What’s a Good Credit Score in Canada (and How to Get One)?

A good credit score in Canada is generally between 660 and 724.

Scores from 725 to 759 are considered very good, while 760 and above are considered excellent.

You don't need a perfect score to have good credit—the goal is to build a strong history of managing borrowed money responsibly.

KOHO Credit Builder

KOHO Credit Builder is designed to help Canadians establish or build their credit history through consistent monthly payments, without relying on a traditional credit card.

With KOHO Credit Builder, you can:

• +74 points average credit score increase seen using our credit building tools*

• Get approved without a hard credit check or minimum deposit

• Pay no interest on the line of credit

• Track your credit score and credit report directly in the KOHO app

• Build your credit history with monthly payments reported to the credit bureaus

What Is Considered a Good Credit Score in Canada?

Credit scores in Canada generally range from 300 to 900. The higher your score, the stronger your credit profile may appear to lenders.

According to Equifax, credit scores can generally be grouped as:

• 760–900: Excellent

• 725–759: Very good

• 660–724: Good

• 560–659: Fair

• 300–559: Poor

Different lenders may use their own criteria when deciding whether to approve you, so a particular credit score doesn't guarantee approval for a loan or credit card.

Is 700 a Good Credit Score in Canada?

Yes. A 700 credit score is generally considered good in Canada because it falls within Equifax's 660–724 range.

If your score is already around 700, continuing to make payments on time and managing your available credit responsibly can help you maintain or potentially improve it.

How Do You Get a Good Credit Score?

There isn't one action that will instantly give you a good credit score. Building credit typically comes from consistently managing your accounts well over time.

Pay Your Bills on Time

Your payment history is the most important part of your credit score, according to the Financial Consumer Agency of Canada (FCAC). Make your payments by their due dates and at least make the minimum payment if you can't pay the full balance.

Keep Your Credit Utilization Below 30%

Try to use less than 30% of your available credit. For example, if you have a $5,000 credit limit, try to keep the amount you use below $1,500.

Using a large portion of your available credit can make lenders view you as a higher-risk borrower, even if you pay your bills on time.

Keep Older Credit Accounts Open

The longer you've had a credit account open and in good standing, the more credit history you have. Consider keeping older accounts open and using them occasionally to maintain your credit history.

Limit Credit Applications

Applying for a lot of credit within a short period can result in multiple hard inquiries on your credit report. Hard inquiries count toward your credit score, so only apply for credit when you actually need it.

How Long Does It Take to Get a Good Credit Score?

There is no set amount of time it takes to reach a good credit score. Your score is based on the information in your credit report, including your payment history, how much credit you're using, the age of your accounts and recent credit applications.

Instead of focusing on reaching a particular score as quickly as possible, focus on consistently paying on time and using credit responsibly. Over time, those habits can help you build a stronger credit profile.

^{*Based on users with a starting score of 450 or under and who used all of our credit building tools (i.e. Credit Building, Secured Credit Building) for 12+ months with on time payments. Credit building tools we offer are not a credit repair tool and does not guarantee an improvement in credit score. Credit scores are based on complex models involving a variety of factors. Consistent on-time payments help improve scores and missed or late payments may cause credit scores to decrease. Outcomes may vary among users.}