Ontario’s WSIB proposing to overhaul rate-setting process

Changes to the way it classifies employers and set premium rates
By Sheila Brawn
|Canadian Payroll Reporter|Last Updated: 09/01/2015

Ontario’s Workplace Safety and Insurance Board (WSIB) is proposing a new rate-setting framework to change the way it classifies employers and sets premium rates. It would also eliminate the board’s experience rating programs.

The proposal is still at the preliminary stage and the board has not yet set a date for implementing the changes, other than saying they would not happen before 2018. It has held information sessions with employers and workers and is now giving stakeholders until early October to submit feedback.

"Ontario’s workplaces have changed a lot over the past 30 years, and the way we fund workers’ compensation needs to change to reflect that evolution," says Jean-Serge Bidal, executive director of strategic revenue policy at the WSIB.