What is the test for interest on a judgment?
British Columbia, Canada
The following excerpt is from Lewthwaite v. Godin, 1984 CanLII 861 (BC SC):
Lewis v. Todd, 1980 CanLII 20 (SCC), [1980] 2 S.C.R. 694, 14 C.C.L.T. 294, 34 N.R. 1, establishes the rule that interest should run on any judgment for a future loss from the time of judgment until payment, at a rate that will preserve the integrity of the actuarial fund. The reason for this is that if the payment is substantially delayed beyond the date of the judgment because of appeals and the like, then the capital sum calculation made at the time of trial is no longer valid since interest on the judgment is restricted to the statutory rate of 5 per cent.
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