Is Your Business Eligible for the WSIB Surplus Rebate?
The Workplace Safety and Insurance Board (WSIB) is set to distribute $2 billion in surplus funds to eligible Ontario businesses in February 2025. This initiative aims to support companies in enhancing workplace safety and investing in their operations. Here’s how to determine if your business qualifies for this rebate.
Eligibility Criteria
To be eligible for the WSIB surplus rebate, your business must meet the following conditions:
- Active Account and Premium Obligations: Your business must have an active WSIB account with premium payment obligations as of November 1, 2024, and have had premium obligations in 2023.
- Compliance with Safety Regulations: Your business should not have been convicted of any offences under the Workplace Safety and Insurance Act (WSIA) or the Occupational Health and Safety Act (OHSA) in 2024 or 2025, up to and including the date the WSIB issues the surplus rebate. Additionally, there should be no more than one such conviction between 2020 and 2025.
- Workplace Fatalities: Your business must not have had a traumatic workplace fatality attributed to it in 2024 or 2025, up to and including the date the WSIB issues the surplus rebate. Furthermore, there should be no more than one such fatality between 2020 and 2025.
- Affiliated Businesses: If your business is affiliated through common ownership with another business, ensure that the affiliated business also meets the above criteria.
Next Steps
In February 2025, the WSIB will notify businesses about their eligibility, and credit amounts will be displayed in eligible businesses’ online services accounts at that time.
For more information visit: https://www.wsib.ca/en/rebate