Toronto Injury Lawyer Blog
Many of our clients cannot return to work after serious accidents.
The form of accident is irrelevant. It doesn’t matter if your accident was caused by bike, car, pedestrian knock down, boat, fall or otherwise.
It doesn’t matter if your injury is catastrophic, is a brain injury, spinal cord injury, ankle fracture, chronic pain, psychological injury or any of the above.
The purpose of this Toronto Injury Lawyer Blog Post is to discuss and examine what you can do for money when you cannot return to work on account of your accident related impairments.
Firstly, it’s important to better understand how the Courts and how insurers quantify income loss claims. Many clients tell me that they’re high income earners, like having high, CEO style six figure salaries with benefits packages. Then, when we request their tax returns, they show little to no income. Go figure.
Courts require evidence of your income loss claim. The best evidence to prove income loss is what’s reported on your tax returns. In some cases, this is the only evidence that matters. In fact, if you should know that whatever you don’t report, you cannot claim. That means if you work at a cash business, and you deliberately conceal earned cash income on your tax returns without reporting it to revenue Canada, the Courts will not re-reimburse you for that income loss (save in exceptional circumstances).
Basically, you cannot have the tax benefit and NOT report income in a cash business, and later seek to claim that money from an insurer as reportable income later on as your case develops. It doesn’t work that way. The law doesn’t let you suck and blow at the same time. In fact, the laws of physics don’t allow you to suck and blow at the same time. Go ahead. Try it.
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