What is not shown?

Your Canadian credit report does not include medical history, nor does it include any of the following:

  • Purchases not made on credit.
  • Debts for which you are not personally liable. (For example, debts of your business, in some cases.)
  • Debts with creditors that chose not to report to the credit bureau. Some lenders are not members of both Equifax and TransUnion, or they are too small to report on a regular basis.
  • Race, creed, colour, ancestry, ethnicity or political affiliations.

Chequing and savings accounts are not normally shown, except in cases where they have been “closed for cause” because of fraud or unrecovered negative balances.

Though they could be important considerations when applying for a loan, your income and assets are not on your credit report.

Items that you pay on a month-to-month basis, such as rent, phone and utilities, generally are not considered credit accounts, since you pay as you go and the services could be quickly shut-off. They will probably not show up on your credit unless unpaid amounts have been written off, or sent to a collection agency.

Listings of accounts with derogatory information must be removed after a period of time. It’s usually 6 or 7 years, depending on the type of account, and the province or territory. If you have multiple bankruptcies, they may be shown for up to 14 years.