Methods and systems for a transmitter LOFT cancellation scheme that maintains IQ balance are disclosed. Aspects of one method may include providing current compensation to both differential inputs of a mixer for each of I and Q channels. An initial current compensation of X units may be provided, followed by subsequent compensation as needed. The initial compensation may be provided to each differential input of the mixers used for I and Q channels. The subsequent current compensation for the I channel may be independent of the subsequent current compensation for the Q channel. Subsequent current compensation to a first differential input for a mixer may be increased by Y units while decreasing current compensation to the second differential input of the mixer by Y units. In this manner, the DC common mode level for the mixer may remain the same at the initial DC compensation current of X units for both mixers.