For the first time ever, Ontario’s Workplace Safety and Insurance Board (WSIB) will return premium overpayments to employers. CFIB was actively pushing the government for this, and it is a huge win for small business. A total of $1.5B in WSIB surplus funds will be returned to businesses with a proven track record of safety.
According to the WSIB website, a rebate of surplus funds credit will be applied to eligible business’ accounts this April. Credits will be displayed on their statements of account. More details may be found here: https://www.wsib.ca/en/rebate.
Please contact the WSIB directly at 1-800-387-0750 to see if you qualify.
Please visit the following links for the government's February 16 news release and CFIB's response statement: