WCB Nova Scotia announced today that pending continued financial sustainability, WCB will be in a position to reduce employer rates in 2027 – the first rate cut in 30 years. 

Saving businesses across Nova Scotia tens of millions of dollars, it’s a bold, responsible strategic plan, service improvements and strong alignment across the system that has allowed WCB this opportunity to lower rates. 

WCB’s Approved Rate Range allows for consideration of rate changes when the funded percentage is between 90 and 115 per cent; WCB’s current financial position of 106 per cent funded and progress in injury prevention means a rate reduction can finally be considered. 

Next year’s rates have already been set; employers can check MyAccount to see their rate for 2026. 

The anticipated rate cut in 2027 will be balanced with government’s intention to restore benefits to people injured at work that same year, indexing to 100 per cent of inflation annually. 

This change to benefits is part of a suite of amendments to the Workers’ Compensation Act announced by government today to improve supports for Nova Scotians. 

“This is a good news story and long overdue positive change, made possible through a responsible Strategic Plan, and our strong partnership with Government,” says WCB CEO Karen Adams. “And, this is only the start. By continuing to work together, we can continue the progress we are making.”   

WCB is on a path to help build a fair and responsive workers’ compensation system for generations to come.  

Guided by a bold strategic plan that aims to protect more workers from injury and return an estimated 1,000 Nova Scotians back to the workforce by 2030, these changes are another part of this transformative mission. 

Read the government’s full announcement here.