It's definitely worth speaking to a lawyer or paralegal. If you can manage to negotiate your Careless charge down to something else that would only be considered a minor offence and if you can negotiate the speed down to 129, you'd pay some hefty fines and would face an insurance increase, but you'd likely retain your right and ability to drive.
I can't see an Ontario court putting you in jail for these offences, as long as you're able to pay the fines. A lawyer or paralegal would be able to advise you better, though.
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