Licensing guide · Saskatchewan

How to Become a Mortgage Broker in Saskatchewan

Last checked 2 sources checkedNOC 11109

Do you need a licence?

Licence required

You must be registered with the Financial and Consumer Affairs Authority to work as a mortgage broker in Saskatchewan or to use a protected title.

Protected titles
Not listed in the sources checked
Show the source
“Mortgage brokers require a mortgage broker licence in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Newfoundland and Labrador and Nova Scotia.”

From noc.esdc.gc.ca/Structure/NocProfile, checked October 10, 2026.

At a glance

Licence status
Licence required See the source
Routes
Annual fees
Not stated by the regulator Check with Financial and Consumer Affairs Authority

Your roadmap

Every route is listed. Follow the one that matches where you trained.

Trained in Canada

  • 5 steps without a listed fee

  1. Ask your brokerage to start the application process, and you will receive an email with a link to the mortgage broker application in RLS.

    Source
    “The brokerage will invite you to apply for licensing through RLS. You will receive an email with a link that will take you to the mortgage broker application. You cannot apply for licensing unless you receive an invitation from a brokerage.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

  2. Before accepting the invitation, set up your User ID and password in RLS.

    Source
    “Prior to accepting the invitation, you need to go into RLS and set up your User ID and password. It is important that the User ID and Password be established before the invitation is accepted.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

  3. Access the application in RLS and complete it, making sure it is not incomplete before submitting.

    Source
    “Applicants can then access the application in RLS. Applicants are encouraged to go through each of the applicable licence application pages to identify the information that will be required. The applicant will not be able to submit an incomplete application.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

  4. Send the completed application back to the brokerage for review, and if it supports the application it will indicate that in RLS and return it to you.

    Source
    “On completion of the application form but prior to paying the fees, the applicant will send the application back to the brokerage for its review. If the brokerage supports the application, it will indicate that in RLS and send the application back to the applicant.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

  5. Pay the application and licence fees and submit the application to the FCAA.

    Source
    “The applicant can then pay the application and licence fees and submit the application to the FCAA.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

Listed fees for this route

No one-time fees listed by the regulator for these steps Check with Financial and Consumer Affairs Authority

5 steps without a listed fee, so the total may not be the full cost.

Official page for this route

Licensed in another province

  • 6 steps without a listed fee

  1. Ask your brokerage to start the application process, and you will receive an email with a link to the mortgage broker application in RLS.

    Source
    “The brokerage will invite you to apply for licensing through RLS. You will receive an email with a link that will take you to the mortgage broker application. You cannot apply for licensing unless you receive an invitation from a brokerage.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

  2. Before accepting the invitation, set up your User ID and password in RLS.

    Source
    “Prior to accepting the invitation, you need to go into RLS and set up your User ID and password. It is important that the User ID and Password be established before the invitation is accepted.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

  3. Provide information about the jurisdictions where you currently hold licences and the licence numbers from those jurisdictions.

    Source
    “You need to provide information regarding the jurisdiction(s) where you currently hold licence(s) and the licence number(s) provided by those jurisdiction(s). If the licence does not have a licence number, please enter "n/a".”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

  4. Access the application in RLS and complete it, making sure it is not incomplete before submitting.

    Source
    “Applicants can then access the application in RLS. Applicants are encouraged to go through each of the applicable licence application pages to identify the information that will be required. The applicant will not be able to submit an incomplete application.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

  5. Send the completed application back to the brokerage for review, and if it supports the application it will indicate that in RLS and return it to you.

    Source
    “On completion of the application form but prior to paying the fees, the applicant will send the application back to the brokerage for its review. If the brokerage supports the application, it will indicate that in RLS and send the application back to the applicant.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

  6. Pay the application and licence fees and submit the application to the FCAA.

    Source
    “The applicant can then pay the application and licence fees and submit the application to the FCAA.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

Listed fees for this route

No one-time fees listed by the regulator for these steps Check with Financial and Consumer Affairs Authority

6 steps without a listed fee, so the total may not be the full cost.

Official page for this route

Trained outside Canada

No separate route for this group.

Source
“an individual that is not licensed elsewhere in Canada and is not internationally trained may request an exemption from taking the approved mortgage broker education program”
fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

Official page for this route

Other listed fees

The regulator lists these without tying them to one step, so they are not in the route totals above. Check which apply to you.

Requirements

Conditions the regulator sets on top of the roadmap steps.

Education

  • You must demonstrate you have completed an approved mortgage broker education course, or that you are exempt from the education requirement.

    Source
    “Demonstrate you have completed an approved mortgage broker education course, or that you are exempt from the education requirement.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

Experience

  • You must have been licensed as an associate for at least 24 of the 36 months preceding the application, or be exempt from the experience requirement.

    Source
    “Demonstrate you have been licensed as an associate for at least 24 of the 36-month preceding the application, or that you are exempt from the experience requirement.”
    fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

Police check

Good character

Residency

Other

Already licensed in another province?

Direct transfer

An individual licensed in another Canadian jurisdiction with a substantially equivalent authorization is exempt from the Canadian residency requirement and the mortgage broker education and experience requirements.

Source
“An individual is exempt from the Canadian residency requirement and the mortgage broker education and experience requirements if they hold an authorization that is substantially equivalent to the Saskatchewan licence:”
fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers

Processing time: Not stated by the regulator Check with Financial and Consumer Affairs Authority

Check a move between two provinces

Credential assessment

Not stated by the regulator Check with Financial and Consumer Affairs Authority

Exams

Not stated by the regulator Check with Financial and Consumer Affairs Authority

Language tests

Not stated by the regulator Check with Financial and Consumer Affairs Authority

Compare scores across provinces and professions

Canadian experience

Not stated by the regulator Check with Financial and Consumer Affairs Authority

Supervised practice

Not stated by the regulator Check with Financial and Consumer Affairs Authority

Demand and pay

Job Bank figures for NOC 11109, Other financial officers. Wages for 2023-2024 in Canadian dollars an hour; outlook for 2025-2027.

Job Bank wages and outlook in Saskatchewan and Canada
WhereLowMedianHighOutlook
Saskatchewan $32.00 $42.97 $72.12 Moderate (3 of 5)
Canada $24.04 $38.46 $66.67 —

Wages by region and job outlook in Saskatchewan

Wages in every province and territory

Mortgage brokers in other provinces and territories

Regulated in 8 of the other 12 jurisdictions checked so far. The rules differ from one place to the next.

Compare mortgage broker licensing across Canada

Sources checked

Pages read on October 10, 2026.

  1. noc.esdc.gc.ca/Structure/NocProfile noc.esdc.gc.ca/Structure/NocProfile
  2. Financial and Consumer Affairs Authority of Saskatchewan fcaa.gov.sk.ca/regulated-businesses-persons/persons/mortgage-brokers · fetched October 10, 2026

Frequently asked questions

1

Do you need a licence to work as a mortgage broker in Saskatchewan?

Yes. Registration with the Financial and Consumer Affairs Authority is required to practise in Saskatchewan.

Getting Licensed? Get Your Resume Ready Too

Nainly pairs expert resume assessment with a done-for-you career marketing campaign, so your profile keeps reaching decision-makers while you work through the licensing steps.

Schedule a Call

Free consultation. No commitment.