Accrued interest can form part of trust funds under Ontario’s Construction Act
Last month, the Ontario Court of Appeal confirmed that accrued interest can form part of the contractor’s and subcontractor’s trusts created by s.8 of Ontario’s Construction Lien Act, R.S.O. 1990, c. C.30 (now amended and renamed the Construction Act, R.S.O. 1990, c. C.30).