WSIB surplus results in payout to safe employers

The Workplace Safety & Insurance Board (WSIB) insurance fund has reached a surplus greater than their necessary reserve, as a result up to $1.5 billion will be returned to eligible Schedule 1 businesses.

To be eligible for the rebate, businesses must

• have an active WSIB account as of January 31, 2022;
• have had premium obligations in either 2019 or 2020;
• have not been convicted of a Workplace Safety and Insurance Act or an Occupational Health and Safety Act offence in a proceeding under Part III of the Provincial Offences Act, in 2021 or in 2022 up to and including the date the WSIB issues rebates; and
• have not been convicted in more than one such proceeding between 2017 and 2022 up to and including the date the WSIB issues rebates.

The rebate will be approximately 30% of their premiums paid in 2019 or 2020, whichever is higher. It is expected that 300,000 businesses will benefit.

Rebates will be distributed starting in April 2022.

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