<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2003-09-09</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001230622</issuerCik>
        <issuerName>CAPITAL RESERVE CANADA LTD</issuerName>
        <issuerTradingSymbol>No Symbol</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001111626</rptOwnerCik>
            <rptOwnerName>DANFORTH JACQUELINE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1530-9 AVENUE S.E.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CALGARY</rptOwnerCity>
            <rptOwnerState>A0</rptOwnerState>
            <rptOwnerZipCode>T2G OT7</rptOwnerZipCode>
            <rptOwnerStateDescription>ALBERTA, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <ownerSignature>
        <signatureName>/s/ Jacqueline Danforth</signatureName>
        <signatureDate>2004-06-21</signatureDate>
    </ownerSignature>
</ownershipDocument>

