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 (2018-2020).
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
Beginning August 1, 2017, settlements or awards in respect of claims for future medical care and/or pain and suffering are now fully exempt from consideration for ODSP eligibility.
Over the past year, McKellar Structured Settlements has been working closely with the Ministry of Community and Social Services to bring about changes to the way Ontario Disability Support Program (ODSP) treats disabled individuals who receive personal injury awards. The Ontario government has listened and responded favourably to our request by making a substantial change in the way ODSP views personal injury settlements. ODSP recipients will benefit substantially from the change.
We look forward to providing you with more details in the near future. In the meantime, please call 1-800-265-8381 or email us with any questions.