A receiver and method of correcting for amplitude and phase errors in a received complex signal are provided. After separating and processing the complex signal into its I and Q component signals, the magnitude of each of the I and Q signals is obtained. The magnitudes are averaged over a predetermined time period and the average used to correct the amplitude of the I and Q signals. Each amplitude-corrected signal is then rotated by 45° and the average magnitude of the rotated signal determined. The amplitude of the rotated signal is then corrected to provide resultant I and Q signals, which are orthogonal to each other.