Limits On WSIB Premiums For 2021 - Employment and HR : vimar

Limits On WSIB Premiums For 2021 - Employment and HR


On Tuesday, December 8, 2020, the Ontario government introduced
Bill 238, the
Workplace Safety and Insurance Amendment Act,
2020. If passed, this legislation would prevent unexpected
increases to employers' WSIB premiums in 2021.
The proposed legislation would amend the
Workplace Safety
and Insurance Act, 1997 to implement a special rule in respect
of the calculation of WSIB premiums for the 2021 calendar year.
Generally, WSIB premiums are calculated with reference to the
"average industrial wage," an amount based on the average
weekly earnings industrial aggregate for Ontario as published by
Statistics Canada. However, because the COVID-19 pandemic has
caused significant job loss among lower-wage workers, the average

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