What is the impact of adverse contingencies that might affect future earnings?
Ontario, Canada
The following excerpt is from Beldycki Estate v. Jaipargas, 2012 ONCA 537 (CanLII):
As a general rule, we take account of contingencies that might affect future earnings. This is so despite the fact that these contingencies are already implicitly contained in an assessment of the projected average level of earnings of the person wronged. Not all contingencies are adverse. And some public and private schemes cushion individuals against adverse contingencies. The percentage deduction is generally small: Andrews v. Grand & Toy Alberta Ltd., 1978 CanLII 1 (SCC), [1978] 2 S.C.R. 229, at p. 253.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the impact of past and future loss of income earning capacity on future earnings capacity? (Ontario, Canada)
What is the difference between deducting future care costs and deducting from future earnings from income tax calculations? (Ontario, Canada)
Is a parent intentionally underemployed if that parent chooses to earn less than he or she is capable of earning? (Ontario, Canada)
What is the impact of a union on a grievor in pursuing a grievance that impacts all employees as a whole? (Ontario, Canada)
How is loss of future earning capacity assessed in a motor vehicle accident case? (Ontario, Canada)
In a motor vehicle accident, is a plaintiff entitled to a 20% contingency discount for future losses? (Ontario, Canada)
What is the test for approving a contingency fee pursuant to a contingency agreement? (Ontario, Canada)
What is the impact of a spouse's contribution to her husband's career on his post-separation earnings? (Ontario, Canada)
What is the impact of a medical malpractice case on the economic impact of the case? (Ontario, Canada)
What is the difference between general contingencies and specific contingencies? (Ontario, Canada)
