Promissory Note Canada: Free Template & Legal Guide 2026

A promissory note is a legally binding financial document where one party unconditionally promises to pay a specific sum of money to another party. Under the Bills of Exchange Act, promissory notes create enforceable payment obligations when properly drafted, making them essential tools for documenting personal loans, business financing, and various financial transactions across Canada.

Unlike informal IOUs or verbal agreements, promissory notes provide legal recourse if borrowers fail to repay. Understanding proper promissory note structure, essential legal requirements, and enforcement mechanisms protects both lenders and borrowers while ensuring compliance with Canadian federal and provincial laws governing financial instruments.

What is a Promissory Note?

The Bills of Exchange Act (R.S.C., 1985, c. B-4) defines a promissory note as “an unconditional promise in writing made by one person to another person, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money to, or to the order of, a specified person or to bearer.”

This legal definition establishes specific requirements distinguishing promissory notes from other financial documents. The promise must be unconditional without contingencies or conditions affecting payment obligations. The document must identify a specific monetary amount payable, and the maker (borrower) must sign the note creating legally enforceable commitment.

Promissory Notes vs Loan Agreements

Promissory notes and loan agreements both document lending arrangements but differ significantly in complexity and scope. Promissory notes function as unilateral promises to pay, typically shorter and simpler documents suitable for straightforward lending between trusted parties.

Loan agreements provide comprehensive bilateral contracts detailing extensive terms including detailed security provisions, multiple covenants and borrower obligations, lender representations and warranties, and complex default and remedies clauses. For substantial loans, secured financing, or commercial lending, formal loan agreements provide stronger legal protection than basic promissory notes.

Types of Promissory Notes in Canada

Canadian law recognizes several promissory note variations serving different lending purposes and repayment structures. Choosing appropriate note types depends on your specific financing arrangement and risk tolerance.

Demand Promissory Notes

Demand notes allow lenders to request full repayment at any time without advance notice requirements. The Bills of Exchange Act provides that demand notes become payable when the lender makes formal demand for payment. Borrowers typically receive reasonable time to arrange payment after demand, though wise practice includes specifying exact timeframes within the note itself.

Under Ontario’s amended Limitations Act, 2002, the limitation period for demand note enforcement begins when the borrower first fails to pay after proper demand is made. This clarification, effective November 2008, protects lenders from indefinite limitation period uncertainty previously affecting demand obligations.

Installment Promissory Notes

Installment notes establish fixed payment schedules where borrowers repay principal and interest through regular payments over specified periods. These notes suit larger loans requiring extended repayment timelines, providing predictability for both lenders and borrowers through defined payment amounts and dates.

Installment notes should specify payment frequency (monthly, quarterly, annually), exact payment amounts or calculation methods, payment due dates, and consequences for missed or late payments. Clear payment terms prevent disputes about repayment expectations.

Secured vs Unsecured Promissory Notes

Unsecured promissory notes rely entirely on borrower creditworthiness and promise to pay without collateral backing the obligation. If borrowers default, lenders must pursue collection through legal proceedings without specific asset claims. These notes suit smaller loans between trusted parties with strong credit histories.

Secured promissory notes include collateral pledged to guarantee repayment. If borrowers default, lenders can seize and sell specified collateral to recover outstanding amounts. Secured notes typically require accompanying general security agreements formally documenting security interests in pledged assets. For substantial loans or higher-risk borrowers, secured arrangements provide critical lender protection.

Essential Elements of Valid Promissory Notes

For promissory notes to be legally enforceable in Canadian courts, they must contain specific elements establishing clear, unconditional payment obligations. Missing or ambiguous essential elements can render notes unenforceable or create enforcement difficulties.

Parties Identification

Promissory notes must clearly identify both the maker (borrower) and payee (lender) using complete legal names and current addresses. Include middle names or initials distinguishing parties from others with similar names. Accurate identification prevents confusion about who owes money and to whom payment is owed.

For business loans, specify whether parties act in personal or corporate capacities. Personal guarantees from corporate borrowers require separate documentation beyond basic promissory notes.

Principal Amount

State the exact principal amount borrowed in both numerals and words to prevent ambiguity or alteration. For example: “$10,000.00 (Ten Thousand Dollars).” The amount must be certain and specific, though it may be expressed in foreign currency if clearly stated.

