Little behind the times, eh Canada?

(TMZ) — 26 years after the Dire Straits classic hit “Money for Nothing” first hit the airwaves . . . the song has been ruled “too offensive” to be broadcast on Canadian radio . . . because of a homophobic lyric.

The issue first arose last year, after someone filed a complaint explaining that the song contained the homophobic F-word . . . three different times.

The Canadian Broadcast Standards Council ruled that the word is indeed offensive — and ordered radio stations to use an edited version of the song.

The CBSC explained that societal values have “shifted” since the song debuted . . . and “the broadcast of the song in 2010 must reflect those values, rather than those of 1985.”