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devious9191

Statute of Limitations - Ontario?

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Does anyone know what the SOL in Ontario is? From googling, it appears to be two years, but I don't see anything 'official' with that number.

 

Also how does that apply when you are out of the country or no longer a resident of Ontario?

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http://www.bankruptcycanada.com/limitationacts.htm

 

This site has some decent info and is mostly up to date from what I've read through so far.

 

It says:

Ontario - The Ontario Limitation Act 2002 , came into force on January 1, 2004. It sets two years as the term (Section 4). This limitation will be reinstated where the debtor acknowledges the debt or makes a partial payment towards repayment of his debt. If the default occurred prior to January 1, 2004, the creditor will continue to have 6 years to pursue the claim. However, if the default occurred after January 1, 2004 then the 2-year rule applies.

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"Ontario - The Ontario Limitation Act 2002 , came into force on January 1, 2004. It sets two years as the term (Section 4). This limitation will be reinstated where the debtor acknowledges the debt or makes a partial payment towards repayment of his debt. If the default occurred prior to January 1, 2004, the creditor will continue to have 6 years to pursue the claim. However, if the default occurred after January 1, 2004 then the 2-year rule applies."

 

I found this on http://www.bankruptcycanada.com/limitationacts.htm

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