EXHIBIT 5

November 20, 2009

Board of Directors of

True North Finance Corporation:

You have requested that we furnish to you our legal opinion with respect to the legality of the notes of True North Finance Corporation (the “Company”) covered by the Form S-1 Registration Statement to which this is an exhibit and which is to be filed with the Securities and Exchange Commission (“SEC”) by the Company on or about the date hereof for the purpose of registering the above units under the Securities Act of 1933.

We are furnishing in this letter our legal opinion concerning the above. In connection with this opinion, we have examined the above Form S-1 Registration Statement in substantially the form in which it is to be filed with the SEC, the Articles of Incorporation, as amended, and Bylaws, as amended, of the Company, applicable Board of Directors resolutions of the Company, a Certificate of Corporate Officer, the applicable statutes of the State of Delaware, and such other documents and records which we deemed relevant in order to render this opinion. We have assumed the authenticity and completeness of all records, certificates and other instruments submitted to us as originals, the conformity to original documents of all records, certificates and other instruments submitted to us as copies and the correctness of all statements of fact contained in all records, certificates and other instruments that we have examined.

Based upon and subject to the foregoing, it is our opinion that when issued and resold in accordance with the transactions described in the above Registration Statement and Prospectus thereunder, the above units of the Company will be legally issued, fully paid and non-assessable under Delaware law.

We hereby consent to the filing of this opinion as an exhibit to the above Registration Statement and to the use of our name wherever it appears therein.

Very truly yours,

DC LAW CHARTERED

/s/ Scott R. Carlson