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Ontario WSIB Premium Rates Reduced to $1.18 for 2027

2 reports, 1 independent Updated Thu 00:00
No new developments lately Reached 2 outlets in its first 24 hours
Reports
2
Developments
1
Repetition
50%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The Workplace Safety and Insurance Board (WSIB) announced that the average premium rate for businesses in Ontario will be reduced to $1.18 per $100 of insurable earnings in 2027, down from $1.23 in 2026. This new rate is almost 30 per cent below the national average.

From ohscanada.com

Why it matters

Some supportBrind's analysis of the reports

The reduction is expected to support jobs and investments in Ontario's economy, potentially leaving $160 million available for these purposes. A report from Ernst and Young estimates that past WSIB reductions have supported the creation or sustainment of over 11,500 jobs in the province.

From ohscanada.com

Who's involved

  • OntarioThe province where the WSIB operates and the rate reduction applies.
  • Trevor JonesMinister of Labour who commented on the rate reduction supporting the economy.
  • LangWSIB president and CEO, who stated the reduction helps over 80 per cent of businesses.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • SMESpeculative

    Small and medium enterprises in Ontario might see lower operational costs due to the rate cut.

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The entities involved

Coverage

Newest first; wire copies grouped
1 more outlet ran the same wire story