How is the "5 years from obtaining PhD" limit for Canadian postdocs counted?

[fdls2011]

I understand that Canadian universities apply the "5 years from obtaining PhD" limit to postdocs. However, I am confused about exactly how this is counted. Specifically, do I have to
1) GET the postdoc position within 5 years of defending my PhD thesis, or
2) FINISH the postdoc contract within these 5 years?

Thank you!

 

[scylla]

I understand that Canadian universities apply the "5 years from obtaining PhD" limit to postdocs. However, I am confused about exactly how this is counted. Specifically, do I have to
1) GET the postdoc position within 5 years of defending my PhD thesis, or
2) FINISH the postdoc contract within these 5 years?

Thank you!

See below:

https://uwaterloo.ca/graduate-studies-postdoctoral-affairs/welcome-postdoctoral-affairs/postdoc-guidelines