The Ontario Government, in collaboration with the Workplace Safety and Insurance Board (WSIB), is implementing measures to support economic recovery and workplace safety. Over $2.5 billion will be returned to eligible businesses through surplus rebates and reduced premium rates, benefiting employers and workers alike.
Key Highlights:
- Surplus Rebates: Starting February 2025, $2 billion in WSIB surplus funds will be returned to safe employers with strong safety records since 2020.
- Premium Reductions: The average premium rate will drop to $1.25 per $100 of insurable payroll, the lowest in 50 years, saving businesses $150 million annually.
- Apprentice Fee Removal: First-time Certificate of Qualification exam fees ($150) will be eliminated, providing $3.6 million in savings for 11,000 apprentices.
- Safe Business Bonus: A $1,000 incentive will be introduced in 2025 for businesses creating WSIB-approved health and safety plans through WSIB’s Health and Safety Excellence Program.
Eligibility for Rebates:
- Active WSIB accounts as of November 1, 2024.
- Compliance with workplace safety laws and no serious convictions or fatalities from 2020 to 2025.
- Schedule 1 employers only; Schedule 2 employers are not eligible.
For full details, visit: