In A Flash
In 2024, the WSIB had $7.8 billion in reserves and issued a $2 billion surplus rebate to eligible employers in early 2025, based on 60% of their 2023 premiums. A second $2 billion rebate is planned for spring 2025, with eligibility details to be announced.
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In A Flash
On October 28, 2024, the Working for Workers Five Act, 2024 (the “Act”) received Royal Assent and became law. Many of the legislative changes are now in force and effect, requiring immediate compliance, while other provisions only come into force on a day to be named by proclamation of the Lieutenant Governor.
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In A Flash
As of September 29, 2023, the Ontario Workplace Safety and Insurance Board (“WSIB”) has revised its Policy No. 15-01-02, “Employers’ Accident-Reporting Obligations”, to stipulate a three-business-day deadline for covered employers to file a report of workplace injury.
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