Effective January 1, 2026, Policy 44/2025 clarifies how Workers’ Compensation Board (WCB) penalties and credits apply when estimated payroll differs from actual payroll. Employers must estimate current-year payroll and report prior-year actuals. If the difference exceeds 50%, WCB will adjust premiums and may charge penalties or apply credits.
A key change is that penalties and credits are now based on the employer’s firm rate rather than the industry rate.
Employers should:
- Review payroll estimates carefully; and
- Update internal processes to avoid penalties and maximize potential credits.