How Assessment Rates are Set
Your WCB rate is the amount you pay for workplace injury insurance premiums. It’s calculated per $100 of of your payroll. For example, $2.65 rate means $2.65 for every $100 you pay in wages.
The rate is based on:
Insurance Rates and Premiums
WCB provides workplace injury insurance to help protect both employers and workers when injuries happen on the job. For this protection, you pay premiums based on your assigned rate.
WCB’s Rate Model
WCB’s Approved Rate Range Framework:
Maximum Assessable Earnings
WCB Nova Scotia sets a maximum amount of annual earnings to use when calculating: