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2020	4.8 Satisfied (33 Votes)
2016	4.4 Satisfied (626 Votes)

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Where does WCB money come from?

1. Who pays for the WCB? The entire workers compensation system goes unfunded from the government, which means all costs are borne by employers. This means that you, the employer, pay premiums based on your type of business activity and about 95% of these paid premiums are experience-rated.

How is WCB calculated?

In most situations, your WCB benefit rate is based on 90% of net earnings. If your net earnings are less than or equal to minimum average earnings, your benefit rate will be 100% of net earnings.

What is WCB definition of an employer?

As an employer, you are responsible for making an effort to prevent illness and injury, report injuries that do occur, and help injured employees return to work. In addition, you are responsible for registering your business with your provincial WCB and paying the appropriate Workers Compensation insurance premiums.