Tolling Agreement Ontario Precedent

Generally, in Ontario, limitation periods for civil suits are governed by the Aariste Limitations Act, which provides for a limitation period of two years (instead of five in the United States). and six under the Securities Act) from the date of detectability. The Statute of Limitations also allows agreements to suspend or extend the limitation period, i.e. toll agreements. There is no prescribed time limit for extending a restriction, but toll agreements require both a clear and unequivocal request and confirmatory acceptance, as recently in PQ Licensing S.A. v. LPQ Central Canada Inc., 2018 ONCA 331. A toll agreement sets a deadline for the parties to negotiate before a plaintiff has to take legal action to enforce legal rights. As a rule, no party wants to spend energy and money to prove their case in court.