On January 1st of each year, the WCB adjusts (increases or decreases) long-term benefits by one half of the percentage change in the Consumer Price Index for the preceding year.  The Consumer Price Index is essentially a cost-of-living adjustment.  We use the annual average Consumer Price Index calculated by Statistics Canada.

The CPI increase is 0.6% for 2014.

The CPI is calculated by Statistics Canada, and a more detailed definition/explanation can be found at www.statcan.gc.ca. Statistics Canada calculates a CPI figure for Canada, as a whole, and for each province, individually. The figures may be different. The WCB applies a formula to eligible benefits, which is based on the Nova Scotia CPI.

If you have questions after reading this information, please call us at (902) 491-8999 in Halifax, or 1-800-870-3331 toll free in Nova Scotia.