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Rebate details and timing
The new rebate rolls out by June 2025, possibly earlier. It’s based on each employer’s 2024 insurable earnings, with most receiving back around 60% of the premiums paid for that year.
“If your insurable earnings went up, you’ll get a bigger rebate. If they went down, you’ll get a smaller one,” Lang explains.
The WSIB draws the funds from its reserves, made possible by strong financial performance and improved return-to-work outcomes. Lang confirms the WSIB’s funding ratio sits at 118%, and the rebate won’t affect the board’s ability to fund benefits.
“These are employers’ dollars,” he says. “We’re doing a much better job of getting people back to…