Borrowing in Jackson's Arm, Newfoundland and Labrador

Jackson's Arm, Newfoundland and Labrador, recorded a population of 277 in the 2021 Census; the rules that govern a loan signed there are provincial.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. An application usually asks for identification, income evidence, banking details and a statement of obligations.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

The census figures for Jackson's Arm

The 2021 Census counted 277 residents in Jackson's Arm. 7.1 square kilometres of land are attributed to Jackson's Arm.

On those two figures, density is 39.2 residents per square kilometre when rounded to one decimal place.

Among covered Newfoundland and Labrador places, Jackson's Arm sits at rank 231 by population.

Jackson's Arm is one of 322 places listed for Newfoundland and Labrador, ranked 231 by population and measured at 7.1 square kilometres.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

A payday advance in Newfoundland and Labrador falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

Nothing on the Jackson's Arm page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The land area recorded for Jackson's Arm is 7.1 square kilometres, and the population is 277 residents in the 2021 Census.

Where a figure for Jackson's Arm could not be verified, the page names the publisher instead of printing a number.

At 277 residents in the 2021 Census, Jackson's Arm is listed alongside the other covered places in Newfoundland and Labrador.

Readers comparing Jackson's Arm with another community can use the same four census fields.

For Jackson's Arm, the two census fields above are the only local statistics used anywhere on the page.

Jackson's Arm ranks 231 by 2021 Census population among the covered places in Newfoundland and Labrador.

Jackson's Arm is one of 322 covered Newfoundland and Labrador places, counted at 277 residents with a land area of 7.1 square kilometres.

The density figure for Jackson's Arm, 39.2 people per square kilometre, is calculated from the population and land area above.

The Jackson's Arm page follows the same structure as every other place page, with population, land area, density and rank.

Jackson's Arm sits at rank 231 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.