At the beginning of each year, we set a provisional administration rate for Schedule 2 organizations, 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 and then determine what your actual administration rate should have been. At that time, we will either credit or charge you the difference between the provisional and actual rates as a one-time adjustment.
For 2022, Schedule 2 organizations will receive a credit because the administration rates were lower than projected as a result of slightly higher administration expenses offset by an increase in benefits paid.
The following tables provide details about the 2022 administration rate adjustment.
- 2022 actual administration rate for provincially regulated organizations
- 2022 actual administration rate for federally regulated organizations
- 2022 actual administration rate for organizations covered under the Government Employees Compensation Act
Please contact your Schedule 2 Account Service Representative or our general revenue enquiry number at 416-344-3646 or toll-free at 1-800-387-0750, Monday to Friday from 7:30 a.m. to 6:00 p.m., if you have any questions about Schedule 2 administration rates.
2022 actual administration rate for provincially regulated organizations
Your 2022 actual administration rate decreased to 19.92 per cent from the provisional rate of 20.7 per cent. As a result, you’ll receive a one-time credit adjustment.
Costs allocated to organizations |
Provisional ($000s) |
Actual ($000s) |
Adjustment ($000s) |
---|---|---|---|
WSIB administration |
55,626 |
56,928 |
1,302 |
Legislative obligations |
2,826 |
3,065 |
239 |
Ministry of Labour, Immigration, Training, and Skills Development – Prevention and Occupational Health and Safety Act |
27,686 |
32,931 |
5,245 |
Other expenses collectively charged * |
3,411 |
3,449 |
38 |
Total costs |
89,549 |
96,373 |
6,824 |
Total benefits |
432,124 |
483,740 |
51,616 |
Actual administration rate (Costs/Benefits) x 100% |
20.7% |
19.92% |
-0.78% |
* Includes bankruptcies, net interest gain/loss, interest on delayed benefits and benefit overpayments
2022 actual administration rate for federally regulated organizations
Your 2022 actual administration rate decreased to 13.11 per cent from the provisional rate of 14.3 per cent. As a result, you’ll receive a one-time credit adjustment.
Costs allocated to organizations |
Provisional ($000s) |
Actual ($000s) |
Adjustment ($000s) |
---|---|---|---|
WSIB administration |
3,465 |
3,441 |
(24) |
Legislative obligations |
176 |
185 |
9 |
Ministry of Labour, Immigration, Training, and Skills Development – Prevention and Occupational Health and Safety Act |
0 |
0 |
0 |
Other expenses collectively charged * |
213 |
208 |
(5) |
Total costs |
3,854 |
3,834 |
(20) |
Total benefits |
26,920 |
29,238 |
2,318 |
Administration rate (Costs/Benefits) x 100% |
14.3% |
13.11% |
-1.19% |
* Includes bankruptcies, net interest gain/loss, interest on delayed benefits and benefit overpayments
2022 actual administration rate for organizations covered under the Government Employees Compensation Act
Your 2022 actual administration rate decreased to 13.04 per cent from the provisional administration rate of 14.2 per cent. As a result, you’ll receive a one-time credit adjustment.
Costs allocated to organizations |
Provisional ($000s) |
Actual ($000s) |
Adjustment ($000s) |
---|---|---|---|
WSIB administration |
7,925 |
7,525 |
(400) |
Legislative obligations |
403 |
405 |
2 |
Ministry of Labour, Immigration, Training, and Skills Development – Prevention and Occupational Health and Safety Act |
0 |
0 |
0 |
Other expenses collectively charged * |
427 |
407 |
(20) |
Total costs |
8,755 |
8,337 |
(418) |
Total benefits |
61,570 |
63,942 |
2,372 |
Administration rate (Costs/Benefits) x 100% |
14.2% |
13.04% |
-1.16% |
* Includes net interest gain/loss, interest on delayed benefits, and benefit overpayments