Your business licence is valid for one year and has an expiry date on it. As a courtesy, you will be sent a renewal notice to the mailing address on the business licence 45 days before the licence expires.
You must renew your licence before the expiry date, whether or not you receive a notice. If the licence is not renewed on time, you may have to apply for a new business licence.
The fees can be found in Schedule B of the Business Licence Bylaw.