The Motor Vehicle Retailers of Ontario is pleased to learn the Ontario Government is returning Workplace Safety and Insurance Board (WSIB) surpluses back to employers through rebates. The MVRO applauds this move that gives back surplus money upfront – rather than draw down the surplus over time.
Here are the main highlights:
- Eligible employers will receive their one-time rebate starting in February 2025 if they are a safe employer, which includes not having been convicted more than once under the Workplace Safety and Insurance Act or Occupational Health and Safety Act since 2020.
- Cutting the average premium rate for Ontario businesses from $1.30 to $1.25 per $100 of insurable payroll through the WSIB starting in 2025, without reducing benefits.
- Launching a new Safe Business Bonus with an additional $1,000 bonus to eligible employers who create a new workplace health and safety action plan approved through the WSIB’s Health and Safety Excellence program, and
- Removing the $150 fee for apprentices taking their first Certificate of Qualification exam, making it easier for more people to start their career in the skilled trades.
For full details on these and other employer friendly announcements, please see the Ontario Government’s news release.
We are thankful Premier Doug Ford has taken this approach to return surpluses so employers like you can use those funds asap to re-invest into your business.
Sincerely,
Frank Notte
Director of Government Relations
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