If the note involves multiple advances or draw-downs, specify how the principal amount will be determined and documented. Complex lending arrangements may require more detailed documentation than simple promissory notes provide.

Interest Rate and Calculation Method

Clearly specify the annual interest rate charged on outstanding balances. Express rates as annual percentage rates (APR) for clarity and consistency. Canadian law, specifically Section 347 of the Criminal Code, prohibits effective annual interest rates exceeding 60% including all fees, charges, and costs that could be considered part of the interest calculation.

Detail how interest is calculated including whether interest compounds and at what frequency, the method for calculating daily or monthly interest, and how partial payments are applied between principal and interest. Ambiguous interest provisions create disputes and potential enforcement problems.

Repayment Terms

For demand notes, specify the time period borrowers have to pay after formal demand is made. Without specific timeframes, common law provides “reasonable time” which varies based on circumstances and creates uncertainty.

For installment notes, establish payment schedules detailing amount of each payment, payment frequency and specific due dates, late payment penalties or grace periods, and whether borrowers can prepay without penalty. Comprehensive repayment terms eliminate confusion about payment expectations.

Date and Place of Execution

Include the date when the promissory note is signed and where it is executed. The Bills of Exchange Act distinguishes between inland notes (made and payable within Canada) and foreign notes, affecting legal treatment and enforcement procedures.

Signatures

The borrower must sign promissory notes for legal validity and enforceability. Without the borrower’s signature, notes lack binding force and become unenforceable in court. Electronic signatures are generally acceptable under Canadian law provided they meet requirements for consent, attribution, and record retention established in electronic commerce legislation.

While not legally required for validity, lender signatures are recommended as formal acknowledgment of extending credit under agreed terms. For higher-value loans or secured arrangements, consider having notes witnessed or notarized, especially if enforcement through courts becomes necessary.

Legal Requirements for Promissory Notes in Canada

Beyond essential elements, promissory notes must comply with various federal and provincial legal requirements affecting enforceability, interest charges, and regulatory compliance.

Federal Laws Governing Promissory Notes

The Bills of Exchange Act provides the primary federal framework governing promissory notes throughout Canada. This federal legislation establishes statutory definitions, formal requirements for negotiability, and enforcement procedures for promissory notes regardless of provincial location.

The Criminal Code’s Section 347 prohibits criminal interest rates exceeding 60% annually. This federal provision applies across Canada, overriding any provincial laws or contractual provisions attempting to charge higher rates. Violations can result in criminal prosecution, fines, and imprisonment.

Provincial Variations and Requirements

While federal law governs promissory note fundamentals, provincial law affects various aspects including limitation periods for enforcement actions, registration requirements for secured notes, and consumer protection provisions. Your promissory note should explicitly state which provincial law governs the agreement, preventing jurisdictional confusion during disputes.

In Ontario, the Limitations Act, 2002 establishes time limits for commencing legal proceedings to enforce promissory notes. For demand notes, the limitation period begins when borrowers first fail to pay after proper demand. For installment notes, limitation periods typically begin when each payment becomes due.

Securities Law Considerations

In certain circumstances, promissory notes may be considered securities subject to provincial securities regulation. Ontario’s Financial Services Regulatory Authority notes that promissory notes generally fall within the definition of “securities” under the Securities Act (Ontario), potentially subjecting them to Ontario Securities Commission oversight.

This classification particularly affects mortgage brokers, financial advisors, or anyone offering promissory notes as investments to multiple parties. If your promissory note activities might constitute securities offerings, seek legal advice ensuring compliance with applicable securities laws and available exemptions before proceeding.

How to Write a Promissory Note

Creating enforceable promissory notes requires careful attention to essential terms, clear language, and proper formatting. Follow these steps to draft effective notes protecting both parties’ interests.

Step 1: Choose Note Type

Determine whether your situation requires demand or installment repayment. Demand notes provide lender flexibility but create borrower uncertainty about when payment will be required. Installment notes establish predictable payment schedules but reduce lender flexibility.

Decide whether the loan requires security. Unsecured notes suit smaller amounts between trusted parties. Secured notes protect lenders for substantial amounts or higher-risk borrowers, though they require additional security documentation.

Step 2: Identify Parties Completely

Use full legal names exactly as they appear on government identification. Include complete current addresses for both borrower and lender. For businesses, specify the legal business name and whether parties act in corporate or personal capacity.

