WCB returns $90M in surplus rebates
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The Workers Compensation Board of Manitoba has returned $90 million in premiums after a “positive 2025 year-end financial performance.”
The return was made to eligible employers earlier this month through a credit toward their 2026 premiums, and was given after a surplus built up through investment returns and financial management over several years, according to a news release on Monday.
“The board has taken a balanced approach that allows us to return $90 million to eligible employers while continuing to invest in the long-term strength of Manitoba’s workers compensation system,” said Colin Robinson, WCB board chair. “This includes ongoing investments in prevention initiatives, return-to-work supports and improvements to our business systems.”
Employees will receive a credit equal to 35 per cent of their 2025 actual premium if they fulfilled their payroll reporting responsibilities and owed the WCB a premium for last year. The credit is taxable.
The board keeps a reserve fund with a target 130 per cent funding ratio. Its funding is reviewed every year.
The Canadian Federation of Independent Business welcomed the news Monday.
“Today’s rebate is positive news for Manitoba small businesses at a time when many continue to face rising costs and economic uncertainty,” Brianna Solberg, CFIB director for the Prairies and northern Canada said in a release.
“Employers fund this system, and returning surplus funds allows business owners to reinvest in their operations, support employees, improve workplace safety, and manage ongoing cost pressures.”
— Free Press staff