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Rate Framework

The WSIB is introducing the rate framework, a new premium rate setting model that has a clear and simple classification method and structure for determining your premium rate. This page will be your resource for information and updates about the rate framework while we transition to the new model.

If your new classification is incorrect click on the button below. You will need the following:
  1. Your rate framework letter ID
  2. Visit the Statistics Canada website to confirm your new NAICS classification
  3. If your account has more than 6 business activities, please call the WSIB


What is the Rate Framework?

We are changing the way we set premium rates for the 300,000 Ontario businesses covered by our workplace injury and illness insurance because every business deserves a system that is fair, transparent and easy to understand.

Our new premium rate setting model is called the rate framework. The rate framework is an innovative rate setting structure that is intended to increase the transparency of the premium rate setting process. The rate framework will change the way Schedule 1 employers are classified, and the way their premium rates are set and adjusted.

Our rate framework will be implemented on January 1, 2020. As we transition into the new model, the WSIB is launching an intensive engagement campaign to ensure you are prepared for the coming changes. Check the website often for announcements, updates and news about upcoming webinars.

What is changing?

Rf-icon simplerSimpler Classification

We are simplifying how your business will be classified by adopting the North American Industry Classification Structure system, or NAICS. NAICS is already used by Statistics Canada, the Canada Revenue Agency and is a North American standard. The NAICS structure is used by Statistics Canada and the Canada Revenue Agency to classify employers all across Canada. It will help us simplify and streamline our classifications, to make it easier to understand why your business and other businesses are classified the way they are.

In the rate framework, employers will be assigned to a Predominant Class. This is generally based on the Class that represents the employer’s largest percentage of insurable earnings.

Rf-icon fairFair Premium Rates

The rate framework provides an approach that ensures a fair premium for workplace coverage, and is based on each employer’s individual risk and claims experience.

Rf-icon stabilityPremium Rate Stability

The rate framework takes a prospective rate setting approach. This means that in addition to your annual rates you will be given projected premium rates in advance, which will act as an early indicator of the direction of your premium rates. This will help keep you informed and prepared for any changes to your rates in the future. As well, any rate changes as a result of the new model will be phased over time, to allow you to adjust.

Rf-icon understandingEasy to Understand

With a standardized classification system, the rate framework will be very clear, simple and easy to understand, and promotes active and informed participation by all parties.

Rf-icon collectiveCollective Liability

We will continue our risk sharing arrangement among all employers who collectively pay premiums to maintain the insurance fund. The rate framework is revenue neutral – the overall total amount of premium dollars collected by the WSIB will not change.

Rf-icon adminEase of Administration

Since the rate framework is very clear in its classification and rate setting approach, this will mean a more efficient and effective system for employers and for the WSIB to administer and maintain.

See our Policy consultation

We are accepting input on seven draft policies to support the implementation of the rate framework.

To take part in this consultation, please review the information on the Rate Framework Policy Consultation page and provide your feedback to consultation_secretariat@wsib.on.ca by January 15, 2018.

Rf-icon callContact us

If you have more questions or would like information about upcoming engagement sessions near you, please email: Consultation_Secretariat@wsib.on.ca

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