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Provinces and territories

Borrowing rules by province

Consumer lending in Canada is governed by a federal ceiling plus provincial licensing rules, so the same product can work differently depending on where you live. Payday lending is the clearest example: Quebec does not license it at all, while provinces that do run their own regimes under the federal cost cap.

Loan types by province

Pick a province to see every loan type with local rules applied.
Province or territoryCapitalAbbreviationLoans
Newfoundland and LabradorSt. John'sNLLocal overview
Prince Edward IslandCharlottetownPELocal overview
Nova ScotiaHalifaxNSLocal overview
New BrunswickFrederictonNBLocal overview
QuebecQuebec CityQCLocal overview
OntarioTorontoONLocal overview
ManitobaWinnipegMBLocal overview
SaskatchewanReginaSKLocal overview
AlbertaEdmontonABLocal overview
British ColumbiaVictoriaBCLocal overview
YukonWhitehorseYTLocal overview
Northwest TerritoriesYellowknifeNTLocal overview
NunavutIqaluitNULocal overview

Sources

  1. Payday Lending Regulations, SOR/2024-114Government of Canada (Canada Gazette), as of 2024-06-19
  2. Criminal Code s. 347 — criminal rate of interestGovernment of Canada (Justice Laws), as of 2025-01-01
  3. FCAC — debt and borrowingFinancial Consumer Agency of Canada, as of 2025-01-01

Every figure on this page is attributed to the publisher above. Where a value could not be verified against the publisher's own publication, it is left out rather than estimated.

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