Legal Remedies

Disclaimer: These articles are intended to provide only general legal information, not legal advice; for advice specifically about a particular case, consult a lawyer.

Demand Promissory Notes and the (New) Ontario Limitations Act

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Hare v. Hare (218 O.A.C. 164), a December 2006 decision of the Ontario Court of Appeal, has important ramifications for the use of demand promissory notes in tax planning. Legal and tax planners should be aware that standard drafting language used in promissory notes may bring about unintended consequences.


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Source: Tax & Trusts Group at Cassels Brock

Published under: Legal Remedies
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Disclaimer: These articles are intended to provide only general legal information, not legal advice; for advice specifically about a particular case, consult a lawyer.