Security Deposit Escrow Software — Central Rentals Canada
Built for Canada · From CA$5/mo

Automated Security Deposit Escrow Software for Canadian Property Managers

Ontario's LTB, BC's RTB, Québec's TAL and every other provincial regulator require landlords to hold security deposits in trust and pay tenants annual interest. Central Rentals tracks every deposit in a segregated CAD ledger, calculates the correct provincial interest rate automatically, and generates the move-out reconciliation letter in one click.

The pain today

  • Ontario requires interest at the guideline rate every year — miss it and the tenant can withhold rent
  • BC + QC prohibit deposits from being mixed with your operating account
  • Move-out disputes rely on receipts you kept on a spreadsheet — half get lost
  • US software (Buildium, AppFolio) has no idea how Canadian trust rules work

How Central Rentals solves it

Segregated CAD trust ledger

Every deposit is tagged to a unit + tenant + province and never mixed with operating cash. Ledger exports to CSV or QBO in one click.

Auto-calculated provincial interest

The current provincial rent-increase guideline is applied every anniversary. Ontario: 2.5%. BC: 3.0%. Manitoba: 3.0%. Auto-updated as regulators publish new rates.

Move-out reconciliation letter

One click generates the province-specific reconciliation letter with itemized deductions, remaining balance, and interest owed — legally admissible in tribunal.

Audit-grade receipts

Every deposit event (received, interest applied, deducted, refunded) has a timestamped receipt with tenant e-signature.

Frequently asked

Is a security deposit escrow required in Canada?

Yes in Ontario, BC, Manitoba, and most provinces — the deposit must be held separately and interest paid annually. Central Rentals handles this automatically per province.

What is the security deposit interest rate in Ontario?

It matches the annual rent-increase guideline set by the LTB. For 2025 it's 2.5%. Central Rentals updates the rate the day the LTB publishes it.

Can I use Central Rentals if I only have one rental?

Yes — the Basic tier at CA$5/month covers 1 unit and includes full deposit escrow tracking.

Ready in 5 minutes.

Cancel any time. Paid plans from CA$5/month. Cancel anytime. Then CA$5/month.

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