A RIBO license is valid for one year and must be renewed annually. The license year is October 1 to September 30.
All licensees who obtained their license before July 1, 2024 are required to complete their 2024-2025 license year renewals by August 31, 2024. RIBO offers a grace period until September 30, 2024.
See below for information about the 2024-2025 license renewal process and fees.
Have general questions about the renewal process? Consult our Renewal FAQs.
Watch our Individual Broker’s Renewal Guide video showing how to renew their own license, complete their payment and check their renewal status.
Watch our Principal Broker’s Renewal Guide video showing how to renew their firm, renew their own license, complete bulk payments for brokers in their firm and check the renewal status for each broker in their firm.
Watch a recording of the Principal Broker Town Hall we held on June 4, 2024, where we provided renewal information and answered questions.
2024-2025 License Renewal Process
July 2 to July 24
- Principal Brokers can access the renewal portion of IRIS, which allows them to:
- Renew their firm
- Renew their own individual license, and then
- Optionally pay for all the brokers in their firm as a bulk payment.
July 25 to July 31
- No Principal Brokers or individual brokers will have access to any renewal or payment functions. This provides RIBO staff time to process bulk payments.
August 1 to August 31
- All individual brokers can now access the renewal portion of IRIS to:
- See if their license has been paid for through bulk payment.
- If it has not been paid through bulk payment by July 24, 2024 at 11:59 pm ET, they will be required to pay for their own license renewal.
- All licensees who obtained their license before July 1, 2024 are required to complete their 2024-2025 license year renewals by August 31, 2024.
After August 31
- RIBO offers a grace period until September 30, 2024.
- A 30-day notice will be sent indicating that they will be suspended (Administrative Suspension), if they do not complete their renewal by August 31, 2024 at 11:59 pm ET.
- Any broker whose license has not been renewed by September 30, 2024 at 11:59 pm ET will be suspended (Administrative Suspension).
October 1
- Any licensee who has not completed their renewal by September 30, 2024 at 11:59 pm ET will have their license suspended (Administrative Suspension) and be required to apply to RIBO for reinstatement.
Watch our Individual Broker’s Renewal Guide video showing how to renew their own license, complete their payment and check their renewal status.
The video will open up in a separate window. You will need to click on the next screen to watch the video.
Video Chapter Guide
- 0:00 Introduction
- 0:47 Additional Support and Resources
- 1:41 System Settings and Orientation
- 2:53 Starting Your Renewal
- 3:07 Individual Broker Renewal
- 3:36 Individual Broker Renewal – Step 1: Contact Information
- 5:20 Individual Broker Renewal – Step 2: Renewal Questions
- 7:34 Individual Broker Renewal – Step 3: Notice and Statement of Accuracy
- 8:37 Individual Broker Renewal – Step 4: Renewal Payment
- 11:37 Conclusion
Watch our Principal Broker’s Renewal Guide video showing how to renew their firm, renew their own license, complete bulk payments for brokers in their firm and check the renewal status for each broker in their firm.
The video will open up in a separate window. You will need to click on the next screen to watch the video.
Video Chapter Guide
- 0:00 Introduction
- 0:51 Additional Support and Resources
- 1:40 System Settings and Orientation
- 2:50 Starting Your Renewal
- 3:10 Brokerage Renewal
- 4:43 Brokerage Renewal – Step 1: Contact Information
- 6:31 Brokerage Renewal – Step 2: Renewal Questions
- 8:27 Brokerage Renewal – Step 3: Notice and Statement of Accuracy
- 9:28 Brokerage Renewal – Step 4: Firm Renewal Payment
- 11:38 Brokerage Renewal – Step 5: Bulk Payments / Checking Renewal Status of Brokers
- 16:50 Principal Broker’s Individual Renewal
- 17:35 Principal Broker’s Individual Renewal – Step 1: Contact Information
- 19:15 Principal Broker’s Individual Renewal – Step 2: Renewal Questions
- 19:50 Principal Broker’s Individual Renewal – Step 3: Notice and Statement of Accuracy
- 20:37 Principal Broker’s Individual Renewal – Step 4: Payment
- 21:29 Conclusion
We held a Principal Broker Town Hall on June 4, 2024, where we provided renewal information and answered questions. Watch a recording of our Principal Town Hall meeting.
License Renewal Fees
There are no refunds on renewal fees or bulk payments.
| License Type | Fee (CAD) | Note |
|---|---|---|
| Individual | $220 | This must be paid by credit card online. We accept Mastercard, Visa and American Express. |
| Corporation | $550 | |
| Partnership | $550 | |
| Consultant | $550 | |
| Wholesaler / MGA | $550 | |
| Sole Proprietorship | $550 | |
| Non-Active Firm | $220 | If you own a non-active firm, you must pay this, as it is not included in the firm’s bulk payment. If the renewal fee is not paid, the non-active firm will be suspended (Administrative Suspension). |