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IOU / Acknowledgement of Debt (Ontario)
NextGen Docs form ND-1024. Search ND-1024 on docs.ngz.ca to make this document again.
A short signed note that says how much someone owes you.
Start this document FreeHow it works
What you will fill in
- Borrower's full name (who owes the money)
- Who is owed the money?
- Amount owed ($)
- What is it for?
- Date signed
Good to know
- Ontario: a signed acknowledgement like this restarts the 2-year time limit for collecting the debt.
Help in your language
Every question comes with help like this. For example, “Borrower's full name (who owes the money)”:
English: The person who must pay the money back.
اردو: جو شخص رقم واپس کرے گا۔
ਪੰਜਾਬੀ: ਜੋ ਵਿਅਕਤੀ ਪੈਸੇ ਵਾਪਸ ਕਰੇਗਾ।
हिन्दी: जो व्यक्ति पैसे वापस करेगा।
Français: La personne qui doit rembourser l'argent.
Questions people ask
How much does the IOU / Acknowledgement of Debt cost?
It is free to fill in, preview and download.
Can I fill in the IOU / Acknowledgement of Debt in Urdu, Punjabi, Hindi or French?
Yes. The finished document is in English, but every question has plain help in English, Urdu, Punjabi, Hindi and French, and you can speak your answers.
Do I need a lawyer?
Many people use this document on their own. If your situation is complicated, or a lot of money or your home is involved, talk to a lawyer or licensed paralegal. In Ontario, the Law Society Referral Service (findlegalhelp.ca) gives a free 30-minute consultation.
Is my information private?
Only you can see your answers. They are saved on your device, and in your own account if you sign in, so you can finish on another device. NextGen Docs is not a law firm and does not give legal advice.