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WCB rebate cheques coming November 2017

If you are an Island business who pays into WCB then you can expect a cheque in the mail later this month as the board has announced that more than $21 million will be distributed in November 2017.

Earlier this year, WCB’s annual report showed that it was once again in a position of being significantly over-funded meaning that it has more than enough money set aside to pay out claims over the long-term as well as a healthy cushion. With that in mind, CFIB formally requested that a refund or "surplus distribution" be issued to Island employers since it employers who pay the full cost of the system.

 

CFIB Business Counsellors can help answer any questions you may have. Call them at 1 888-234-2232 or email [email protected]

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