In November 2024, the Government of Ontario announced the Workplace Safety and Insurance Board (“WSIB”) would return $2 billion in surplus funds to eligible Ontario businesses; 280,000 businesses qualified. These businesses received their surplus rebate in February and March, 2025.
Now, the Government has announced it will distribute an additional $2 billion in surplus funds to help Ontario businesses respond to the economic uncertainty resulting from the Trump tariffs (“Spring Surplus Rebate”). The Spring Surplus Rebate will be provided to select Schedule 1 businesses, and the WSIB will announce eligibility criteria soon. Sherrard Kuzz LLP will keep readers apprised.
If an employer is eligible for the Spring Surplus Rebate, the WSIB will apply the rebate as a credit to the employer’s account, and automatically apply the credit against future premiums owed. If an employer is up to date with its premium payment and reporting obligations, it can request a cheque for any credits on its account.
To learn more and for assistance with any workplace safety and insurance matter, contact your Sherrard Kuzz LLP lawyer, or info@sherrardkuzz.com
Angela Powell and Jemma Lewis are lawyers with Sherrard Kuzz LLP, one of Canada’s leading employment and labour law firms, representing employers. Angela and Jemma can be reached at 416.603.0700 (Main), 416.420.0738 (24 Hour) or by visiting www.sherrardkuzz.com. The information contained in this article is provided for general information purposes only and does not constitute legal or other professional advice, nor does accessing this information create a lawyer-client relationship. This presentation/article is current as of April 11, 2025 and applies only to Ontario, Canada, or such other laws of Canada as expressly indicated. Information about the law is checked for legal accuracy as at the date the presentation/article is prepared but may become outdated as laws or policies change. For clarification or for legal or other professional assistance please contact Sherrard Kuzz LLP.
