Can an award for past income loss be deducted from income taxes?
British Columbia, Canada
The following excerpt is from Jajcaj v Bevans, 2021 BCSC 834 (CanLII):
An award for past income loss must be a net value, which means that income taxes must be deducted: Insurance (Vehicle) Act, R.S.B.C. 1996, c. 231, s. 98; Hudniuk v. Warkentin, 2003 BCSC 62 at para. 42.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Is a self-employed real estate agent who receives income through his Personal Preference Tax Credit (PTC) entitled to income from a spouse's pre-tax income? (British Columbia, Canada)
Is a party’s income for income tax purposes considered income for purposes of determining child support obligations? (British Columbia, Canada)
Does a deduction for motor vehicle expenses have to be deducted from income tax? (British Columbia, Canada)
What is the net amount after deduction of income tax for future loss of earnings? (British Columbia, Canada)
Is a self-employed person entitled to deduct business expenses for purposes of calculating income tax? (British Columbia, Canada)
Does s. 3(2)(b) of the Income Tax Code require spouses to share expenses with each other in proportion to their respective incomes? (British Columbia, Canada)
Can a plaintiff deduct carrying charges from his tax return from his Guideline income in determining child support obligations? (British Columbia, Canada)
Can a court impute income to a spouse or former spouse under section 19 of the Income Tax Guidelines? (British Columbia, Canada)
Is a spouse entitled to a deduction under section 19 of the Income Tax Act? (British Columbia, Canada)
What grounds can be used to impute income under the Income Tax Guidelines? (British Columbia, Canada)
