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Financing

The AMF collects a premium from all registered institutions under the Deposit Insurance Act, calculated at April 30 of each year and equal to 1/25 of 1% of all deposits received in Québec and guaranteed by the AMF at this date. This premium is payable by all institutions incorporated under the laws of Québec or of another jurisdiction.

Because their deposits are guaranteed by the Canada Deposit Insurance Corporation (CDIC), registered trust companies and savings companies incorporated under a federal charter need not pay premiums to the AMF.

The premium payable by a financial services cooperative is reduced by one half if the cooperative is a member of a security fund whose mission is to avoid or reduce disbursements by the AMF. At the Authority's request, the Government may fix a different reduction.