Penalty/Relief - Two Sides of the Same Mortgage Interest Coin When it Comes to Offending S.8 of the Interest Act


The Supreme Court of Canada issued its reasons today in Krayzel Corp. v. Equitable Trust Co., 2016 SCC 18, adding some clarification to a mortgage lender’s right to protect itself from the increased commercial risk associated with a defaulting mortgagor through the use of interest rates, given s. 8 of the Interest Act.

For full article, please see the above pdf.