Statistics Canada Releases Latest Updated Life Expectancy Data | McKellar Structured Settlements Inc.

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Life Expectancy Calculator

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 (2021-2023).

Gender:

Male

Female

Age:

0 yrs

99 yrs

Results:

A 40 year old male is expected to live another
years.

Life expectancy before age 65 is years.

Calculate Present Value:

To Life Expectancy To Age 65

Present Value Calculator

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.

Immediate Start

Deferred Start

Years

Number of Years of Payment:

Discount Rate:

%

Current Annual Dollar Amount:

Present Value Results:

The Present Value of $2500 per year, paid monthly, for 10 years using a discount rate of 3.00% is $21617.17

Court Award Inflation Calculator

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.").

Amount of Court Award:

Year of Court Award:

Month of Court Award:

Results:

A $ Court award in , adjusted for
inflation*, would be equivalent to $ in
of .

*Calculated using the Consumer Price Index for Canada, all-items, not seasonally adjusted historical data (2002 = 100).

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Statistics Canada Releases Latest Updated Life Expectancy Data

January 27, 2022

On January 24, 2022, Statistics Canada released their updated life expectancy tables. Not surprisingly, this latest update shows a slight decline in life expectancy, due to the impact of COVID-19.

In addition to the standard three-year life tables (2018-2020), Statistics Canada also published tables for individual years (2020 and prior). Data for these single year tables do not include PEI or the Territories.

Statistics Canada states “In comparison to single-year life tables, three-year life tables provide more robust estimates of mortality indicators and time series that are less prone volatility on a short-term horizon”. The McKellar life expectancy tables use the 2018-2020 data. Please keep this in mind when analyzing other sources, as there may be slight inconsistencies depending on which life tables you use.

We have updated our website and will be updating our mobile apps for the new Life Expectancy tables shortly.

The new life tables will also be incorporated into our 2023 slide rules. The 2022 slide rules have already been printed and use the 2017-2019 life expectancy tables.

Please contact us should you have any questions.

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