It’s time for another WSIB surplus rebate!

Icon symbolizing returning rebates In 2022, the Workplace Safety and Insurance Board (WSIB) returned $1.2 billion to Ontario businesses.

Icon symbolizing stronger financial position Today, the WSIB is in a $640 million stronger financial position to rebate surplus funds.

Dollar sign 94% of small- and medium-sized businesses registered with the WSIB believe that the board should return surplus funds to eligible Ontario employers this year.

Your Potential Rebate
Potential surplus funds rebate to an Ontario business with one employee $248
5 employees $1,240
10 employees $2,480
25 employees $6,200
100 employees $24,800

*These are CFIB estimates based on a $1.5B surplus distribution. The actual rebate per employer will depend on the total amount allocated for the rebates, workplace safety records, industry classification, number of employees, and other criteria.

Hon. David Piccini, Minister of Labour, Immigration, Training and Skills Development

CFIB members greatly appreciated when the WSIB returned $1.2 billion in surplus funds to about 300,000 eligible Ontario businesses in April 2022.

Today, the WSIB is in even better financial health to return surplus funds to employers, without affecting worker payouts.

The WSIB is funded entirely by employers through employer-paid premiums and investment earnings made possible by the premium payments, so returning surplus money to employers like me who pay into the WSIB makes common sense.

Ontario businesses would put the money to good use at a time when many are struggling with challenges like persistently low demand that is resulting in lower sales and ever-rising costs that are narrowing already thin margins.

I am calling on you to ensure that:

  • As soon as possible, the WSIB returns at least the same amount of surplus funds to eligible Ontario businesses that pay into the WSIB as was returned in 2022 (up to $1.5 billion).
  • The WSIB continues to keep premium rates stable.
CFIB logo

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. 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.