The Discount Rate Subcommittee, which was struck by the Civil Rules Committee in May 2017, tabled its final report at the Civil Rules Committee meeting held on May 20, 2021: Report to the Civil Rules Committee on rules 53.09 and 53.10 (final). The Committee voted to adopt the recommendations in the report. The Committee has now fulfilled its statutory obligation under s. 66(4) of the Courts of Justice Act, R.S.O. 1990, c. C.43, to review changes to the discount rate, tax gross-up and pre-judgment interest rate every four years.
For reference, a copy of the Discount Rate Subcommittee’s interim report, dated April 27, 2020, is also available: Report to the Civil Rules Committee on rules 53.09 and 53.10 (interim).