Bc Supreme Court Rules Examination for Discovery

Documents, forms and court recordsFirst steps with your case Presentation of your caseThe Supreme Court Under subsection 56(2) of the Law and Fairness Act, RSBC 1996, c. 253, the Chief Justice of the Supreme Court of British Columbia has the authority to issue regulations requiring: (a) a discount rate, which is considered the future difference between the investment interest rate and the rate of increase in profits due to inflation and general increases. (b) a discount rate, which is considered to be the future difference between the interest rate and the general rate of price inflation. Effective April 30, 2014 and pursuant to British Columbia Regulation 74/2014, as amended by British Columbia Regulation 352/81, the prescribed discount rates are as follows: Paragraph 56(2)(a) is used to calculate the present value of future damages to offset or by reference to (a) future loss of income due to a partial or total loss of earning capacity or (b) loss of dependency in under the Family Compensation Act. For all other future damages, the discount rate prescribed under § 56 (2) lit. b will be used. The Court Order Interest Act, R.S.B.C. 1996, c. 79 provides for the payment of interest before and after the judgment at a prescribed rate. Interest rates are adjusted twice a year: on 1 January for the period from 1 January to 30 June and on 1 July for the period from 1 July to 31 December.