July 23, 2024Updated the tax rates, credits and brackets for the 2024 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
July 23, 2024
Updated the tax rates, credits and brackets for the 2024 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
March 15, 2024
Brown Economic has updated the video for the Income Damages CalculatorTM (IDC) to show how the input screens work to calculate potential income losses. To view the IDC video, click on "View Demonstration".
March 15, 2024
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2024. Forecasts have been included for interest in 2025 to 2027; so the "date of valuation" can be any date in 2024 to 2027.
March 15, 2024
New life expectancy rates have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2020 to 2022.
The following changes have been made to the Income Damages Calculator since its initial release:
December 12, 2023
Users of the IDC will enjoy a major update to the core salary and labour force data provided by the IDC: the 2016 Census data has now been updated with the 2021 Census data (this pertains primarily to the section in the without- and with-incident screens called DATA). We have procured custom tabulations from Statistics Canada from the 2021 Census to use for salary estimates (by gender, age, province, education level and occupation level) and for the labour force statistics (unemployment and participation contingencies).
December 12, 2023
Updated the tax rates, credits and brackets for the 2023 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
December 12, 2023
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2023. Forecasts have been included for interest in 2024 to 2026; so the "date of valuation" can be any date in 2023 to 2026.
December 12, 2023
New life expectancy rates have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2019 to 2021.
May 13, 2022
Updated the tax rates, credits and brackets for the 2022 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
February 3, 2022
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2022. Forecasts have been included for interest in 2023 to 2025; so the "date of valuation" can be any date in 2022 to 2025.
February 3, 2022
New life expectancy rates have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2018 to 2020.
October 6, 2021
Updated the tax rates, credits and brackets for the 2021 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
June 10, 2021
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2021. Forecasts have been included for interest in 2022 to 2024; so the "date of valuation" can be any date in 2021 to 2024.
June 10, 2021
New life expectancy rates have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2017 to 2019.
June 10, 2021
Updated the tax rates, credits and brackets for the 2021 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
March 9, 2020
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2020. Forecasts have been included for interest in 2021 to 2023; so the "date of valuation" can be any date in 2020 to 2023.
March 9, 2020
New life expectancy rates have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2016 to 2018.
March 9, 2020
The disability contingency has been updated with data from the Canada Pension Plan. We use the Office of the Superintendent of Financial Institutions Canada's Actuarial Report (30th) on the Canada Pension Plan as at 31 December 2018, Table 76. For more detail on this topic and source of data, see Brown's Economic Damages Newsletter, "The Disability Contingency (Canada Pension Plan 2015 data)", November 2016, vol. 13, issue #11.
September 13, 2019
Updated the tax rates, credits and brackets for the 2019 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
September 13, 2019
New life expectancy tables have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2015 to 2017.
September 13, 2019
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2019. Forecasts have been included for interest in 2020 to 2022; so the "date of valuation" can be any date in 2019 to 2022.
October 4, 2018
Users of the IDC will enjoy a major update to the core salary and labour force data provided by the IDC: the 2011 National Household Survey data has now been updated with the 2016 Census data (this pertains primarily to the section in the without- and with-incident screens called DATA). We have procured custom tabulations from Statistics Canada from the 2016 Census to use for salary estimates (by gender, age, province, education level and occupation level) and for the labour force statistics (unemployment and participation contingencies).
August 23, 2018
Updated the tax rates, credits and brackets for the 2018 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
August 23, 2018
New life expectancy tables have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2014 to 2016.
February 6, 2018
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2018. Forecasts have been included for interest in 2019 to 2021; so the "date of valuation" can be any date in 2018 to 2021.
January 26, 2018
New life expectancy tables have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2012 to 2014.
November 1, 2017
Updated the tax rates, credits and brackets for the 2017 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
August 10, 2017
New life expectancy tables have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2011 to 2013.
August 10, 2017
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2017. Forecasts have been included for interest in 2018 to 2020; so the "date of valuation" can be any date in 2017 to 2020.
December 20, 2016
The disability contingency has been updated with data from the Canada Pension Plan. We use the Office of the Superintendent of Financial Institutions Canada's Actuarial Report (27th) on the Canada Pension Plan as at 31 December 2015, Table 76. For more detail on this topic and source of data, see Brown's Economic Damages Newsletter, "The Disability Contingency (Canada Pension Plan 2015 data)", November 2016, vol. 13, issue #11.
November 10, 2016
Updated the tax rates, credits and brackets for the 2016 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
June 9, 2016
New life expectancy tables have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2010 to 2012.
Feb 3, 2016
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2016. Forecasts have been included for interest in 2017 to 2019; so the "date of valuation" can be any date in 2016 to 2019.
December 11, 2015
Updated the tax rates, credits and brackets for the 2015 provincial and federal budgets for jurisdictions in which loss of income calculations can be expressed in after-tax dollars.
October 13, 2015
Users of the IDC will enjoy a major update to the core salary and labour force data provided by the IDC: the 2006 Census data has now been updated with the 2011 National Household Survey data (this pertains primarily to the section in the without- and with-incident screens called DATA). The 2011 NHS data is from a special tabulation procured by Brown Economic from Statistics Canada, and nests together six demographic characteristics to tailor the data to the plaintiff (gender, age, education level, province, occupation title, and work status). For users who have concerns about the 2011 NHS data vis-à-vis the 2006 Census data, see our newsletter to view our discussion and comparison of these two data sources.
