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’ll either apply a one-time credit or debit adjustment to your account for the difference between the provisional and actual rate.
For 2023, Schedule 2 organizations will have a small one-time debit adjustment. The 2023 actual administration rates are higher than the 2023 provisional because the 2023 provisional rates didn’t include a provision for the addition of the 2023 loss-of-earnings recalculation payments and 2023 firefighter presumptive cancer amendments.
The following tables provide details about the 2023 administration rate adjustment.
- 2023 actual administration rate for provincially regulated organizations
- 2023 actual administration rate for federally regulated organizations
- 2023 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.
2023 actual administration rate for provincially regulated organizations
Your 2023 actual administration rate increased to 18.63 per cent from the provisional rate of 18.3 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 | 56,882 | 55,960 | -922 |
| Legislative obligations | 3,182 | 3,857 | 675 |
| Ministry of Labour, Immigration, Training, and Skills Development – Prevention and Occupational Health and Safety Act | 33,088 | 34,879 | 1,791 |
| Other expenses collectively charged * | 3,239 | 12,353 | 9,114 |
| Total costs | 96,391 | 107,049 | 10,658 |
| Total benefits | 525,558 | 574,572 | 49,014 |
| Actual administration rate (Costs/Benefits) x 100% | 18.3% | 18.63% | 0.33% |
* Includes bankruptcies, net interest gain/loss, interest on delayed benefits, benefit overpayments, and interest on underpayments and overpayment credits issued as part of the loss-of-earnings recalculation payments
2023 actual administration rate for federally regulated organizations
Your 2023 actual administration rate increased to 12.56 per cent from the provisional rate of 12.0 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 | 3,167 | 3,141 | -26 |
| Legislative obligations | 177 | 216 | 39 |
| Ministry of Labour, Immigration, Training, and Skills Development – Prevention and Occupational Health and Safety Act | 0 | 0 | 0 |
| Other expenses collectively charged * | 180 | 693 | 513 |
| Total costs | 3,524 | 4,050 | 526 |
| Total benefits | 29,256 | 32,244 | 2,988 |
| Administration rate (Costs/Benefits) x 100% | 12.0% | 12.56% | 0.56% |
* Includes bankruptcies, net interest gain/loss, interest on delayed benefits, benefit overpayments, and interest on underpayments and overpayment credits issued as part of the loss-of-earnings recalculation payments
2023 actual administration rate for organizations covered under the Government Employees Compensation Act
Your 2023 actual administration rate increased to 12.49 per cent from the provisional administration rate of 12.0 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 | 6,925 | 6,457 | -468 |
| Legislative obligations | 387 | 445 | 58 |
| Ministry of Labour, Immigration, Training, and Skills Development – Prevention and Occupational Health and Safety Act | 0 | 0 | 0 |
| Other expenses collectively charged * | 346 | 1,380 | 1,034 |
| Total costs | 7,658 | 8,282 | 624 |
| Total benefits | 63,981 | 66,297 | 2,316 |
| Administration rate (Costs/Benefits) x 100% | 12.0% | 12.49% | 0.49% |
* Includes net interest gain/loss, interest on delayed benefits, benefit overpayments, and interest on underpayments and overpayment credits issued as part of the loss-of-earnings recalculation payments