No. Your bank is breaking the law if they cancel or refuse to open a bank account for you because you have been, or are, in bankruptcy. If you believe that a financial institution has breached (broken) this law, contact the Financial Consumer Agency of Canada. You can also make a complaint with the Ombudsman for Banking Services and Investments (OBSI) – an independent organization that investigates consumer complaints against financial services providers, including banks. Last Reviewed: October 2020