Alberta promissory note template

Alberta rules for this report

These rules are about how and when you report, not the template's fields. Check them before you deliver.

• A claimant who does not seek a remedial order within 2 years after first knowing, or when they ought to have known, of the injury, that the defendant caused it and that it warrants a proceeding loses the claim once the defendant pleads the ActLimitations Act, s. 3 (1) (a)
• The Alberta Court of Justice hears civil claims for debt or damages of up to 100,000 dollars, not counting interest payable under an Act or by agreementCourt of Justice Act, s. 9.6 (1) (a) · Court of Justice Civil Procedure Regulation, s. 2
• A claim based on a demand obligation arises when a default in performance occurs after a demand for performance is madeLimitations Act, s. 3 (3) (c)
• Whatever the discovery date, the claim is lost 10 years after it aroseLimitations Act, s. 3 (1) (b)
• For a claim to recover an accrued liquidated sum, such as a debt or interest, an acknowledgement or a part payment made before the limitation period expires starts the period again; an acknowledgement is an admission that the sum is due and unpaid and must be in writing and signed by the person liableLimitations Act, s. 8 (1) to (3) and 9 (1)
• A court awards interest on a money judgment from the date the cause of action arose to the date of judgment, but not where there is an agreement between the parties about interestJudgment Interest Act, s. 2 (1), (2) (h)

What is in it

• Promise to payThe promise to pay, in the standard wording filled in with your entries.
• Other termsAnything else the lender and borrower agree: security given, where payments are sent.

Rules last reviewed November 3, 2026. Read the full Alberta promissory note requirements.