Step 3: State Principal Amount Clearly

Write the exact loan amount in both numerals and words: “$5,000.00 (Five Thousand Dollars).” Specify the currency if using anything other than Canadian dollars. For loans involving multiple advances, describe how the total principal will be determined.

Step 4: Establish Interest Terms

Specify the annual interest rate as a percentage. Ensure rates comply with the 60% annual maximum under the Criminal Code. Detail how interest is calculated, when interest begins accruing, and whether interest compounds. State explicitly if the loan carries no interest.

Step 5: Define Repayment Terms

For demand notes, specify how much time the borrower has after receiving payment demand. Common timeframes range from 10 to 30 days. For installment notes, create a complete payment schedule showing payment amounts, due dates, and where payments should be sent.

Step 6: Include Default Provisions

Define what constitutes default beyond simple non-payment, such as borrower bankruptcy or insolvency, material misrepresentations, or breach of loan covenants. Specify consequences of default including acceleration of remaining balance, additional default interest rates, and lender’s right to pursue collection remedies.

Step 7: Add Standard Clauses

Include provisions addressing governing law (which province’s laws apply), amendment procedures requiring written agreement, severability (invalid provisions don’t void entire note), and waiver provisions. These standard clauses, similar to those in contract law generally, prevent common disputes.

Step 8: Execute Properly

Have the borrower sign and date the note. The lender’s signature, while not legally required, is recommended. For larger amounts, consider having signatures witnessed or notarized. Provide signed copies to all parties and retain originals in secure locations.

Promissory Note Template Structure

While every promissory note should be customized to specific circumstances, most follow similar structural formats ensuring all essential elements are addressed systematically.

Basic Template Components

A standard promissory note typically includes these sections in order: title clearly identifying the document as “Promissory Note,” borrower identification with full name and address, lender identification with full name and address, principal amount statement, interest rate and calculation method, repayment terms (demand or installment schedule), late payment provisions and penalties, default definitions and consequences, prepayment rights and restrictions, governing law designation, and signature lines for borrower with date and place of execution.

Templates provide useful starting points but require careful customization. Generic templates may omit important provisions for your specific situation or include unnecessary clauses creating confusion. Review templates critically and modify them appropriately.

Customization Considerations

Modify template language to reflect your exact agreement including specific payment amounts and dates, actual interest rate charged, collateral descriptions for secured notes, and any special conditions parties negotiated. Ensure all numerical amounts appear consistently throughout the document without conflicts or contradictions.

For complex lending arrangements involving multiple parties, variable interest rates, or sophisticated security arrangements, templates prove inadequate. These situations require professional legal drafting ensuring comprehensive protection.

Interest Rates on Promissory Notes

Interest rate provisions significantly affect promissory note economics and enforceability. Understanding legal limits and proper interest documentation prevents criminal liability and civil unenforceability.

Maximum Allowable Interest Rates

Section 347 of the Criminal Code prohibits effective annual interest rates exceeding 60% on credit arrangements. This calculation includes not just stated interest but all charges, fees, penalties, and costs that could be considered interest components. Courts examine the total cost of borrowing annually to determine compliance.

Violations of the criminal interest rate prohibition can result in criminal charges, significant fines, imprisonment up to five years, and complete unenforceability of the promissory note. Even unintentional violations carry serious consequences, making careful calculation essential.

Compound Interest Considerations

Interest can compound on promissory notes if explicitly stated. Compounding increases effective interest rates significantly over time. For example, 12% annual interest compounded monthly produces an effective annual rate higher than simple 12% interest.

When including compound interest provisions, calculate effective annual rates ensuring they remain below the 60% criminal threshold. Specify compounding frequency clearly (daily, monthly, annually) to prevent ambiguity about interest calculations.

Default Interest Rates

Many promissory notes include higher interest rates that apply after default. Default rates compensate lenders for increased risk and collection costs. However, default rates must still comply with the 60% annual maximum when combined with all other costs and charges.

Typical default rate provisions add 2-5% to the regular interest rate. Ensure default rate provisions are clearly stated and only apply after specific default events occur, not automatically upon any payment delay.

Enforcing Promissory Notes in Canada

When borrowers fail to honor promissory note obligations, lenders must follow proper enforcement procedures to collect outstanding amounts. Understanding your legal options and limitation periods protects your ability to recover money owed.

