Canadian Pre-Authorized Debit (PAD) Agreement Template
Effective Date: August 20, 2025
Important Note:
In this agreement, "BUSINESS_NAME" will be replaced with the name of the specific school or organization you are signing this Pre-Authorized Debit Agreement with. This is a template used by schools that use the Kanri platform for their payment processing.
By accepting this Pre-Authorized Debit ("PAD") Agreement, you authorize BUSINESS_NAME to debit the specified bank account at an institution that is a member of the Canadian Payments Association, doing business as Payments Canada, for any amount owed for charges arising from the use of services or purchase of products from BUSINESS_NAME in accordance with this PAD Agreement.
You agree that any debit withdrawal by BUSINESS_NAME for the use of services or purchase of products from BUSINESS_NAME is a PAD for personal purposes, as defined in Rule H1 of Payments Canada.
The amount of any PAD may vary and be based on the amount owed by you from time to time to BUSINESS_NAME. BUSINESS_NAME will debit the specified account when any payment or invoice becomes due.
You waive the right to receive pre-notification and prior confirmation of the amount or timing of any PAD. You further agree that you do not require advance notice of the amount or timing of any PAD before the debit is processed.
You waive the right to receive debit notification emails or other forms of notification from BUSINESS_NAME.
You agree that the first PAD due may be debited from your account immediately upon acceptance of this PAD Agreement. You will receive confirmation of this PAD Agreement within five calendar days after the date of the first PAD.
You have certain recourse rights if any debit does not comply with this PAD Agreement. For example, you have the right to receive reimbursement for any debit that is not authorized or is not consistent with this PAD Agreement. To obtain more information on your recourse rights, contact your financial institution or visit www.payments.ca.
You may cancel this authorization at any time by providing BUSINESS_NAME with thirty days' prior notice. To obtain a sample cancellation form, or further information on canceling a PAD Agreement, please contact your financial institution or visit www.payments.ca.
BUSINESS_NAME partners with Stripe to provide payment processing.