How-to
How 0% Phone Financing Works in Canada (and the Catch)
24 payments, no interest, on approved credit. What 0% phone financing really costs, the return option, and what happens if you leave early.
0% phone financing in Canada splits the price of a new phone into 24 monthly payments with no interest, on approved credit. The payment is added to a postpaid plan bill, and taxes are usually paid upfront. The catch: you are tied to that plan for the phone, and if you leave early you pay off what is left on the phone. Some offers also have a return option, where you give the phone back at the end to get a lower monthly price.
Is phone financing worth it?
- Good deal if you want a new flagship, plan to keep the plan for 2 years, and would rather not pay $1,000+ at once.
- Skip it if you want to switch plans freely, have no credit history, or a refurbished phone does the job. Buy outright and pick any plan.
- Our offer: phones on 0% financing, with a postpaid plan from select Canadian carriers. We call you and handle the setup.
How it works, step by step
- Pick the phone, storage and colour.
- Pick a postpaid plan. Financing only comes with a postpaid plan. See our postpaid plans.
- Credit check. The carrier approves the account and the financing.
- Pay taxes upfront. Then $0 down on the phone itself.
- 24 monthly payments at 0%. They appear on your plan bill. You pay the phone price, nothing extra in interest.
- At the end: the phone is paid off. With a return option, you either give it back in good working condition or pay the remaining balance and keep it.
What financing costs on our phones
Lowest storage, monthly phone payment with an eligible plan, checked October 23, 2026. The plan is billed on top, and prices can change.
| Phone | Storage | From |
|---|---|---|
| iPhone 17e | 256GB | $42.79/mo |
| iPhone 17 | 256GB | $38.96/mo |
| iPhone 17 Pro | 256GB | $37/mo |
| iPhone Air | 256GB | $48/mo |
| iPhone 18 Pro | 256GB | $43.71/mo |
| Galaxy S26 | 256GB | $10/mo |
| Galaxy S26 Ultra | 256GB | $30/mo |
| Galaxy S25 FE | 128GB | $14.54/mo |
Monthly prices from our phones on 0% financing page. Some prices use the return option. Taxes are due upfront. Subject to carrier approval and terms, including a credit check. Every phone ranked: the cheapest phones on financing.
The fine print to read before you sign
Leaving early
Cancel the plan before 24 months and the rest of the phone balance is due. Under the CRTC Wireless Code, that balance is the most a carrier can charge you to leave.
Return option
A lower monthly price if you hand the phone back at the end in good working condition. Keep it and the remaining balance becomes due.
Plan price
The phone is 0%, but the plan still matters. A $20 a month higher plan costs $480 over 24 months.
Unlocking
Phones sold in Canada are sold unlocked, even on financing. You can use a travel SIM, but leaving the plan still means paying off the phone.
Financing a new phone vs buying refurbished
| New on 0% financing | Refurbished, bought outright | |
|---|---|---|
| Upfront | Taxes, $0 down on the phone | The full price, once |
| Credit check | Yes | No |
| Plan | A postpaid plan for the phone term | Any plan, including prepaid |
| Leaving early | Pay off the phone balance | Nothing owed |
| Phone | Brand new, latest models | Inspected, tested and unlocked, in several grades |
Example prices today: a refurbished iPhone 17 is from $1,159.99, and a Galaxy S25 from $659.99. Pair one with our prepaid plans and save $25 on an eligible phone.
iPhone 17
À partir de $1,159.99Acheter d'occasion →
Samsung Galaxy S25
À partir de $659.99New: $859.00Acheter d'occasion →
Google Pixel 10
À partir de $679.99Acheter d'occasion →
Questions people ask
Is 0% phone financing really 0%?
Yes, on approved credit there is no interest on the phone. You pay the phone price over 24 months. Taxes are usually paid upfront, and the plan is billed separately.
Does phone financing affect my credit?
There is a credit check when you apply. After that, it is part of your plan account, so paying the bill on time matters.
Can I pay off my financed phone early?
Usually yes. Ask the carrier for the remaining balance. Paying it off does not have to end your plan.
What happens if I cancel my plan early?
The remaining phone balance is due. Under the Wireless Code, carriers cannot charge more than that to cancel.
What is the return option?
A lower monthly price in exchange for returning the phone in good working condition at the end of the term. If you keep it, you pay the remaining balance.
Can I finance a phone on prepaid?
No. Financing only comes with a postpaid plan. On prepaid, buy the phone outright, new or refurbished.
Can I finance with no credit history?
It may be hard, because financing needs credit approval. A refurbished phone and a prepaid plan need no credit check.
Which phones can I finance?
We offer the latest iPhone, Galaxy and Pixel models. See all phones on 0% financing.
Rules: the CRTC Wireless Code. Our plan prices checked October 23, 2026, before tax.
Prices by brand: iPhone per month, Samsung Galaxy per month and Google Pixel per month. Or see the cheapest phones on financing and finance vs refurbished, the 2-year math.
Next: compare prepaid vs postpaid, or see phones on 0% financing.
Évitez le prix du neuf
Procurez-vous le iPhone 17 d'occasion à partir de $1,159.99, testé par de vrais techniciens, avec une garantie de 90 jours à 1 an selon l'état et des retours sous 14 jours.
