Review Your Files – The Ultimate Limitation Period is Arriving Soon
As of January 3, 2019, actions arising from acts or omissions that occurred prior to January 1, 2004, are statute barred by virtue of s. 15 of the Limitations Act, 2002, even if these errors were not discoverable before January 1, 2019. There will be very few exceptions.
We strongly suggest that you review your files for claims based on errors or omissions which occurred before January 1, 2004, but only recently discovered and for which no claim has been issued. We suggest that the claim be issued immediately. The last “safe” date for commencing such claims is January 2, 2019.
LAWPRO’s Debra Rolph and Daniel Zacks of Clyde & Co Canada LLP explain in this article from the December 2018 LAWPRO Webzine.