Is there any case law in which the Respondent has been successful in determining the most accurate measure of income?
Canada (Federal), Canada
The following excerpt is from The National Life Assurance Company of Canada v. The Queen, 2006 TCC 551 (CanLII):
Such position in my view simply carries no weight. The financial picture that the Respondent wants the Appellant tied to is not designed to determine the most accurate measure of income as was the exercise in such cases as Canderel Limited v. The Queen.[19] Here the measurement that the Respondent seeks to adopt as more accurately measuring income, is in fact a measurement that generally accepted actuarial practice employs to assess the insurer's ability to pay its liabilities.
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