Real possibilities start now
Canada's Real-Time Rail is here.
Canada's new Real-Time Rail is officially live, bringing 24/7 payment infrastructure to the national economy.
We are Payments Canada
We are responsible for Canada's payment clearing and settlement infrastructure, including associated systems, by-laws, rules and standards.
Real-time payments have arrived in Canada
Canada has launched the Real-Time Rail, bringing 24/7 payment infrastructure to the national economy. The launch of Canada’s RTR marks a major milestone in modernizing the critical infrastructure that underpins Canada’s economy and future growth.
A Team Canada effort
Bringing critical national infrastructure from vision to reality is a shared achievement of many organizations and individuals. To our delivery partners, regulators, launch participants, member institutions, employees and the broader financial ecosystem: thank you.
Connecting a fluid and vibrant economy
The Canadian economy depends on the exchange of billions of dollars each day. Payments Canada ensures that these financial transactions in Canada are carried out safely and securely. In 2025, Payments Canada systems cleared and settled $103 trillion or $411 billion every business day.
