Economic losses arising from injuries sustained in an accident in Ottawa, Ontario – Ottawa personal injury lawyer provides some comments
Have you been injured in accident in Ontario? If so, you may be entitled to claim various damages resulting from your injuries. In many personal injury cases, the injury victim is unable to return to work on a permanent basis. In such case, the wrongdoer – the person who was negligent and cause the accident maybe responsible to pay the loss of income the injury victim would’ve otherwise received two major retirement. However, in many cases the injury victim may not have expected to retire at the normal aged 65. Each case turns on its own facts. When calculating loss of income, the lawyer representing the injury victim will likely retain the services of an actuarial expert will make certain assumptions about the retirement age the injured victim expected to take retirement.
I have seen in my own law practice a trend towards people taking retirement at a much higher aged that 65. In many cases, my clients would not of been able to retire at its five simply because he could not afford. The average life span for Canadian has increased over time and in many cases individuals living in Canada do not intend to retire at age 65. When you consider that the Canada pension plan only pays a little over $12,000 a year to an average Canadian, it’s no surprise that people are retiring at an older age.
So, as a personal injury lawyer faced with the client who is permanently disabled and unable to work due to an accident, it is important consider at what age the injury victim intended to retire. When Plating income losses, the actuarial expert should be directed to provide various scenarios of income losses indicating the losses at various ages advertising. In my practice, I often became the services of an accountant, actuary or economist to calculate income losses of my clients to age 60, 65 and 70 years old.
If you have been injured in an accident anywhere in Ontario, we can help you determine what your rights are and what damages are available to you. Don’t face large insurance companies. We have nearly 20 years of experience dealing with insurance companies and most of her cases are successfully settle with fair compensation be paid to our clients. Call us for free consultation. We work on a no fee until you win basis.
Ottawa Injury and Accident Lawyers Marc N. Quinn 613-315-4878 firstname.lastname@example.org