January 22, 2019
TREB:
January 21, 2019
TREB:
Ontario’s new rules will keep the people of Ontario safe now that recreational cannabis has been made legal by the federal government.
OverviewRecreational cannabis was legalized on October 17, 2018 by the Federal Government. Ontario’s Government for the People has put rules in place to keep cannabis out of the hands of children and youth, keep our roads safe and combat the illegal market. Ontario now has laws in place (after extensive public and stakeholder engagement) about how, where and who can buy and possess cannabis in the province. The government is also moving forward with a tightly regulated private retail model for cannabis that would launch by April 1, 2019. Medical cannabis will continue to be subject to different rules than recreational cannabis. If you have questions, comments or feedback about our approach, contact us. Minimum age is 19You must be 19 and older to buy, use, possess and grow recreational cannabis. This is the same as the minimum age for the sale of tobacco and alcohol in Ontario. Where to use itThe government has enacted the following rules for using cannabis, both medical and recreational. Where you can smoke and vape cannabis*
Where you cannot smoke or vape cannabisIndoorsYou cannot smoke or vape cannabis in:
Vehicles and boatsYou cannot consume cannabis (smoking, vaping, eating) in a vehicle or boat that is being driven or is at risk of being put into motion. Other outdoor areasYou cannot smoke or vape cannabis:
If a police officer finds that you are impaired by any drug, including cannabis, you will face serious penalties, including:
Learn what counts as impaired driving and the penalties you could face for it. Zero tolerance for young, novice and commercial driversYou are not allowed to have any cannabis in your system (as detected by a federally approved oral fluid screening device) if you are driving a motor vehicle and:
Where to buy recreational cannabisPeople 19 and over are able to purchase cannabis online through the Ontario Cannabis Store (OCS.ca). Online orders will be delivered safely and securely. Consumers will be required to verify their age to accept delivery and no packages will be left unattended at the door. You are permitted to purchase up to 30 grams (about one ounce) of dried recreational cannabis at one time for personal use. The Ontario Cannabis Store website is the only legal option for purchasing recreational cannabis. It follows strict rules set by the federal government. The government is also moving forward with a tightly regulated private retail model for cannabis that will launch by April 1, 2019. The Alcohol and Gaming Commission of Ontario is the provincial regulator authorized to grant store licences. The Ontario Cannabis Store will be the exclusive wholesaler to these stores. Private stores will be introduced with strict controls to safeguard children and youth and combat the illegal market. How much cannabis you are able to possessYou are able to have a maximum of 30 grams (about one ounce) of dried cannabis in public at any time. Growing cannabisYou are able to grow up to four plants per residence (not per person). Rules for the workplaceOntario has strict rules in place to make sure workplaces are safe. Consuming recreational cannabis in the workplace remains illegal after legalization on October 17, 2018. Employers (and supervisors):
Medical cannabisMedical cannabis is subject to different rules than recreational cannabis. The production and sale of medical cannabis is regulated exclusively by the federal government. If a health care professional has already authorized you to use cannabis for medical reasons, your access has not changed now that recreational cannabis is legal. The only way to purchase medical cannabis is from:
Learn more about accessing cannabis for medical purposes. What you saidOntario consulted extensively to inform the approach to the legalization of cannabis, including with:
Some key results from the survey that informed the plan included:
Home equity lines of credit (HELOCs) are widely sold products but it seems that many borrowers are not fully aware of their terms and conditions.
Over the past 15 years, HELOCs have emerged as the single largest contributor to the growth of non-mortgage household debt in Canada—more than double that of either credit cards or auto loans. A study by the Financial Consumer Agency of Canada (FCAC) shows that most of the 4,800 participants in a HELOC terms knowledge test scored below 50%. The agency is warning that borrowers are risking over-borrowing, persistent debt, and wealth erosion from their uninformed decision making. It’s urging lenders to help educate consumers about the potential downside to HELOC borrowing. "These results point to a pressing need for financial institutions and FCAC to help Canadians realize that not using HELOCs responsibly can have serious repercussions on their financial well-being. Without a repayment plan, consumers may carry debt longer than anticipated and slip into patterns of behaviour that trap them on a treadmill of debt," said FCAC commissioner Lucie Tedesco. Over-optimistic borrowers FCAC says that the average HELOC balance held by around 3 million Canadians was $65,000. However, a quarter of respondents are only repaying interest but 62% of them still believe that they will clear their loan within 5 years. The survey reveals that 19% of respondents had borrowed more on their HELOC than they intended; and younger borrowers (aged 25-34) were more likely to say a $100 increase in the monthly payment would be a struggle to afford. |
WelcomePlease check our blog it will be updated periodically. Categories
All
|