What Is the Statute of Limitations on Debt in Canada?
The statute of limitations (or limitation period) on debt is the time period during which a creditor can take legal action (sue you in court) to collect a debt. Once this period expires, the creditor loses the right to sue — making the debt legally unenforceable.
Importantly, a time-barred debt does not disappear. The creditor can still attempt to collect and can still report the debt to credit bureaus. You can still choose to pay it. But they cannot sue you to force repayment after the limitation period has passed.
Limitation Periods By Province — 2025
| Province/Territory | Limitation Period | Key Notes |
|---|---|---|
| Ontario | 2 years | Limitation Act 2002; clock starts when creditor discovered or ought to have discovered the claim |
| British Columbia | 2 years | Limitation Act; basic limitation period |
| Alberta | 2 years | Limitation Act; discovery-based |
| Quebec | 3 years | Civil Code of Quebec; different legal framework |
| Manitoba | 2 years | The Limitation of Actions Act (2010) |
| Saskatchewan | 2 years | The Limitation of Actions Act |
| Nova Scotia | 2 years | Limitation of Actions Act |
| New Brunswick | 2 years | Limitation of Actions Act |
| PEI | 2 years | Statute of Limitations |
| Newfoundland | 2 years | Limitations Act |
| Territories (YK, NWT, NU) | 2–6 years | Varies by territory |
Note: CRA tax debts have a 10-year limitation period under the Income Tax Act and are not subject to provincial limitations. Student loans and mortgage debts also have special rules.
When Does the Limitation Period Start?
In most provinces, the clock starts on the date you discovered or ought to have discovered the claim — typically the date of your last missed payment or the date the creditor declares the debt in default. This is the "discovery date."
For a credit card debt, the clock typically starts running after your last missed payment (e.g., if you stopped paying in March 2022, the limitation period in Ontario would expire in March 2024).
What Resets the Limitation Period?
- Making any payment toward the debt (even $1)
- Sending a written acknowledgment of the debt
- Signing a new payment agreement
- In some provinces: a verbal acknowledgment
Statute of Limitations vs. Credit Report Removal
These are two completely separate timelines. The statute of limitations determines when a creditor can sue you. The credit reporting period determines how long the debt appears on your credit file.
- Ontario limitation period: 2 years from discovery date
- Credit report retention: 6–7 years from date of first delinquency
A debt can be past the limitation period (uncollectable by lawsuit) but still appear on your credit report for several more years.
Frequently Asked Questions
Turn the Page on Old Debt
Whether you're past the limitation period or working through debt, KOHO helps you build better financial habits from today. Get $100 cash bonus with code 45ET55JSYA.
Get $100 with KOHO →