Elizabeth Jane Sale

Elizabeth is a partner in the Toronto office specializing in the regulation of financial institutions and other financial services providers, including banks, foreign banks, captive finance companies, payday lenders, insurance companies, trust companies, loan companies, participants in the payment card industry and fintechs.

She has particular expertise in both federal and provincial consumer protection and cost of borrowing legislation, including the application of these laws in the online environment, and routinely assists clients with their retail product offerings.

Elizabeth frequently assists vehicle and equipment lessors and financiers in developing and modernizing their customer-facing agreements (consumer and commercial) and provides advice on motor vehicle dealer legislation. She also provides advice on debt collection, credit reporting, unclaimed property, anti-money laundering, anti-terrorism financing and sanctions laws. Elizabeth was seconded to the retail banking group of a major Canadian bank in 2014.

The framework aims to provide eligible applicants a more efficient pathway to becoming a federally regulated financial institution.

Consumer protection reforms in Québec, Ontario, British Columbia, and New Brunswick will require suppliers to update online sales practices in 2026.

The financial institutions M&A market was robust in 2025, with a number of marquee transactions in Canada.