third party liability is mandatory for renting company in canada, so damage on the other car will be paid by insurance company of rental company. For damage of your car, if you didn't buy collision insurance, you have to be responsible for all cost of damage ($1500 is not big number, it all depends on rental company policy and how bad the damage is, the worst case I have seen, a pinpoit chip on windshield cost $1000, charged by Budget YVR). call rental company right away, they will advise you what to do next. Do not admit your fault, do not negotiate with the other party at all.
call rental company right away, they will advise you what to do next. Do not admit your fault, do not negotiate with the other party at all.