It is well-established that there are four factors to be considered when determining whether an application for an extension of time should be granted: whether the moving party had a continuing intention to pursue the application; the potential merit to the appeal; prejudice to the opposing party, and the existence of a reasonable explanation for the delay (Canada (Attorney General v. Larkman, 2012 FCA 204 at para. 61, 433 N.R. 184 (Larkman)).
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