CFIB: $2 billion WSIB surplus rebate a big win for small business
Toronto, November 21, 2024 – On behalf of our 38,000 business members in all sectors across the province, we thank Premier Ford and Minister Piccini for listening and acting on our recommendations to deliver another Workplace Safety and Insurance Board (WSIB) surplus rebate to Ontario’s small business owners and reduce the average premium rate.
Today’s positive news will bring welcome and much-needed relief at a time when small business owners need it. A resounding 94% of small- and medium-sized businesses registered with the WSIB believe that the board should return surplus funds to eligible Ontario employers.
The announced WSIB measures won’t cost taxpayers a nickel, or jeopardize the board’s strong financial health. They will allow Ontario’s small business owners to invest in their employees, their operations, and stronger and safer workplaces.
The Ontario government is doing the right thing, putting more surplus funds back in the hands of businesses where they belong.
-Julie Kwiecinski, Director of Provincial Affairs (Ontario)
For media inquiries or interviews, please contact:
Dariya Baiguzhiyeva, CFIB
647-464-2814
public.affairs@cfib.ca
About CFIB
The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small- and medium-sized businesses with 97,000 members across every industry and region, including 38,000 in Ontario. CFIB is dedicated to increasing business owners’ chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at cfib.ca.