Law and Equity Act -- LAW AND EQUITY REGULATION

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

Filed August 25, 1981

This archived regulation consolidation is current to April 1, 2005 and includes changes enacted and in force by that date. For the most current information, click here.

Law and Equity Act

LAW AND EQUITY REGULATION

Discount rates prescribed

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

(a) a discount rate of 2 1/2% 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 3 1/2% 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.

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