Maximum wage rate

The 2021 maximum wage rate is $91,930.

Maximum wage rates from past years:

  • 2020 - $90,750
  • 2019 - $89,145
  • 2018 - $86,971
  • 2017 - $85,601
  • 2016 - $84,837

About the maximum wage rate

The maximum wage rate is sometimes referred to as “maximum assessable earnings.” The maximum assessable earnings amount is relevant to employers. It establishes a cap on the premiums they pay.

The maximum wage rate is relevant to claimants. It sets a ceiling on the amount injured workers will receive in loss-of-earnings benefits.

The maximum wage rate is set by our Board of Directors each year according to Section 3 of the Workers’ Compensation Act. It rises with the Consumer Price Index.

The maximum assessable earnings amount is always equivalent to the maximum wage rate.

For claimants

The maximum wage rate sets a maximum amount from which wage-loss benefits are calculated.

Claimants who are being compensated for lost wages receive 75% of their gross pre-injury earnings, tax-free. A claimant who earns $45,000 per year would receive 75% of $45,000, pro-rated to the amount of time they were off work. A claimant who earns $100,000 per year would receive 75% of the current maximum wage rate, not 75% of $100,000.

For employers

The maximum assessable earnings amount limits the premiums employers pay, regardless of what individual workers’ salaries are. An employer who pays a worker $45,000 per year is assessed on the $45,000. An employer who pays a worker an annual salary of $100,000 is assessed on the current maximum assessable earnings, not the worker’s $100,000 salary.