What is the test for quantifying a loss of capital asset or earnings?
British Columbia, Canada
The following excerpt is from Pevach v McGuigan Estate, 2021 BCSC 1505 (CanLII):
In Perren v. Lalari, 2010 BCCA 140, our Court of Appeal set forth at para. 32 the rule that there must be a “real and substantial possibility of a future event leading to an income loss” before such a loss may be assessed. The loss may be quantified using the earnings approach or the capital asset approach.
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