[Last updated: 1 January 2024, unless otherwise noted]

For certain international interlisted issuers seeking to list on the TSX, the original listing fee ranges from C$7,500 to C$150,000 (approximately US$5,660 to US$113,190). Actual costs vary depending on the nature and complexity of the transaction and the relative sophistication of the company, its management, internal controls, and reporting processes. In addition, a non-refundable amount of C$7,500 (approximately US$5,660) must be submitted at the time of the application.

Furthermore, all TSX-listed companies are required to pay an annual sustaining fee to maintain their listing. The fee is generated at the end of January of each year and is based on the market capitalization as at the last trading day of the preceding calendar year. This fee ranges from C$12,000 per year to C$145,000 (approximately US$9,055 to US$109,417) per year. The TSX also requires additional fees each time additional securities are listed (for instance, in a follow-on offering) ranging from C$6,000 to C$250,000 (approximately US$4,528 to US$188,650), based upon the value of the securities issued. In addition, the TSX requires an annual fee of C$1,000 (approximately US$755) for each supplemental security listed as at the last trading day of the preceding calendar year. Discounts on the annual sustaining fees are available for certain international inter-listed issuers.

Additional costs include legal fees, broker fees, sponsorship fees (if applicable) and accounting and auditing fees as well as fees payable to the various securities regulatory authorities in which the company becomes a reporting issuer.