Ontario Premier Doug Ford announced eligible businesses will receive a share of a $2 billion surplus returned by the WSIB, marking a second distribution since 2022.
The WSIB is also reducing the average premium rate from $1.30 to $1.25 per $100 of insurable payroll, providing further financial relief to employers.
Ford highlighted that a new WSIB Health and Safety Excellence program will award $1,000 to businesses that implement a new health and safety action plan.
Additionally, the province is eliminating a $150 fee for apprentices taking their first Certificate of Qualification exam, facilitating entry into the trades.
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