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Glossary Term

PPSA Registration

The public record of a lender's security interest in financed equipment.

All glossary terms

In short

Under Canada's Personal Property Security Act (PPSA), a PPSA registration is the public record of a lender's security interest in financed equipment. It establishes the lender's claim and priority until the debt is repaid.

What PPSA registration does

When you finance equipment in Canada, the lender registers its interest so the claim is public and enforceable:

  • Records the lender's security interest in the specific asset.
  • Establishes priority if there are multiple claims on the equipment.
  • Is searchable, so buyers and other lenders can see existing claims.
  • Is discharged once the financing is repaid in full.

Why it matters to you

A PPSA search is essential when buying used equipment — it reveals whether an asset already carries a lender's claim, so you don't take on someone else's debt. When your own financing is paid off, confirm the registration is discharged so the equipment's title is clear. It's the mechanism behind the lien on your deal.

Common questions

Should I do a PPSA search before buying used equipment?

Yes. A PPSA search shows whether the asset already has a registered security interest, so you don't unknowingly buy equipment with a lender's claim on it.

When is the PPSA registration removed?

When your financing is paid in full, the lender discharges the registration, clearing the security interest from the asset.

General information only. This page is educational and does not constitute financial, legal, or tax advice. All financing is subject to credit review and lender approval. Rates, terms, and eligibility vary by applicant, asset, and lender, and are not guaranteed. Any figures or examples are illustrative. Please speak with a qualified advisor about your specific situation.