Canadians can cancel phone contracts without penalty after two years under new wireless code
In a surprise move Monday Canada’s telecom regulator introduced a set of rules that could spell the end of much maligned three-year cellphone contracts in this country.
The Canadian Radio-television and Telecommunications Commission published the final version of a national code of conduct for wireless carriers that it says will allow consumers to get out of their cellphone contracts after two years without cancellation fees even if they signed on to a longer term.
“After two years Canadians can choose to walk away from their agreements. For those who have subsidized devices, the amortization period is capped at two years,” he said in an interview Monday morning. “As part of a more dynamic marketplace, Canadians will be able to choose a new carrier or re-bargain with their existing one.” (Nicolas Asfouri/AFP/Getty Images)