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8661 201 Street, 2nd Floor

Richmond Consultation Office

5811 Cooney Road Suite 305 South Tower

Burnaby Consultation Office

4720 Kingsway Suite 2600

Kelowna Consultation Office

1631 Dickson Avenue Suite 1100

Surrey Main Office

13737 96 Ave #1104

Vancouver Head Office

1727 West Broadway, Suite 400

ONTARIO OFFICES

Oshawa Consultation Office

50 Richmond Street E, Unit # 108 B

Brampton Consultation Office

341 Parkhurst Square, Suite 5

Etobicoke Consultation Office

34 Greensboro Dr 2nd Floor

Toronto Head Office

255 Consumers Road, 5th Floor

Sudbury Consultation Office

144 Elm Street, Suite 201

Peterborough Consultation Office

459 George Street North

Ottawa Main Office

955 Greenvalley Crescent, Unit 315

Mississauga Office

2155 Leanne Blvd #113

London Main Office

256 Pall Mall St, Suite 102

Hamilton Consultation Office

105 Main Street East, Suite 1500

Barrie Main Office

17 Poyntz Avenue

Windsor Main Office

13158 Tecumseh Rd. E. Unit 3B

Thunder Bay Consultation Office

278 Algoma Street South

ALBERTA OFFICES

Calgary

1331 Macleod Trail SE, Suite 420

Calgary Consultation Office

909 17th Avenue SW, 4th Floor

Edmonton Head Office

4246 97 Street NW, Unit 100

IMG

How to Get Full Compensation for Lost Income After an Injury?

The sheer volume of lost compensation after you have sustained a personal injury can be enough to cause financial ruin. You are entitled to compensation for lost income along with a personal injury claim.

Understanding What Can Be Considered Lost Income

Understanding What Can Be Considered Lost Income

There is a bit of confusion about what can actually be counted as lost income. It is important to understand what counts as compensation for lost income purposes during a personal injury case. Basically, any lost wages, compensation, benefits, or bonuses you have lost due to your injury can be counted as lost income. Your lost income claim can include mention of:

  • Your regular hourly wages or salary
  • Vacation pay
  • Sick days or personal hours used to pay for your time off
  • Commissions or bonuses you would have otherwise earned
  • Merit raises or salary increases lost due to time off
  • Retirement or 401k account contributions you missed

Critical Components of Proving Your Lost Income

Critical Components of Proving Your Lost Income

Two primary components can be used to prove your lost compensation was directly due to your injuries.

Proof of Your Income Provided by Your Employer

Of course, your employer can give a reliable account of how much you lost due to your injury. They can create a report that shows your lost hours and days from work, how much you would have made during those times, and any compensation you missed out on while you were unable to work.

Medical Records Proving Your Injuries Left You Unable to Work

Having a doctor state in writing that it is not safe for you to return to work is an important component when seeking compensation for lost income. A doctor’s narrative or explanatory note will state what your work limitations were or will be and if or when you will be able to return to work.

How Do You Prove Lost Self-Employment Income?

How Do You Prove Lost Self-Employment Income?

Proving lost self-employment income in a personal injury case is a little more complicated, but not at all impossible. You can utilize several items to prove how much your income was before your injury, such as:

  • Tax forms or tax returns
  • Business bank account transaction information
  • Records kept by your bookkeeper or accountant
  • Profit and loss statements or other business documents

The more evidence you can supply, the better chance there will be to obtain the proper compensation for lost income.

Don’t Forget Future Income Loss

Future Income Loss

The majority of people who are suing for lost income will have already returned to work after an injury. However, there can be more severe situations hen the loss of future income must be considered. For example, if you previously worked as a machinist and were involved in an accident that left you with no arms, you would not be able to perform as a machinist for the future. Therefore, future loss of income would have to be considered when filing your claim. Several things can affect future income loss determinations, such as:

  • If you are likely to recover from your injuries and when
  • If it is possible for you to step into another form of employment
  • How much you have earned before the accident happened
  • How many years you would have likely worked if not for your injury

When you have gone through a major injury, you should not have to also suffer financially. Reach out to a personal injury lawyer to further discuss compensation for lost income and how you can work to get what you truly deserve.

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