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Many US businesses conduct cross-border transactions with Canadian trading partners. These transactions may involve a security interest in the assets of a Canadian debtor. While Canadian secured transactions law is similar to US state law under Article 9 of the Uniform Commercial Code (UCC), there are some significant differences that can create confusion for creditors. Secured creditors must understand how to comply with the perfection and priority rules in Canada or they could find their security interests at risk. Acquire a basic understanding of secured transaction, perfection and priority rules under Canada’s Personal Property Security Act (PPSA), including differences between the UCC and PPSA in terminology, filing rules and search practices, as well as the special rules for Ontario and Quebec.

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Region: Canada , United States
The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.
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