How is past income loss calculated and how is the deduction calculated?
British Columbia, Canada
The following excerpt is from Chouhan v. Allemeersch, 2014 BCSC 1415 (CanLII):
The past income loss is to be net of taxes. The tax deductions may be calculated using a year by year approach: Laxdal v. Robbins, 2010 BCCA 565.
"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
Is a party’s income for income tax purposes considered income for purposes of determining child support obligations? (British Columbia, Canada)
How have courts in India assessed the impact of a motor vehicle accident on an individual's income estimates for the purposes of calculating their income potential? (British Columbia, Canada)
How to calculate future income loss in the context of loss of income earning capacity? (British Columbia, Canada)
How is child support calculated when the income of a spouse is less than the income required for child support? (British Columbia, Canada)
Is a self-employed person entitled to deduct business expenses for purposes of calculating income tax? (British Columbia, Canada)
What is the formula used to calculate the appropriate discount rate for the calculation of the assumed gross investment income? (British Columbia, Canada)
What is the test for calculating the value of a plaintiff's capacity to earn under a loss of income calculation? (British Columbia, Canada)
How should a contingency deduction be calculated in assessing future income loss? (British Columbia, Canada)
Is a self-employed real estate agent who receives income through his Personal Preference Tax Credit (PTC) entitled to income from a spouse's pre-tax income? (British Columbia, Canada)
Can an award for past income loss be deducted from income taxes? (British Columbia, Canada)
