Any premises, or any area of the premises that runs as a lending that is payday as defined by the payday advances Act.

Any premises, or any area of the premises that runs as a lending that is payday as defined by the payday advances Act.

The pay day loan licence arrived into influence on August 1, 2018. Payday financing companies will need to have obtained a loan that is payday by October 1, 2018 to use in Toronto.

People, partnerships or corporations.

Must hold a licence that is valid of might 1, 2018 being a loan provider or financing broker beneath the pay day loans Act.

Recognition Needs

Initial papers necessary for all applications (and renewal deals).

Include two items of government-issued identification (one must be photo ID):

  • Canadian Passport
  • Driver’s Licence
  • Canadian Birth Certification
  • Citizenship Card
  • Permanent Resident Card
  • SIN Card (Social Insurance Quantity)
  • Valid Work License