A security deposit is a sum of money that is paid by a resident to the landlord usually before a tenancy commences. This deposit is held by the landlord and is returned at the end of the tenancy to the resident. The landlord can use the security deposit to apply against unpaid rent arrears, and other charges (i.e. if the resident causes damages in the unit beyond normal wear and tear). Unclaimed security deposits are returned to the resident within a specified period of time of their lease termination.  This varies from province to province 

BC – a maximum of half the monthly rent 

AB – a maximum of one month’s rent 

On – Not permitted  

NS – maximum of half the monthly rent 

PE – a maximum of one month’s rent 

SK – a maximum of one month’s rent 

QC – Not permitted