Financial Services & Insolvency Communiqué

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May 9, 2016

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Case Summary: Krayzel Corp. v. Equitable Trust Co., 2016, S.C.C. 18 (released 2016-05-06)

Michael J. Morcom

This is the first decision of the Supreme Court of Canada to assess whether “incentive rates” (i.e., where the interest rate secured by a mortgage is reduced if the mortgagor does not default) violate section 8 of the Interest Act,...


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