How to Read Your Free Credit Report in Canada (2025 Guide)
Your credit report is like your financial report card. Here’s how to get it — and what to look for.
Step 1: Request Your Report
In Canada, you can get your credit report for free:
- Equifax: equifax.ca
- TransUnion: transunion.ca
You’re entitled to one free report per bureau per year, plus more if you apply by mail.
Step 2: Check Your Personal Info
Make sure your name, address, and SIN are correct. Mistakes here can cause mix-ups.
Step 3: Review Accounts
Each line of credit should list:
- Type of account (credit card, loan, mortgage)
- Balance and limit
- Payment history
Step 4: Look for Errors or Fraud
Red flags:
- Accounts you don’t recognize
- Wrong balances
- “Collections” entries that aren’t yours
If you find errors, file a dispute with the bureau.
Step 5: Understand the Score Range
Reports may show your score or just the history behind it. Remember: 660+ is “good”.
Final Word
Checking your credit report doesn’t hurt your score — it protects it.
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