In Bhasin v. Hrynew (“Bhasin”), a decision released on November 13, 2014, the Supreme Court of Canada (the “Court”) significantly changed contract law in Canada by expanding the reach of good faith as a source of contract obligations. Specifically, the Court held that the “organizing principle” of good faith in contract law gave rise to a specific duty of honesty in contractual performance that generally applied to contracts, including commercial contracts.