Toronto (June 29, 2011) - The Workplace Safety and Insurance Board (WSIB) confirmed that premium rates for all employer rate groups will increase by two per cent on January 1, 2012. This increase, previously announced after consultations with stakeholders in September 2010, will contribute to the long-term financial stability of Ontario’s workplace insurance system.

The average premium rate has not been raised in four of the past seven years, with only modest increases in the others. The 2012 average premium rate will be $2.40 per $100 of insurable earnings, an increase from $2.35 in 2011. The 2012 average rate is still well below the $3.00 employers were paying in the mid-’90s.

A comprehensive review of the WSIB’s funding policy and premium rate structure is currently underway by Professor Harry Arthurs. For further information click on the following link

View the 2012 premium rates by rate group. Your rate group number appears on your WSIB Premium Remittance Form.

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