Queen's Park is proposing giving money back $2.5-billion to workers and businesses through Workplace Safety and Insurance Board (WSIB) surpluses. Eligible em
Queen’s Park is proposing giving money back $2.5-billion to workers and businesses through Workplace Safety and Insurance Board surpluses.
The are also looking to remove the $150 fee for apprentices taking their first exam which they say will make it easier for people to start a career in the skilled trades. Cutting the average premium rate for Ontario businesses from $1.30 to $1.25 per $100 of insurable payroll through the WSIB starting in 2025, without reducing benefits. This is the lowest rate in half a century and will save Ontario businesses about $150 million annually starting in 2025 when compared to the 2024 rate. Over the past decade, the WSIB has cut the average premium rate by more than 50 per cent, resulting in cumulative savings for businesses of approximately $18.6 billion since 2017.
Removing the $150 fee for apprentices taking their first Certificate of Qualification exam, making it easier for more people to start their career in the skilled trades. When combined with other fee reductions and removals that the province has implemented since 2019, Ontario is saving each apprentice at least $330, putting almost $3.6 million back into the pockets of nearly 11,000 apprentices.
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