On January 1, 2020, the WSIB ushered in a new era of enhanced transparency and clarity in premium rate setting for almost 300,000 businesses across Ontario. Our new premium rate-setting model introduces new classifications for businesses, provides greater foresight into future rate changes and more insight around how your premium rate is set and adjusted. To ensure a smooth transition to the new model, all premium rate changes will be staggered over three years.
Janine Dyck, Vice President of Employer Services, WSIB Ontario
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