Getting Paid Faster: RIA Canada Releases Prompt Pay Position Paper
The Restoration Industry Association (RIA) Advocacy and Government Affairs (AGA) Canada has released its first Prompt Pay Position Paper, a vital resource to help restoration professionals understand and navigate prompt payment legislation across Canada.
Prompt payment laws have been enacted federally and in Ontario, Saskatchewan, and Alberta, with additional provinces considering similar measures. While the core goal of ensuring fair and timely payment for contractors is consistent, each jurisdiction has unique nuances in how these laws apply. Understanding these differences is critical for restoration contractors seeking to improve cash flow, reduce payment disputes, and protect their business stability.
The Prompt Pay Position Paper outlines what restorers need to know about timelines, dispute resolution frameworks, and documentation requirements under these evolving laws. It equips restoration professionals with practical insights for negotiating contracts, managing receivables, and advocating for their rights.
Next Steps for Restoration Contractors
Restoration professionals are encouraged to review this position paper and share it with their teams to ensure readiness as prompt payment laws expand across Canada. Staying informed will help restorers negotiate fair terms, protect cash flow, and continue delivering services confidently in a changing regulatory environment.