Employers Must Act to Reduce Workers’ Compensation Costs

January 27, 2025 | Angela Powell

At any given time, up to 12% of the workforce in Canada is off work due to injury and receiving related benefits, including workers’ compensation. In 2023, workers’ compensation boards across Canada paid out approximately $9 billion worth of benefits to workers. The costs of these benefits are borne by employers that fund the workers’ compensation systems across Canada.

To control workers’ compensation costs it is critical that employers engage early, and often, with boards such as Ontario’s Workplace Safety and Insurance Board (WSIB). Ignoring the issue or waiting to get involved can have significant cost consequences for an employer.

To read the full Sherrard Kuzz LLP Briefing Note please click here.