what is...

NET WAGE LOSS Typically, gross income lost, minus liability for taxes and Employment Insurance premiums. For example, a gross income of $60,000 per year, reduced by taxes of $20,000 and E.I. premiums of $1,000, would produce a net income of $39,000. Therefore, in this example, someone not able to work for a year would have suffered a $39,000 net wage loss.

The information provided herein is not intended to be legal advice, but merely conveys general information related to legal issues commonly encountered.