The Ontario government has announced that the Workplace Safety and Insurance Board (WSIB) will reduce its average premium rate from $1.23 to $1.18 per $100 of insurable payroll, effective January 1, 2027.
The reduction is expected to save Ontario employers approximately $160 million next year.
Visit WSIB 2027 Premium Rates to learn more.
For the Non-Residential Building construction sector, the accompanying 2027 Business Rate Profile – Class G6 indicates that the class will see its class rate decrease by 1.9 per cent, from $1.61 in 2026 to $1.58 in 2027.
Key highlights for Class G6 include:
- The 2027 class rate will decrease from $1.61 to $1.58 per $100 of insurable earnings.
- 92 per cent of businesses in Class G6 will see their premium rate decrease or remain unchanged.
- This figure excludes:
- New businesses whose rates will be assigned at the 2027 class rate; and
- Businesses with provisional insurable earnings whose rates will be recalculated once earnings are reported after April 30, 2027.
The province notes that more than 80 per cent of premium-paying employers across Ontario will benefit from a premium reduction in 2027.
While premium rates vary by employer, members are encouraged to review both their individual rate statements and the attached 2027 Business Rate Profile for Class G6 and assess any impacts on budgeting and project costing for the coming year. Individual premium rate statements will be available through WSIB online services beginning in November.
