FINTRAC in 2024, the Mortgage Services Act in 2026, CE cycles and renewals in three provinces. Most brokers carry all of it alone.
Written by A.I.M.I. Collective Mortgage Group, Brokerage editorial team
Published September 2026 · Last reviewed 11 September 2026
Official sources: BC Financial Services Authority (BCFSA), Real Estate Council of Alberta (RECA), Financial Services Regulatory Authority of Ontario (FSRA)
The regulatory load on a Canadian mortgage broker has roughly doubled in two years. Brokers became FINTRAC reporting entities in October 2024. British Columbia replaces its entire licensing regime on 13 October 2026. Ontario runs continuing education on a two year cycle with two different kinds of hours. Alberta renews every licence on the same day with mandatory re licensing education. Each one is manageable. Together, with no one checking your work until an audit, they are a quiet source of risk sitting under every file.
Client identification, record keeping and reporting obligations that nobody at the brokerage has reviewed with you.
Transition education, CE hours or a renewal date discovered a week before it closes, with the licence on the line.
Conflict of interest, private lending and investor disclosure done from what you remember, not from a checklist that is kept current.
Compliance is a brokerage function that many brokerages quietly push down to the individual. A principal broker signs for it. A compliance team should carry it.
A dedicated compliance team reviews files centrally and the Deal Desk places the hard ones, so your hours go to clients.
Compliance is handled at head office, with a compliance officer on the team, a portal library of current forms and checklists, and the renewal and CE calendar tracked for every broker in all three provinces. Read our compliance guides on FINTRAC obligations, the Mortgage Services Act, Ontario continuing education and Alberta's 30 September renewal.
A dedicated compliance team reviews files centrally, tracks licence deadlines across all three provinces and keeps the audit trail in a form a regulator can read. What does not move off your desk is the knowledge: you sign the disclosure and the FINTRAC record, so you have to understand them. This is general information rather than legal advice, and the regulator's own guidance is the authority.
Look up any mortgage agent or broker licence in Ontario, BC or Alberta. Direct links to each free regulator search and what to check before you sign.
Mortgage brokers became FINTRAC reporting entities on 11 October 2024. What that requires: compliance program, client ID, record keeping and reporting.
How CASL applies to mortgage broker marketing: express and implied consent windows, unsubscribe rules, the past client myth and the penalties.
Conflict of interest disclosure in BC is a timing obligation, not a form. What brokers must disclose, when, and how the Mortgage Services Act changes it.
Book a call and we will walk through how compliance runs here and what stays with you.