# Fintech licensing in Canada

Source page: https://protegra.io/licensing/jurisdictions/canada/

In Canada, fintech and crypto licences are issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The Atlas covers 1 licence type there, in one family: money transmitter. Each licence page lists its legal basis, fees and decision period with sources.

## Financial regulators in Canada

- [CanadaFinancial Transactions and Reports Analysis Centre of Canada (FINTRAC)FINTRAC is Canada's financial intelligence unit and the anti-money-laundering/anti-terrorist-financing supervisor. It collects, analyses and](https://protegra.io/licensing/regulators/fintrac-canada/)

## Fintech licences available in Canada

### [Money transmitter / money services business (MSB)](https://protegra.io/licensing/licences/money-transmitter/)

- [MSB · CanadaMoney services business (MSB) registration (covers foreign exchange dealing, money transferring, virtual currency dealing, crowdfunding platforms and related services; a separate foreign-MSB registration applies to businesses without a place of business in Canada that direct services at Canadians)FINTRAC](https://protegra.io/licensing/licences/money-transmitter/canada/)

## Main laws

- [Proceeds of Crime (Money Laundering) and Terrorist Financing Act](https://protegra.io/licensing/laws/ca-pcmltfa/): S.C. 2000, c. 17

## Path to market

Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. FINTRAC offers pre-application meetings; the regulator page explains how to use them. The application goes to FINTRAC, together with the capital, governance and AML documentation the licence page lists.

## Getting licensed in Canada

Protegra handles licensing in Canada end to end: [MSB registration in Canada](https://protegra.io/crypto-license-canada).

Last verified: · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.