February 17, 2022

The Ontario government has announced that it will be issuing rebates to approximately 300,000 businesses that qualify as ‘safe employers’. The money is being sourced from Workplace Safety and Insurance Board (WSIB) surplus funds.

I have included the government News Release below, and also add this information from a CTV News article (link):

There is no application process, the qualifying businesses are those that have a track record of ensuring workers are kept healthy and safe.

Monte McNaughton, Minister of Labour, Training and Skills Development, told CTV that “..those businesses, for example, that have been convicted of offences won’t profit from this.”

The Minister also said that 95 per cent of all Ontario businesses receiving the WSIB rebate would be employers with 50 employees or less. 

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NEWS RELEASE

Ontario’s Safe Employers Receiving up to $1.5 Billion Rebate

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Rebate will support businesses, maintain jobs and help safe employers impacted by COVID-19

February 16, 2022
Labour, Training and Skills Development

TORONTO — Ontario’s safe employers are receiving a rebate of up to $1.5 billion as Workplace Safety and Insurance Board (WSIB) surplus funds are returned for the first time. This rebate will give 300,000 businesses back approximately 30 per cent of their annual premium payments, helping create new jobs and allowing for bigger paycheques for workers. This builds on the government’s $2.4 billion that has already been given back to employers through premium reductions, while maintaining benefits for injured workers.

“After historic underfunding and mismanagement, Premier Ford and I are creating generational change at the WSIB to ensure it is working for workers,” said Monte McNaughton, Minister of Labour, Training and Skills Development. “We are getting cheques in the mail for businesses on Main Street who need this relief so they can pay their workers more, create new jobs, and grow our economy. In the coming weeks, I will announce a series of unprecedented supports for the people of Ontario that continue to rebalance the scales in favour of workers.”

The surplus distribution will only be provided to safe employers, who will receive their rebates starting in April. For a business with 80 to 125 employees, this could mean receiving $28,000 to reinvest in their business and workers.

“Ontario businesses are paying the lowest average premium rate in more than 20 years,” said Grant Walsh, Chair of the WSIB. “With solid financial management we can give this rebate to businesses at a time when they need it most while protecting coverage for people injured at work.”

This distribution comes only four years after the elimination of the board’s historic unfunded liability. Today, the WSIB is in its strongest financial position in its history and, as of September 30, 2021, has $6.4 billion in reserve.