WSIB to eliminate unfunded liability charge in 2020

More than 220,000 businesses in Ontario to see premiums reduced

WSIB to eliminate unfunded liability charge in 2020
The WSIB will officially eliminate its unfunded liability charge beginning in January 2020. Shutterstock

Ontario's Workplace Safety and Insurance Board (WSIB) is ending its unfunded liability charge, leading to a $607-million reduction in costs to business, according to Minister of Labour Monte McNaughton.

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