December 2, 2014
Updated the tax rates, credits and brackets for the 2014 provincial and federal budgets for jurisdictions in which loss of income calculations should be done on an after-tax basis.
January 30, 2014
The disability contingency has been updated with data from the Canada Pension Plan. We use the Office of the Superintendent of Financial Institutions Canada's Actuarial Report (26th) on the Canada Pension Plan as at 31 December 2012, Table 78.
January 30, 2014
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2014. Forecasts have been included for interest in 2015 , 2016 , and 2017; so the "date of valuation" can be any date in 2014 to 2017.
Dec 6, 2013
New life expectancy tables have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2009 to 2011.
September 18, 2013
Updated the tax rates, credits and brackets for the 2013 provincial and federal budgets for jurisdictions in which loss of income calculations should be done on an after-tax basis.
May 1, 2013
New life expectancy tables have been incorporated from Statistics Canada's Life Tables, Canada, Provinces and Territories, 2007 to 2009.
February 12, 2013
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2013. Forecasts have been included for interest in 2014 , 2015 , and 2016 ; so the "date of valuation" can be any date in 2013 to 2016.
Sep 6, 2012
Updated the tax rates, credits and brackets for the 2012 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.
March 13, 2012
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2012. Forecasts have been included for interest in 2013 , 2014 , and 2015 ; so the "date of valuation" can be any date in 2012 to 2015.
Dec 5, 2011
Updated the tax rates, credits and brackets for the 2011 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.
Feb 1, 2011
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2011. Forecasts have been included for interest in 2012 , 2013 , and 2014 ; so the "date of valuation" can be any date in 2011, 2012 , 2013 or 2014.
Jan 4, 2011
The disability contingency has been updated with data from the Canada Pension Plan. We use the Office of the Superintendent of Financial Institutions Canada's Actuarial Report (25th) on the Canada Pension Plan as at 31 December 2009, Table 77, page 129 (released November 2010). The rates from Table 77 have been modified to account for the persons already disabled in prior age groups.
Sep 21, 2010
Updated the tax rates, credits and brackets for the 2010 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.
Feb 3, 2010
The wage inflation data was updated for the years of 2001 to 2008. This data is used to inflate or deflate the base year income at the year of incident until the date of valuation. Since there are always changes in wages, it is important to realize that $10,000 in 2002 will not be equal to $10,000 in 2010: there will have been intervening economic activity and inflationary pressures (or deflationary actions) that will make the 2010 dollar figure different from the 2002 dollar figure. Statistics Canada recently modified its estimation method for collating the wage inflation data which meant historical changes back to 2001. See the Brown Economic Damages newsletter of April 2009 for related information. This does mean that sensitivity analyses or redos done on prior IDC files will be slightly different, depending on the extent of historical revisions to the industrial aggregate index in each province.
Feb 2, 2010
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2010. Forecasts have been included for interest in 2011, 2012 and 2013; so the "date of valuation" can be any date in 2010, 2011, 2012 or 2013.
Sep 14, 2009
Updated the tax rates, credits and brackets for the 2009 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.
Feb 25, 2009
The IDC has two, improved features arising out of client requests: first, the user can now reflect labour force absences ("LFA") in either the without- or with-incident career profiles. This is especially useful if the plaintiff must retrain after the incident. For instance, if the incident has prompted a career change, and the plaintiff must attend a post-secondary institution, the absence field(s) can be used to remove the person from the labour force for the period of time s/he retrains and would presumably have zero earnings. Another example where the LFA field(s) can be used is if the plaintiff was out of the labour force at the time of the incident due to, say, childrearing but had been planning to re-enter when her youngest is 6 years old. The IDC can manage a LFA from the date of incident to the date of re-entry into the work force.
The second improved feature, again arising out of a client request, is that prejudgment interest is now explicitly recorded on the PDF output summary. The IDC has always calculated prejudgment interest and included it in the past loss period; but now in the PDF output summary, it is explicitly noted on the first page of the summary. This total is already INCLUDED in the past loss figure shown in the summary, so should not be added to the totals for either past or future loss.
Feb 4, 2009
Previously, the IDC could calculate losses stemming from an incident commencing in 1991 or later. Brown Economic has researched both wage inflation (for all provinces and territories) and legislated pre-judgment interest rates such that claims (i.e., "date of incident") commencing in 1983 or later can now be calculated by the IDC.
Feb 4, 2009
For all provinces and territories, pre-judgment interest rates have been adjusted to reflect published rates for 2009. Forecasts have been included for interest in 2010, 2011 and 2012; so the "date of valuation" can be any date in 2009, 2010, 2011 or 2012.
Jan 12, 2009
Updated the "industry" statistics available under the DATA
section in both the without-incident and with-incident screens. Until now, the
data available for the salaries and negative contingencies were from Statistics
Canada's 2001 Census. We have
invested a great deal to procure custom tabulations from Statistics Canada from
the 2006 Census to use for
salary estimates (by gender, age, province, education level and occupation
level) and for the labour force statistics (unemployment, participation and
part-time work contingencies). Note that the salary data and the labour force
statistics are NOT publicly available on Statistics Canada's website.
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.