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ARTICLE · 30 MARCH 2026

PSPs: Reminder Annual Report Due In One Week & Other RPAA-Related Updates

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The deadline for payment service providers (PSPs) registered under the Retail Payment Activities Act (RPAA) to submit their first annual report (the Annual Report) to the Bank of Canada is Tuesday, March 31, 2026.

CanadaTechnology
TechLex Blog
TechLex Blog
Vanessa Johnson
Vanessa Johnson
Sandra Mollet
Sandra Mollet
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Annual Reporting Deadline is in One Week

The deadline for payment service providers (PSPs) registered under the Retail Payment Activities Act (RPAA) to submit their first annual report (the Annual Report) to the Bank of Canada is Tuesday, March 31, 2026.1

While PSPs whose registration applications are approved by the Bank of Canada on or after March 9, 2026 though March 30, 2026 are still required to file an Annual Report, they have been granted an extension until April 28, 2026. For businesses remaining on the list of applicants pending approval as of March 31, 2026, no Annual Report is required for the 2025 reporting year.

The Annual Report covers the reporting period of the 2025 calendar year, and seeks information from PSPs on the following:

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