The following changes have been made to the Income Damages Calculator since its initial release:
Sep 26, 2008
Updated the tax rates, credits and brackets for the 2008 provincial and federal budgets for jurisdictions in which loss of income calculations should be done on an after-tax basis. These changes are integrated with assistance from Calgary's Deloitte & Touche accounting office
Sep 26, 2008
The "negative contingencies" field in both the without- and with-incident screens include a disability contingency. This has been updated with data from the Canada Pension Plan. We use the Office of the Superintendent of Financial Institutions Canada's Actuarial Report (23rd) on the Canada Pension Plan as at 31 December 2006. For additional information on how the CPP data is converted into a disability contingency for our purposes, please see Brown Economic's monthly newsletter, The Economics Editor July 2008 issue (vol. 5, no. 6).
January 31, 2008
For all provinces, pre-judgment interest rates have been adjusted to reflect published rates for 2008. Forecasts have been included for interest in 2009 and 2010, so valuation dates can be any date in 2008, 2009 or 2010.
December 4, 2007
The user can specify whether the claim is related to a Motor Vehicle accident or is not related to a Motor Vehicle Accident (slip and fall, wrongful assault, etc.)
September 13, 2007
Tax tables for all provinces updated to incorporate 2007 provincial and federal budgets.
May, 2007
Initial Release.