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 either apply a one-time credit or debit adjustment to your account for the difference between the provisional and actual rate.
For 2024, provincially regulated organizations will have a small one-time debit adjustment. The 2024 actual administration rate for provincially regulated organizations is higher than the 2024 provisional rate because of the addition of the 2023 and 2024 firefighter presumptive cancer amendments. Federally regulated organizations and organizations covered under the Government Employees Compensation Act will have a small one-time credit adjustment.
The following tables provide details about the 2024 administration rate adjustment.
- 2024 actual administration rate for provincially regulated organizations
- 2024 actual administration rate for federally regulated organizations
- 2024 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 5:00 p.m., if you have any questions about Schedule 2 administration rates.
2024 actual administration rate for provincially regulated organizations
Your 2024 actual administration rate increased to 17.24 per cent from the provisional rate of 16.9 per cent. As a result, you’ll have a small one-time debit adjustment.
| Costs allocated to organizations | Provisional ($000s) | Actual ($000s) | Adjustment ($000s) |
|---|---|---|---|
| WSIB administration | 62,702 | 61,389 | -1,313 |
| Legislative obligations | 3,976 | 4,108 | 132 |
| Ministry of Labour, Immigration, Training, and Skills Development – Prevention and Occupational Health and Safety Act | 35,793 | 40,159 | 4,366 |
| Other expenses collectively charged * | 5,125 | 9,909 | 4,784 |
| Total costs | 107,596 | 115,565 | 7,969 |
| Total benefits | 636,326 | 670,428 | 34,102 |
| Actual administration rate (Costs/Benefits) x 100% | 16.9% | 17.24% | 0.34% |
* Includes bankruptcies, net interest gain/loss, interest on delayed benefits, benefit overpayments, and interest on underpayments issued as part of the loss-of-earnings recalculation payments
2024 actual administration rate for federally regulated organizations
Your 2024 actual administration rate decreased to 11.25 per cent from the provisional rate of 11.3 per cent. As a result, you’ll have a small one-time credit adjustment.
| Costs allocated to organizations | Provisional ($000s) | Actual ($000s) | Adjustment ($000s) |
|---|---|---|---|
| WSIB administration | 3,370 | 3,241 | -129 |
| Legislative obligations | 214 | 217 | 3 |
| Ministry of Labour, Immigration, Training, and Skills Development – Prevention and Occupational Health and Safety Act | 0 | 0 | 0 |
| Other expenses collectively charged * | 276 | 524 | 248 |
| Total costs | 3,860 | 3,982 | 122 |
| Total benefits | 34,203 | 35,399 | 1,196 |
| Administration rate (Costs/Benefits) x 100% | 11.3% | 11.25% | -0.05% |
* Includes bankruptcies, net interest gain/loss, interest on delayed benefits, benefit overpayments, and interest on underpayments issued as part of the loss-of-earnings recalculation payments
2024 actual administration rate for organizations covered under the Government Employees Compensation Act
Your 2024 actual administration rate decreased to 11.19 per cent from the provisional rate of 11.2 per cent. As a result, you’ll have a small one-time credit adjustment.
| Costs allocated to organizations | Provisional ($000s) | Actual ($000s) | Adjustment ($000s) |
|---|---|---|---|
| WSIB administration | 6,830 | 6,127 | -703 |
| Legislative obligations | 433 | 410 | -23 |
| Ministry of Labour, Immigration, Training, and Skills Development – Prevention and Occupational Health and Safety Act | 0 | 0 | 0 |
| Other expenses collectively charged * | 517 | 951 | 434 |
| Total costs | 7,780 | 7,488 | -292 |
| Total benefits | 69,298 | 66,908 | -2,390 |
| Administration rate (Costs/Benefits) x 100% | 11.2% | 11.19% | -0.01% |
* Includes net interest gain/loss, interest on delayed benefits, benefit overpayments, and interest on underpayments issued as part of the loss-of-earnings recalculation payments