Welcome to our toolkit for associations. Here you will find information about how we will distribute surplus rebates to eligible businesses in April 2022.
Use this toolkit to share information in your newsletters, social media and websites to raise awareness about the rebate. The toolkit includes:
- Social media posts
- Article
- Downloadable graphics
- Website content
- Website button
- Frequently asked questions
Social media
The following content can be used to help boost awareness about the surplus rebate in 2022. Please share or repost existing content on the WSIB’s social platforms or develop original posts using the copy and images provided below.
Twitter (@WSIB)
Option 1
The WSIB’s insurance fund surplus allows for up to $1.5 billion in total to be rebated to eligible businesses. Rebates will help businesses recover from the COVID-19 pandemic and support investments in health and safety improvements. For more information visit wsib.ca/rebate.
Option 2
The WSIB's improved financial and investment strategy allows for rebates to eligible Ontario businesses in April 2022. Learn more about the rebate and eligibility criteria.
LinkedIn/Facebook (linkedin.com/company/wsib)
*Please note: The WSIB does not have an official Facebook account and therefore cannot be tagged in posts. Feel free to share content and direct users to the WSIB’s website.
Option 1
The Workplace Safety and Insurance Board’s (WSIB) improved financial and investment strategy along with positive operational results has led to a surplus in their insurance fund. This surplus allows for up to $1.5 billion in total to be rebated to eligible businesses. Surplus rebates will help businesses with their post-pandemic recovery as well as support investments in health and safety. If your business is eligible, a rebate credit will be applied to your account in April 2022. For more information about the WSIB’s rebate announcement, visit our website.
Option 2
The Workplace Safety and Insurance Board’s improved financial and investment strategy allows for up to $1.5 billion in total to be rebated to eligible businesses. If your business is eligible, a rebate credit will be applied to your account in April 2022. Find more information on our website.
Downloadable graphics
These downloadable graphics are available to post with the suggested social media copy provided above or using custom copy that relates to the surplus rebate. Dimensions for the graphics are the standard sizing (1200 pixels x 628 pixels) and applicable for posts on Twitter, LinkedIn and Facebook on both desktop and mobile.
To download a graphic, right click and select ‘save image as’.
Website content
Please adapt or rearrange any of the following bullets to include as copy on your association’s website or as part of an online Q&A page:
- The WSIB’s improved financial and investment strategy along with positive operational results has led to a surplus in their insurance fund.
- This surplus represents funds above and beyond what the WSIB needs today and into the future to protect their ability to help people who have suffered an injury or illness recover and return to work, make further strategic investments, and also maintain a healthy reserve to ensure long-term premium rate stability.
- The WSIB knows that many Ontario businesses suffered greatly with the impact of the COVID-19 pandemic. Rebating surplus funds can help assist in business’ post-pandemic recovery as well as support investments in health and safety.
- The rebate of surplus funds above the WSIB’s needed reserve recognizes the important role Ontario businesses play in funding the WSIB’s no-fault work-related injury and illness insurance system, while protecting coverage for people with work-related injury or illness.
Website button
The WSIB website has lots of information about the 2022 surplus rebate. To help your members easily find this information, we have created two button options for your website that will link directly to the surplus rebate webpage.
Your web administrator can copy and paste the html code into your website to add either of the buttons on your website.
Article
To provide your members with an overview of the surplus distribution, the following article can be used in your association newsletter or posted on your website.
FAQs
Why does the WSIB have a surplus?
Our improved financial and investment strategy along with positive operational results has led to a surplus in our insurance fund. A surplus above and beyond our needed reserve allows a rebate to businesses this year.
How/when will surplus funds be distributed?
A rebate of surplus funds credit will be applied to eligible business’ accounts in April 2022. Credits will be displayed on their statement of account.
Who is eligible to receive the surplus credit?
Businesses must meet all the following eligibility requirements to receive a rebate of surplus funds in April 2022:
- have an active account as of January 31, 2022
- had premium obligations in either 2019 or 2020
- have not been convicted of a Workplace Safety and Insurance Act or an Occupational Health and Safety Act offence in a proceeding under Part III of the Provincial Offences Act in 2021 or in 2022 up to and including the date the WSIB issues rebates
- have not been convicted in more than one such proceeding between 2017 and 2022 up to and including the date the WSIB issues rebates
In recognition of the significant impact the COVID-19 pandemic has had on many businesses, a business’s rebate will be approximately 30 per cent of their premiums paid in 2019 or 2020, whichever is higher.
Can I have a cheque instead of a credit?
A rebate of surplus funds credit will be applied to eligible business’ accounts in April 2022. Your credit amount will be displayed on your statement of account. You can find more information on our website.
Businesses can use surplus rebates to pay future premiums, invest in health and safety improvements and support, such as joining the Health and Safety Excellence program or fund other needed investments.
Businesses up to date with their premium payment and reporting can contact [email protected] to receive their surplus credit by cheque after it has been applied to their account.
Will benefits to people with work-related injury or illness be impacted as a result of the surplus?
Surplus distribution will not impact benefits paid to people with work-related injury or illness.
For more information and a complete list of FAQs, visit wsib.ca/rebate.
Stay connected
For other questions about the rebate of surplus funds, please contact us at [email protected].