Maximum Assessable Earnings

Under Section 137(2) in The Workers’ Compensation Act, 2013 (Act), the Workers’ Compensation Board is required to set a maximum assessable wage rate for each year. The maximum assessable wage rate for 2018 will be $82,627.

2015 2016 2017 2018 2019
$65,130 $69,242 $76,086 $82,627 $88,314

Employers are not required to pay premiums on earnings above the maximum amount per worker per year. The maximum amount per person may change from year to year.

Example: A worker’s gross earnings for 2019 are $100,000. The maximum amount per person for 2019 is $88,314. The employer would report $88,314 assessable earnings for this worker.

Example: Company ABC has two workers, worker A earning $100,000 and worker B earning $40,000. Taking into account the per person maximum for 2019, the estimate of wages for 2019 will be:

$88,314 for worker A
+ $40,000 for worker B
$128,314 total estimate for 2019

Employers are asked to provide a payroll estimate at the beginning of the year so the WCB can determine employers’ premiums. This payroll estimate should be an accurate reflection of what an employer will pay to their workers up to the maximum that year.

The estimate needs to remain current because premiums are due in the coverage year to which they apply. If actual wages are 50 per cent higher than the estimate, an underestimate penalty will apply. Employers can revise their payroll estimate at any time during the year.

Employers only need to report wages for each worker up to the maximum assessable earnings each year.

For more information, see the Reporting Assessable Earnings fact sheet.

If you have further questions, contact Employer Services by emailing or calling toll-free 1.800.667.7590.

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