TEMPLATE

Manitoba promissory note template

Promissory Notes from C$29 a month. 14-day free trial with 3 notes and up to 5 template downloads. Card required, nothing charged today, cancel anytime. Need just one? One promissory note for C$39, no subscription.

Your Manitoba promissory note has 8 rules to meet. ReportDraft puts every one on your checklist and checks your draft before you sign.

2 years to sue from discovery, 15 years at most
Small claims up to 20,000 dollars since 2025
The 15 years on a demand loan counted from the default (s. 11)

A promissory note template set up for Manitoba. In Word and PDF.

Try the free calculator

REPORTDRAFT.CA

Manitoba Promissory note Template

Lender

Borrower (each person who signs)

Amount lent

Date of the note

Interest rate, per cent a year

How it is repaid

Paying early

Consumer purchase (Bills of Exchange Act s. 190)

Download in Word or PDFIncluded with Promissory Notes and its free trial.

Manitoba rules for this report

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

A proceeding on a claim must not be started more than two years after the day the claim is discovered: the day the claimant first knew or ought to have known of the loss, its cause, who caused it and that a proceeding would be appropriateThe Limitations Act, s. 6 and 7
A claim for money of up to 20,000 dollars, including general damages of up to 2,000 dollars, may be filed under the small claims procedure of the Court of King's BenchThe Court of King's Bench Small Claims Practices Act, s. 3 (1) · Court of King's Bench Small Claims Practices Regulation, s. 1.2
For the 15-year period, a default in performing a demand obligation takes place on the day the default occurs, once a demand for performance is madeThe Limitations Act, s. 11 (1) (e)
Even if the basic period has not expired, a proceeding must not be started more than 15 years after the day the act or omission the claim is based on took placeThe Limitations Act, s. 10 (1)
An acknowledgement of the liability, made in writing and signed before the limitation period expires, starts the period afresh; for a debt, a part payment has the same effect, even without a promise to pay the restThe Limitations Act, s. 20 (1) to (4)

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 Manitoba promissory note requirements.

Free calculatorMANITOBA / FREE CALCULATOR

Repayment schedule

Payment	Date	Amount	Interest	Principal	Balance
1	December 1, 2026	$1,010.02	$15.00	$995.02	$2,004.98
2	January 1, 2027	$1,010.02	$10.02	$1,000.00	$1,004.98
3	February 1, 2027	$1,010.00	$5.02	$1,004.98	$0.00
Totals		$3,030.04	$30.04	$3,000.00

3 monthly payments of $1,010.02, the last adjusted to the cent. Interest at 6% a year, calculated monthly on the unpaid balance.

Checks for the lender (not printed on the note)

What	Result	Rule
Yearly rate stated on the note	6% a year (effective 6.17% with monthly compounding): a rate stated only by the month or week would be capped at 5% a year	Interest Act s. 4
Criminal interest rate	Under the limit of 35% a year (6.17%), counting all fees and charges as interest	Criminal Code s. 347
Last day to sue if the final payment is missed	February 2, 2029 (2 years from the day after the final payment on February 1, 2027); each earlier missed payment runs from its own date	The Limitations Act (Man.) s. 6, 7
A part payment or a signed written acknowledgement	Under the The Limitations Act, starts the period again from that day if made before it runs out	The Limitations Act (Man.) s. 20 (1) to (3)
Where to file for this amount	Court of King's Bench small claims: claims up to $20,000, not counting interest and costs	Court of King's Bench Small Claims Practices Act s. 3 (1); M.R. 283/2014 s. 1.2

Put these details in my promissory note

Sample figures. Change them to work out your own, no sign-up. Then start free and your promissory note opens with these details filled in: 14-day trial, nothing charged today.

Questions

What makes this template specific to Manitoba?

It adds fields for the details local rules call for, and it lists the Manitoba rules to check before you deliver, such as 2 years to sue from discovery, 15 years at most; small claims up to 20,000 dollars since 2025.

How do I download it?

Start your free trial of Promissory Notes and download it in Word or PDF. Promissory Notes from C$29 a month. 14-day free trial with 3 notes and up to 5 template downloads. Card required, nothing charged today, cancel anytime. Need just one? One promissory note for C$39, no subscription.

Does it do the arithmetic?

Yes. Fill it in on ReportDraft and the repayment schedule, the total interest and the rate checks are worked out from your entries, then checked against the Manitoba rules before you sign.