Government of Canada / Gouvernement du Canada
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Prepaid Payment Products Regulations

Version of section 1 from 2014-05-01 to 2022-06-28:

Marginal note:Definitions

 The following definitions apply in these Regulations.


institution means any of the following:

maintenance fee

maintenance fee means a fee in relation to a prepaid payment product that is charged after the product has been purchased, other than a fee associated with the holder’s use of the product or of any service related to it. (frais de tenue de compte)

prepaid payment product

prepaid payment product means a payment card, whether physical or electronic, that is — or can be — loaded with funds and that can be used by the card holder to make withdrawals or purchase goods or services.  (produit de paiement prépayé)

promotional product

promotional product means a prepaid payment product that is purchased by an entity and distributed as part of a promotional, loyalty or award program. (produit promotionnel)

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