Key facts about My Canada Payday
- Loan type
- Payday loan
- Cost per $100 borrowed
- $14
- Repay on a $500 loan
- $570
- Rate / cost disclosure
- $14 per $100 borrowed; about 365% as an annual rate on a 14-day loan
- Maximum loan amount
- $1,500
- Typical loan term
- Next payday, with an option to extend to the one after
- Funding speed (lender’s statement)
- Interac e-Transfer, often the same day (reported)
- Credit-check policy
- States that it does not run a credit check
- How to apply
- Online
- Service type
- Online
- Provinces served
- Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Saskatchewan
- Head office / service area
- Operated by Westrock Financial Ltd.
Is My Canada Payday licensed?
| Province | Licence number | Status | Last checked | Verify |
|---|---|---|---|---|
| Alberta | 342618 | Published by lender | November 14, 2026 | Service Alberta and Red Tape Reduction |
| British Columbia | 52546 | Published by lender | November 14, 2026 | Consumer Protection BC |
| Manitoba | 67816 | Published by lender | November 14, 2026 | Manitoba Consumer Protection Office |
| Ontario | 4721539 | Published by lender | November 14, 2026 | Consumer Protection Ontario (Ministry of Public and Business Service Delivery) |
| Saskatchewan | 511325 | Published by lender | November 14, 2026 | Financial and Consumer Affairs Authority of Saskatchewan (FCAA) |
Registries change daily. Confirm the licence yourself before you borrow.
What stands out
- Simple, single-product lender
- Licence numbers shown on its own website
- Runs its own scam-alert page for people contacted by imitators
What to watch
- Asks for more identification than most payday lenders
- Not available in the Atlantic provinces other than Nova Scotia
- Maximum legal cost
Who is My Canada Payday?
Run by Westrock Financial Ltd., My Canada Payday has offered one product — a payday loan — since the late 2000s. It works in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia, and the licences are held under the Westrock name, which is the name to type into a provincial registry.
Who is My Canada Payday suited to?
Straightforward if a single payday loan is all you want. Be ready for a longer identity section than usual: the form asks for a Social Insurance Number and a driver’s licence or ID number.
Can you cancel?
Provincial law gives you a short cooling-off period to cancel a payday loan at no cost — two business days in Ontario, British Columbia and Alberta.
What if a payment fails?
A returned payment can trigger a one-time lender fee, and your bank may add its own NSF charge. Check the agreement for the exact amounts.
Sources
Editorial review completed November 14, 2026. Ratings are our opinion, not customer reviews — see the Editorial Policy.