We’re thrilled to report a big win for businesses in Prince Edward Island!The Workers Compensation Board (WCB) of PEI is returning $18 million in surplus funds to eligible employers in December 2025. On top of that, the average 2026 assessment rate will reduce to $1.28, including a temporary $0.09 rebate to help keep costs down.
We’ve been pushing workers compensation boards (WCBs) across the country to keep costs under control, premiums affordable, and extra funds flowing back to the businesses that paid into the system. This announcement is a perfect example of why that advocacy matters.
WCB PEI’s funding level reached 159.5% at the end of 2024, well above the 140% threshold for returning a surplus. Although it shows strong investment performance, it’s a reminder that when WCBs go over their target, the excess should go back to small businesses and not sit in the board’s accounts.
To make sure you get your share of the $18 million, PEI employers just need to file their 2024 payroll by December 31, 2025.
Individual 2026 rates will be sent out in December. The maximum Assessable Earnings will rise to $89,300 on January 1, 2026.
Want to stay ahead and keep your business growing? Join CFIB today for advocacy, resources, and support tailored to help your business succeed.
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