Payments Canada seeks feedback on policy proposals for Canada’s Real-Time Rail

Published: September 11, 2020

As a step forward to introducing Canada’s new real-time payment system, the Real-Time Rail (RTR) in 2022, Payments Canada is seeking feedback on policy proposals, outlined in the following Canada’s New Real-Time Payment System Policy Framework consultation paper

Introducing the RTR answers the need - as identified in the Vision for the Canadian Payments Ecosystem - for a robust, always-on payment option that allows funds to be immediately available to recipients. Establishing a sound legal framework made up of by-laws, rules and standards governing participation in and the operation of the new system is foundational to its introduction. 

Help inform Payments Canada’s Modernization efforts and the policies that will form the foundation of a real-time payment system. Share comments and feedback on the policy proposals by emailing The deadline for consultation feedback is October 30, 2020.

For an additional understanding of the benefits of real-time payment and RTR use cases, visit: