Our calculator will provide you with the remaining life expectancy of the average Canadian of a particular age and gender, based on the most recent Statistics Canada life expectancy data*.
*Source: Statistics Canada, Life Table for Canada (2016-2018).
Our immediate present value calculator will provide you with the approximate present value of a future stream of $xxx.xx per year, paid monthly, for a given number of years. You will need to select the appropriate discount rate depending on the type of payments (level or indexed) to be made.
For tort claims in Ontario, the discount rate is set annually as per Rule 53.09 of the Ontario Rules of Civil Procedure and is noted as ON in the discount rate drop-down list.
Our deferred present value calculator will provide you with the approximate present value of a future stream of $xxx.xx per year (current dollars), paid monthly, for a given number of years after the deferral period. You will need to select the appropriate discount rate depending on the type of payments (level or indexed) to be made, as well as the length of the deferral period and the payment term.
The Present Value of $2500 per year, paid monthly, for 10 years using a discount rate of 3.00% is $21617.17
Our calculator will provide the current value of a past Court award adjusted for inflation. The current value is calculated using the most recent Consumer Price Index data available. If you are unsure of the month of the Court Award, you can select the Average annual option ("Use Avg. Ann.").
A $ Court award in , adjusted for
inflation*, would be equivalent to $ in
The advent of the COVID-19 pandemic, which is now having an increasing and unpredictable impact on all aspects of Canadian life, presents a challenge which is both unprecedented and unpredictable.
As you can appreciate, our primary focus is the safety and well-being of our staff. McKellar has already taken steps to mitigate the risk to staff of infection and our Business Continuity Team has developed a comprehensive plan for our office which will address future challenges as they evolve.
We will ensure that everyone is kept well informed of any critical changes that might occur. Likewise, our valued clients will also be notified immediately of any change in our operational protocols.
In the event our office is subject to temporary quarantine, our IT department has already initiated actions to allow us to continue to provide a continued level of excellent service to clients remotely.
McKellar has made provision for existing clients for whom we have implemented structures to continue to have access to client service representatives for any questions they may have.
We will be following closely the recommendations of the Federal and Provincial public health authorities and will act accordingly to protect our employees and to continue to provide the unparalleled service that has been the hallmark of McKellar for over 40 years.
We wish everyone a safe outcome from the uncertain times before us.