Workers’ Safety and Compensation Board announces $10 million rebate
For the seventh time since 2015, WSCB will distribute a rebate to eligible employers. The rebate amounts to $10 million.
Rebates are one method for bringing the Compensation Fund—the fund used to compensate and care for injured workers—closer to its target range of between 121 and 129 percent. The range is designed to keep employer assessment rates stable and to protect the Fund from catastrophic workplace events and fluctuations in global financial markets. When the Compensation Fund is within the range, funds are available to meet not only the current and future costs for injured workers but also any future unanticipated costs.
At the end of 2025, the Compensation Fund’s funded position was 156% of total liabilities, up from 138% in 2024. The increase is due to a collective commitment to workplace safety across the territory, and relatively strong investment returns in 2025.
Eligible businesses will receive their rebate as an automated credit applied directly to their assessment accounts. For closed or inactive businesses, or in specific cases, the rebate will instead be issued via cheque.
To be eligible, employers must have held an active account in 2025 and remain in good standing with all reporting and regulatory compliance obligations.
Quotes
This $10 million rebate reflects our commitment to financial accountability and maintaining a sustainable fund. By returning these surplus funds, we ensure the system remains stable and resilient for both workers and employers.– Workers' Safety and Compensation Board President/CEO, Catherine Jones
Contact
Taryn Bricknera/Manager, Social Marketing and Communications
Workers’ Safety Compensation Board
867-334-1462
[email protected]