Did you know that there is a limit to the amount of interest a lender in Canada can charge on loan transactions? A limit beyond which your loan transaction becomes a criminal offense? Even better for borrowers, the Canadian government is now proposing a reduction to that limit. In this jungle, it's the lenders who can be predators and the government seeks to protect the preys.

On this episode, I break down the proposed regulation to reduce the Canadian criminal interest rate, as well as the exceptions and nuances to this proposed reduction.

When you are done listening, remember too follow this show for instant notifications on coming episodes.

As a bonus, here's an article you can read to learn more: https://gowlingwlg.com/en/insights-resources/articles/2024/criminal-interest-rate-overhaul/