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Think there might be some confusion on what the CRTC's Wireless Code of Conduct actually means for consumers, all they mandated was that carriers can no longer offer 3 year terms & that by June 2015, all customer contracts must be compliant with the new rules. If you're on a 3-year contract right now, nothing has changed and you are still held to the original terms you agreed to.
FYI, if/when you choose to renew, TELUS will ask you to spend >$70/month on a 2-year term vs. the old minimum of $50/month on a 3-year term.
It appears nearly everyone saw the low price for 3 years and all contracts became 3 years. The main problem is many smartphones with non-removable batteries (aka iPhone 3) would fail after 18 months. Thus complaints to get out of contracts and we now have shorter contracts, but higher rates.