New WSIB Premium Deferral for Employers

As part of the Ontario’s Action Plan: Responding to COVID-19, the provincial government has introduced a new relief measure to assist employers through financial strain in relation to COVID-19.

All employers covered by the Workplace Safety Insurance Board (WSIB) are automatically eligible for this relief and will not be required to opt in to receive the benefits, which include:  

  • Employers will be able to defer premium reporting and payments for six months until August 31, 2020 with no negative consequences;
  • The WSIB will cease interest accrual on all outstanding premium payments;
  • The WSIB will not impose penalties during the six-month deferral period; and
  • The WSIB will maintain full coverage of eligible workplaces.

The government has, also through the WSIB, reduced costs to employers by a new rate framework and the elimination of the unfunded liability charge.

We will continue to update our clients with information as soon as it becomes available. If you have any questions about this topic, other COVID-19 related questions, or would like assistance with developing and/or reviewing pandemic plans, please do not hesitate to contact a Mathews Dinsdale lawyer, or refer to the Firm’s COVID-19 website resources.

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