Cash Advance Canada

Cash advance Canada is available from a total of more than 1,400 retail locations, with Canadians taking around 2 million payday loans annually.

According to the Canadian Payday Loan Association (CPLA), the average payday advance in Canada is around $280, for a repayment period of 10 days.

As is the case in the United States, typical payday loans in the country are short-term, small dollar amount loans, with the borrower often paying back the loan on the next payday from regular employment.

Because of their high costs of borrowing, payday loans in Canada are NOT meant for solving long-term money problems, and you should look into the Canadian alternatives to these loans even in the short-term.

Typical requirements to qualify for a cash advance loan include regular employment and a chequing account, but credit check is often not part of the loan application process...which is why the payday loans might be available even to Canadians with bad credit but with regular job.

Payday Loan Laws in Canada

As is the case with most other countries where payday lending is popular, Canada has very strict federal regulations on payday loan industry, with especially the country's usury laws restricting maximum interest charges.

In addition, since 2006, when the "Criminal Code of Canada" was amended to allow for the individual provinces to regulate the payday loan industry, many provinces have introduced further regulations.

According to CBC, six provinces, including Manitoba, Saskatchewan, Ontario, British Columbia, and Alberta, have introduced regulations providing rules that state the maximum allowed charges on payday loans.

Furthermore, British Columbia, which as an estimated 250-300 payday outlets operating in the province, has regulations that require the payday advance lenders to be licensed by the Business Practices and Consumer Protection Authority (BPCPA).

Canadian Payday Loan Association (CPLA)

One good source on payday lending in Canada is the Canadian Payday Loan Association (CPLA), which represents nearly 40 Canadian short-term lenders that operate about 763 retail financial services outlets.

Their full members (they also have affiliate members) include:

  • 1461350 ONT LTD
    310-LOAN
    Cash 4 You
    Cash Canada Financial
    Cash Max/Cash Converters
    Cash Money
    Cornwall Cash Advantage
    DollarsDirect
    Money Mart
    Moneytree Canada Inc.
    PayCheck Plus
    Quik Loans Ltd.
    Red Leaf Loans
    Speedy Cash Payroll Advances
    The Fast Cash Co.
    The Money Shack
    Xtra Cash

One benefit from doing business with one of the CPLA members is that these companies have committed to provide good service according to the association's "Code of Best Business Practices".

Vancouver Payday Loan

Vancouver payday loan lenders include MoneyMart, the nation's largest payday lender, Cash Money, and Moneytree Canada Inc.

Vancouver Payday Loan

Cash Money Cheque Cashing

Cash Money cheque cashing is available from over 100 locations in 6 different provinces in Canada, most with extended operating hours.

Cash Money Cheque Cashing

Cash Store Canada

Cash Store Canada is a major payday loan broker in Canada, with branches available in nine provinces and two territories, in over 200 communities nationwide.

Cash Store Canada

National Money Mart

National Money Mart is one of the largest and oldest payday lending operations in Canada, with some 454 storefronts available nationwide.

National Money Mart

Red Leaf Loans

Red Leaf Loans is one of the more popular payday lenders in Canada, lending out sums up to $1,500. The firm is a member of the Canadian Payday Loan Association.

Red Leaf Loans

Payday Loan Ottawa

Of the payday loan Ottawa providers, MoneyMart operates a total of 23 stores within 20 km of the city, while Cash Money has 8 storefronts in the same area.

Payday Loan Ottawa

Zippy Cash

Zippy Cash is one of the most popular online payday loan lenders in Canada, and has been in business since 2001.

Zippy Cash

Payday Loan Toronto

Largest payday loan Toronto providers include MoneyMart Canada (78 locations in Toronto) and Cash Money, with 40 stores in the city.

Payday Loan Toronto

Calgary Payday Loan

Calgary payday loan lenders include MoneyMart with 25 locations in the city, as well as Quik Loans Ltd., with 2 cash advance storefronts.

Calgary Payday Loan

Payday Loan in Ontario Canada

Payday loan in Ontario Canada providers range from Xtra Cash and The Fast Cash Co. to the Cornwall Cash Advantage, MoneyMart, and Cash Money.

Payday Loan in Ontario Canada

Payday Loan Company in Canada

To find a reputable payday loan company in Canada, one of the best bets is to use one of the Canadian Payday Loan Association (CPLA) members.

Payday Loan Company in Canada

310Loan

310Loan has been one of the pioneers in online payday loans in Canada. The firm has been in business since 1999.

310Loan

The Fast Cash Company

The Fast Cash Company is a cash advance lender, operating with a total of eight outlets within Ontario, Manitoba, and Saskatchewan.

The Fast Cash Company

Xtra Cash

Xtra Cash is a payday loan lender and cheque cashing service, operating with a total of eight stores, in Ontario and Manitoba.

Xtra Cash

Speedy Cash Payroll Advances

Speedy Cash payroll advances has six locations, available in Regina, Saskatoon, Moose Jaw, North Battleford, Prince Albert, and Yorkton.

Speedy Cash Payroll Advances

Quik Loans

Quik Loans is a Calgary based payday loan lender, with their 2 locations also offering cheque cashing, car title loans, and pawn loans.

Quik Loans

Paycheck Plus

PayCheck Plus is licensed to offer payday loans in Ontario and British Columbia, and specializes in providing these payday advances online.

Paycheck Plus

Moneymart Canada

MoneyMart Canada is a Victoria, BC, based payday lending company, owned by the U.S. based Dollar Financial Corporation since 1996.

Moneymart Canada

Dollars Direct

Dollars Direct has been in business since 2009, and provides short-term payday loans for sums between $100 and $1,500.

Dollars Direct

Cash Max

Cash Max is a Canadian payday lending service from Austin (Texas) based EZCORP, Inc, with stores available across Ontario.

Cash Max

Cash 4 You

Cash 4 You is a Canadian retail chain of payday lending, cheque cashing, and Western Union services.

Cash 4 You

› Cash Advance Canada


Cash advances should be used for short-term financial needs only, not as a long-term financial solution.

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