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.
Federal - Section 32 of the Crown Liability and Proceedings Act sets 6 years as the limit for debt.
Federal - Section 32 of the Crown Liability and Proceedings Act sets 6 years as the limit for debt.