Canada's construction news
TORONTO — Ontario’s Workplace Safety and Insurance Board has announced it’s holding premium rates steady for businesses in 2024 with little change in rates for the five ICI construction classes.
ICI construction firms are in separate classes from residential constructors. For Class G2, with firms in Infrastructure construction, the rate will be 1.80, down slightly from the 2023 rate which was 1.81; the rate for Foundation, Structure and Building Exterior Construction employers is 3.51 for 2024, a drop from 3.60 in 2023; and the rate for Building Equipment Construction will be 1.52 next year, up slightly from 1.50 this year.
Businesses can access their individual 2024 premium rate statements by logging in to their account at wsib.ca.
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