Law and Equity Regulation

B.C. Reg. 352/81
Regulation of the Chief Justice

Filed August 25, 1981

This consolidation is current to September 26, 2023.

Link to Point in Time

Law and Equity Act

Law and Equity Regulation

[includes amendments up to B.C. Reg. 74/2014, April 30, 2014]

Discount rates prescribed

1 Pursuant to section 56 of the Law and Equity Act, I hereby prescribe:

(a) a discount rate of 1.5% per annum compound which shall be deemed to be the future difference between the investment rate of interest and the rate of increase of earnings due to inflation and general increases in productivity, and

(b) a discount rate of 2% per annum compound which shall be deemed to be the future difference between the investment rate of interest and the rate of general price inflation.

[am. B.C. Reg. 74/2014.]

[Provisions relevant to the enactment of this regulation: Law and Equity Act, R.S.B.C. 1996, c. 253, section 56]