WSIB Employer Premiums to Drop by 30% in 2019
Ontario’s Minister of Labour, Laurie Scott, announced Wednesday that the Workplace Safety and Insurance Board (the “WSIB”) will be dropping employer premiums by 30% starting January 2019. The reductions result from the elimination of the WSIB’s unfunded liability, which reached a high of $14.2 billion in 2011 before being paid down. The WSIB’s unfunded liability […]