Lawyers will be familiar with Hare v. Hare, 2006 CanLII 41650, in which the Ontario Court of Appeal held that the limitation period for a demand note began to run with its delivery not with default, much to the consternation of the Ontario bar. The Ontario legislature moved quickly to amend the Limitations Act, 2002 with retroactive effect to January 1, 2004, so that the limitation period begins to run with default. For a useful summary, see this article in The Lawyer’s Weekly.
