August 15, 2013
The WSIB has announced that premium rates will be maintained at current levels for all employers in 2014. “Our board of directors’ decision to keep rates at current levels was made based on careful actuarial and financial analysis. The decision balances the needs of Ontario’s workers while providing stability for employers as WSIB reviews its methods for setting premium rates in consultation with stakeholders to come up with the fairest and most effective solutions,” states a press release from WSIB. The 2014 rates may be viewed online, at

Results for the first quarter of 2013 show WSIB is well toward meeting financial requirements set under government regulation last year. WSIB is looking at changes to the premium rate setting process and experience rating in an effort to improve fairness in the way the system is funded.