How much is the security deposit in Canada?
Security deposits are limited by provincial law. Ontario: landlords may only collect a last month's rent (LMR) deposit — no separate security deposit. BC: maximum half a month's rent for a damage deposit, plus a half-month pet damage deposit. Alberta: maximum one month's rent. Quebec: damage deposits are prohibited. Saskatchewan and Manitoba: maximum one month's rent.
When must a security deposit be returned in Canada?
Return deadlines: Ontario — LMR is applied to the last month; no cash return required unless overpaid. BC — 15 days after vacancy or 15 days after receiving the forwarding address, whichever is later. Alberta — 10 days after lease end. Saskatchewan — 7 days after vacancy. Landlords who fail to return deposits on time may face penalties from the provincial tenancy tribunal.
Can a landlord deduct from a security deposit in Canada?
Landlords may only deduct for unpaid rent or actual property damage beyond normal wear and tear. They cannot deduct for: normal wear and tear (faded paint, worn carpet from regular use), pre-existing damage documented at move-in, or cosmetic upgrades. Landlords must provide itemized written reasons and receipts for any deductions. Disputes over deductions are resolved through the provincial residential tenancy tribunal.