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Schedule 2: 2017 actual administration rates

At the beginning of each year, we set a provisional administration rate, which we use to determine your monthly administration charges for that year.

When we complete our year-end financials, we look at actual experience over the year compared to projections and then determine what your actual administration rate should have been. At that time, we will either charge you or credit you the difference between the provisional and actual rates as a one-time adjustment. For 2017, because the actual benefit payments were higher than projected, we will provide Schedule 2 businesses with a credit.

If you have any questions about this update, please contact your Schedule 2 Account Service Representative or the Schedule 2 general revenue enquiry number at 416-344-3646 or toll-free at 1-800-387-0750.

2017 actual administration rate for provincially regulated businesses

Your 2017 actual administration rate decreased to 29.73% from the provisional rate of 35.5%. As a result, you will receive a one-time credit adjustment.

Costs Allocated To Employers

Provisional ($000s)

Actual ($000s)

Adjustment ($000s)

WSIB Administration

47,133

43,112

(4,021)

Legislative Obligations

2,913

3,491

578

Ministry of Labour – Prevention & Occupational Health & Safety Act

15,127

18,719

3,592

Other Expenses Collectively Charged *

4,838

4,151

(687)

Total Costs

70,011

69,473

(538)

Total Benefits

197,049

233,700

36,651

Administration Rate (Costs/Benefits x 100%)

35.5%

29.73%

-5.77%

*Includes bankruptcies, net interest gain/loss, interest on delayed benefits, & benefit overpayments

2017 actual administration rate for federally regulated businesses

Your 2017 actual administration rate decreased to 21.72% from the provisional rate of 27.9%. As a result, you will receive a one-time credit adjustment.

Costs Allocated To Employers

Provisional ($000s)

Actual ($000s)

Adjustment ($000s)

WSIB Administration

6,138

4,389

(1,749)

Legislative Obligations

379

355

(24)

Ministry of Labour – Prevention & Occupational Health & Safety Act

0

0

0

Other Expenses Collectively Charged *

630

423

(207)

Total Costs

7,147

5,167

(1,980)

Total Benefits

25,662

23,791

(1,871)

Administration Rate (Costs/Benefits x 100%)

27.9%

21.72%

-6.18%

*Includes bankruptcies, net interest gain/loss, interest on delayed benefits, & benefit overpayments

2017 actual administration rate for employers covered under the Government Employees Compensation Act

Your 2017 actual administration rate decreased to 21.56% from the provisional administration rate of 27.6%. As a result, you will receive a one-time credit adjustment.

Costs Allocated To Employers

Provisional ($000s)

Actual ($000s)

Adjustment ($000s)

WSIB Administration

9,131

8,598

(533)

Legislative Obligations

564

696

132

Ministry of Labour – Prevention & Occupational Health & Safety Act

0

0

0

Other Expenses Collectively Charged *

829

752

(77)

Total Costs

10,524

10,046

(478)

Total Benefits

38,174

46,606

8,432

Administration Rate (Costs/Benefits x 100%)

27.6%

21.56%

-6.04%

*Includes bankruptcies, net interest gain/loss, interest on delayed benefits, & benefit overpayments

Learn more:

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