[ken0042]

Also be aware of the statute of limitations on debt collection.

On a basic claim of liability, it states that a debt is good for two years “after the date on which the claimant first knew, or in circumstances ought to have known” of the amount owed. This allows two years for legal action.

There is also an absolute limit for a debt of “10 years after the claim arose”, negating a judgment after ten years if not enforced.

As with other provinces, the date of limitation can be “reset” by a payment or acknowledgement of the debt.

Basically they have two years to start collection of the debt. Often they will do things to try to get you to acknowledge the debt. Ask you to show proof of identity, partial payment, etc. I also know of an instance where they offered to lowered the amount owed by 60% upon proof of a failed loan application to pay off the debt.