The cancellation of a Payor's PAD Agreement does not change any existing obligations between a payor and a company under a broader contract for goods or services. For example, if a payor has signed a 1-year
lease and initially agrees to make monthly payments by PAD, the payor can cancel the PAD Agreement at any time, but must make arrangements with the company to use another form of payment.
Source: Payments Canada
Learn more
Visit the Payments Canada website.