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Ontario Workplace Safety and Insurance Board (WSIB): A Huge Win as WSIB returns Premium Overpayments to Employers

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:

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:

Ontario’s Safe Employers Receiving up to $1.5 Billion Rebate

CFIB's Statement on the Return of 1.5 Billion in WSIB overpayments to Employers 

February 16, 2022

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