Demand for Payment

For demand promissory notes, lenders must make formal written demand for payment before pursuing legal action. The demand letter should reference the promissory note specifically, state the outstanding amount including principal and accrued interest, and specify the deadline for payment as stated in the note or within a reasonable time if not specified.

Send demand letters by registered mail or courier with delivery confirmation. Documentation proving proper demand was made and received becomes critical evidence if litigation becomes necessary.

Limitation Periods

Provincial limitation acts establish time limits for commencing legal proceedings to enforce promissory notes. These limitation periods vary by province but typically range from two to six years. Once limitation periods expire, lenders lose their right to pursue enforcement through courts even if money remains owing.

For demand notes under Ontario law, the limitation period begins when the borrower first fails to pay after proper demand is made. For installment notes, limitation periods typically begin when each individual payment becomes due, creating multiple limitation periods for notes with payment schedules extending over many years.

Court Proceedings

If borrowers fail to pay after demand or miss installment payments, lenders can commence civil litigation to enforce promissory notes. For smaller amounts, provincial small claims courts provide expedited, less formal proceedings with simplified procedures and lower costs.

For larger amounts exceeding small claims monetary jurisdiction (typically $35,000-$50,000 depending on province), superior court proceedings become necessary. These proceedings involve more complex procedures, higher costs, and longer timelines but remain the only option for substantial debt recovery.

Successfully sued borrowers who still don’t pay face enforcement remedies including wage garnishment, bank account seizures, and liens against real property. Secured promissory notes allow lenders to seize and sell collateral without court judgment in many circumstances.

Tax Implications of Promissory Notes

Promissory notes create tax obligations and considerations for both lenders and borrowers. Understanding these implications ensures proper Canada Revenue Agency compliance and optimal tax treatment.

Interest Income Reporting

Lenders must report interest received on promissory notes as taxable income. The Canada Revenue Agency requires interest income reporting in the taxation year when received or when the right to receive becomes established. For demand notes, interest is typically reported when actually received. For installment notes with scheduled payments, interest may need to be reported annually as it accrues even if not yet received.

Lenders should maintain detailed records of interest calculations and payments received. Issue receipts to borrowers for all payments, separating principal and interest components clearly for both parties’ tax record-keeping.

Deductibility of Interest Paid

Borrowers can potentially deduct interest paid on promissory notes if loan proceeds were used for income-earning purposes. Personal loans for consumption cannot generate tax deductions. Business loans for purchasing equipment, inventory, or other business assets typically generate deductible interest expenses.

Maintain documentation clearly tracking how loan proceeds were used. CRA may request evidence supporting interest deduction claims, making contemporaneous records essential.

Imputed Interest Considerations

Interest-free or below-market interest rate loans between related parties may trigger tax consequences. CRA can impute interest at prescribed rates for loans between family members, shareholders and corporations, or employers and employees. Imputed interest is treated as income to the lender and potentially as taxable benefit to the borrower depending on the relationship and loan purpose.

If making interest-free loans to related parties, understand potential tax implications and document legitimate business or family reasons for favorable terms.

Common Promissory Note Mistakes

Even with templates and guidance available, parties frequently make critical mistakes that undermine promissory note effectiveness or enforceability. Avoiding these common errors protects both lenders and borrowers.

Vague or Incomplete Terms

Ambiguous language defeats promissory note purposes. Phrases like “reasonable interest rate” or “repayment as soon as possible” create disputes about actual obligations. Specify exact numbers, percentages, dates, and conditions without relying on subjective terms requiring interpretation.

Incomplete notes addressing some terms while omitting others create gaps and potential unenforceability. Address all essential elements systematically, ensuring no critical terms are left undefined or assumed.

Improper Interest Calculations

Failing to calculate effective annual interest rates properly, particularly when combining fees, charges, and compound interest, can inadvertently violate the 60% criminal interest rate prohibition. Calculate total costs of borrowing annually, ensuring all components combined remain below legal limits.

Missing Signatures

Unsigned promissory notes lack enforceability. Ensure borrowers sign before funds are advanced. For secured notes, also complete all security documentation contemporaneously with note execution. Retroactive signatures or attempts to document loans after funds have been advanced create evidentiary and enforceability problems.

Inadequate Security Documentation

For secured promissory notes, simply referencing collateral in the note itself proves insufficient. Proper security requires formal security agreements, personal property security registrations under provincial PPSA legislation, and potentially mortgage registrations for real property security.

Consult with lawyers experienced in secured transactions to ensure security documentation and registrations provide intended protection. Defective security documentation leaves lenders effectively unsecured despite provisions in promissory notes.

Ignoring Provincial Requirements

Some provinces impose specific requirements for certain types of promissory notes or loans. Consumer protection legislation may restrict terms for personal loans. Payday loan regulations establish strict limits on short-term high-interest loans. Ensure your promissory note complies with all applicable provincial requirements beyond basic Bills of Exchange Act compliance.

When to Use Promissory Notes vs Other Documents

Promissory notes serve specific purposes within the spectrum of financial and commercial documentation. Choosing appropriate documents for your transaction ensures adequate protection and compliance.

Promissory Notes vs Bills of Sale

While both document financial transactions, promissory notes create payment obligations while bills of sale document ownership transfers of personal property. Bills of sale prove who owns specific assets after purchase. Promissory notes establish who owes money to whom.

Transactions involving both property sales and financing typically require both documents: bills of sale transferring ownership and promissory notes documenting payment obligations if buyers finance purchases over time.

Promissory Notes vs Purchase Agreements

Comprehensive purchase agreements document entire transactions including property descriptions, representations and warranties, closing conditions, and dispute resolution procedures. Promissory notes focus solely on payment obligations.

Complex transactions typically include purchase agreements as primary contracts with promissory notes as supporting documents when payment occurs over time rather than upon closing.

Promissory Notes vs Loan Agreements

As previously discussed, loan agreements provide comprehensive bilateral contracts suitable for substantial loans, secured financing, or commercial lending relationships. Promissory notes work well for simpler loans between trusted parties without extensive security or covenant requirements.

For business loans involving significant amounts, consider formal loan agreements rather than basic promissory notes. The additional complexity provides protection justifying higher legal costs for substantial transactions.

Modifying or Canceling Promissory Notes

Circumstances change during loan terms, sometimes requiring promissory note modifications or early cancellation. Understanding proper procedures protects both parties during these adjustments.

Note Amendments

Promissory notes can be amended after execution, but modifications require written agreement signed by both borrower and lender. Verbal modifications lack enforceability and create confusion about actual terms. Common amendments include extending payment deadlines, reducing interest rates, or restructuring payment schedules to accommodate borrower financial difficulties.

Document all amendments formally, referencing the original promissory note specifically. Amendments should identify which provisions are being changed, state the new terms explicitly, and confirm all other original terms remain in full effect. Have both parties sign and date amendment documents.

Early Repayment

Unless promissory notes explicitly prohibit prepayment or impose prepayment penalties, borrowers can generally repay early. However, explicit prepayment rights provisions eliminate ambiguity. State clearly whether early repayment is permitted, whether lenders can charge prepayment penalties, and how partial prepayments are applied to principal and interest.

Forgiveness and Cancellation

Lenders can forgive promissory note debts partially or completely at any time. Debt forgiveness should be documented formally in writing, clearly stating the amount forgiven and whether any conditions attach to forgiveness. Return original promissory notes to borrowers marked “Paid in Full” or “Cancelled” to prevent future enforcement attempts.

Understand that debt forgiveness may create tax implications. Forgiven debt can be considered taxable income to borrowers under certain circumstances. Consult tax advisors before forgiving substantial debts.

Digital and Electronic Promissory Notes

Canadian law generally accepts electronic signatures and digital documents for promissory notes, provided they meet requirements for electronic commerce. Electronic promissory notes offer convenience but require proper implementation ensuring legal validity.

Legal Validity of Electronic Notes

Federal and provincial electronic commerce legislation recognizes electronic signatures and documents as legally equivalent to paper documents when certain conditions are met. Electronic promissory notes require clear intent to sign from both parties, consent to conducting transactions electronically, secure systems preventing unauthorized alterations, and reliable record retention allowing later verification.

Best Practices for Electronic Notes

Use reputable electronic signature platforms with strong security features and audit trails. Ensure all parties understand they are creating legally binding obligations through electronic execution. Maintain secure electronic copies in multiple locations preventing data loss. Consider using platforms specifically designed for financial documents rather than generic electronic signature services.

When to Seek Legal Advice

While simple promissory notes between family members or friends for small amounts might be safely handled with templates, many situations benefit substantially from professional legal guidance ensuring proper documentation and protection.

Situations Requiring Legal Assistance

Consult lawyers for promissory notes involving substantial amounts exceeding $10,000, secured loans requiring collateral documentation and registrations, loans between corporations and shareholders, business acquisition financing, or international parties or cross-border transactions. Professional legal fees for promissory note drafting typically range from $500 to $2,000 depending on complexity, substantially less than costs associated with unenforceable or defective documentation.

For complex commercial lending, business financing, or situations involving regulatory compliance concerns, legal advice proves essential. Lawyers experienced in commercial finance ensure your promissory notes comply with all applicable laws and provide maximum protection.

Frequently Asked Questions

Is a promissory note legally binding in Canada?

Yes, promissory notes are legally binding financial instruments governed by the federal Bills of Exchange Act. When properly executed with all essential elements including written promise, specific amount, signatures, and payment terms, promissory notes create enforceable obligations throughout Canada. Courts routinely enforce properly drafted promissory notes, awarding judgment for outstanding amounts plus interest.

Do promissory notes need to be notarized in Canada?

No, Canadian law does not require notarization for promissory note validity. The borrower’s signature alone makes notes legally binding. However, notarization provides additional authentication and evidentiary weight if disputes arise or court enforcement becomes necessary. For larger loans or higher-risk situations, notarization offers extra protection justifying the modest additional cost.

What is the maximum interest rate allowed on promissory notes in Canada?

Section 347 of the Criminal Code prohibits effective annual interest rates exceeding 60% including all fees, charges, and costs. This federal limit applies across Canada regardless of provincial location. Charging interest above 60% annually can result in criminal prosecution, fines, imprisonment, and complete unenforceability of the promissory note.

Can I use a promissory note template from the internet?

Templates provide useful starting points for simple promissory notes but require careful customization to your specific situation. Ensure templates comply with Canadian law under the Bills of Exchange Act and applicable provincial requirements. For substantial amounts, secured loans, or complex arrangements, have lawyers review or draft notes rather than relying solely on generic templates.

How long is a promissory note valid in Canada?

Promissory notes remain valid indefinitely until paid, forgiven, or enforcement rights expire under provincial limitation legislation. However, time limits for commencing legal proceedings to enforce notes vary by province, typically ranging from two to six years from when payment obligations arise. After limitation periods expire, notes remain valid debts but cannot be enforced through court proceedings.

What happens if someone doesn’t pay a promissory note?

If borrowers default on promissory notes, lenders can pursue various remedies including sending formal demand for payment, commencing civil litigation to obtain court judgment, garnishing wages after obtaining judgment, seizing bank accounts or other assets, and for secured notes, seizing and selling collateral. Successful enforcement depends on proper note documentation and acting within applicable limitation periods.

Can promissory notes be transferred to another person?

Yes, promissory notes are generally negotiable instruments that can be transferred or assigned to third parties. The Bills of Exchange Act establishes requirements for proper transfer including endorsement by the current holder. Negotiability allows promissory notes to circulate as payment instruments, though most personal loans remain between original parties without transfer.

Do I need a lawyer to create a promissory note?

Canadian law does not require lawyers for promissory note creation. Simple loans between trusted parties for modest amounts may be adequately documented using carefully customized templates. However, substantial loans, secured arrangements, commercial financing, or situations involving regulatory compliance benefit significantly from professional legal drafting ensuring proper documentation, enforceability, and compliance with all applicable laws.

Protect Your Financial Interests with Proper Documentation

Promissory notes provide essential legal protection for lending relationships when properly drafted and executed. Clear documentation of payment obligations, interest terms, and repayment schedules prevents misunderstandings and provides legal recourse if borrowers default on their commitments.

Whether you are lending money to family members, documenting business financing, or structuring commercial credit arrangements, take time to create comprehensive promissory notes addressing all essential elements and complying with Canadian legal requirements. The modest time and cost invested in proper documentation prevents exponentially greater expense resolving disputes or attempting to collect on inadequately documented loans.

Download free promissory note templates from our legal template library to begin documenting your lending arrangement. For substantial loans, secured financing, or complex commercial arrangements, schedule a consultation with experienced financial and commercial lawyers who can draft customized promissory notes protecting your interests completely. Our lawyer directory connects you with qualified counsel throughout Canada ready to assist with your financial documentation needs.