Formalize a loan between individuals or businesses in Canada with our free Promissory Note template. This document complies with the Bills of Exchange Act (R.S.C., 1985, c. B-4) and the Interest Act (R.S.C., 1985, c. I-15), includes the Criminal Code section 347 criminal interest rate disclosure, and references the Bankruptcy and Insolvency Act. Supports interest-bearing and interest-free options, lump-sum and installment repayment schedules, late payment penalties, and province-specific governing law.