This table is built from the same data Koke uses on every province page and in the calculator, and it updates when we re-check a province. You’re welcome to use it with a link back to this page.
| Province | Most per $100 | Largest loan | Longest term | Cancel free within | Cost on $300 | Cost on $500 | Cost on $1,000 |
|---|---|---|---|---|---|---|---|
| Alberta | $14 | $1,500 | 62 days | 2 business days | $42 | $70 | $140 |
| British Columbia | $14 | $1,500 | 62 days | 2 business days | $42 | $70 | $140 |
| Manitoba | $14 | $1,500 | 62 days | Check with regulator | $42 | $70 | $140 |
| New Brunswick | $14 | $1,500 | 62 days | Check with regulator | $42 | $70 | $140 |
| Newfoundland and Labrador | $14 | $1,500 | 62 days | Check with regulator | $42 | $70 | $140 |
| Nova Scotia | $14 | $1,500 | 62 days | Check with regulator | $42 | $70 | $140 |
| Ontario | $14 | $1,500 | 62 days | 2 business days | $42 | $70 | $140 |
| Prince Edward Island | $14 | $1,500 | 62 days | Check with regulator | $42 | $70 | $140 |
| Saskatchewan | $14 | $1,500 | 62 days | Check with regulator | $42 | $70 | $140 |
Last checked November 7, 2026. Quebec, Yukon, Northwest Territories, Nunavut don’t license payday lenders; other consumer loans there are capped at 35% a year. “Check with regulator” means we haven’t confirmed that province’s cancellation period on the regulator’s own page yet.
Who regulates payday loans in each province?
- Alberta: Service Alberta and Red Tape Reduction (source for these rules)
- British Columbia: Consumer Protection BC (source for these rules)
- Manitoba: Manitoba Consumer Protection Office (source for these rules)
- New Brunswick: Financial and Consumer Services Commission (FCNB) (source for these rules)
- Newfoundland and Labrador: Digital Government and Service NL (source for these rules)
- Nova Scotia: Service Nova Scotia (Consumer Affairs) (source for these rules)
- Ontario: Ministry of Public and Business Service Delivery and Procurement (Consumer Protection Ontario) (source for these rules)
- Prince Edward Island: Island Regulatory and Appeals Commission / Consumer Services (source for these rules)
- Saskatchewan: Financial and Consumer Affairs Authority (FCAA) (source for these rules)
Why is the cost the same everywhere?
Since January 1, 2025, the federal Criminal Code limits most consumer loans to 35% a year. Payday loans are exempt only in provinces that regulate them and cap the cost at $14 per $100 or less. Every province that licenses payday lenders now sets its cap at exactly $14. Before 2025, most provinces allowed more.
What still differs between provinces?
The cancellation period, how much of your pay a single loan can be, what a lender can charge when a payment bounces, and what happens on repeat loans. Ontario, for example, limits each loan to half your net pay and requires an extended payment plan on the third loan in 63 days; Alberta builds instalments into every loan. Each province page has the full detail and a link to the regulator.
How do you calculate the cost?
Multiply the amount by the cost per $100 and divide by 100. At $14, $500 × 14 ÷ 100 = $70. To compare with other credit, our calculator converts it to an annual rate for your loan term.