Document name
Default in Assessment Payment
Document number
PRO 15/2023

Effective date: January 1, 2024

Application: Applies to all defaulting employers.

Policy subject: Employer payroll and premiums


To establish the 2024 penalty for default in assessment payments.


Policy section content
Section detail
  1. The Workers’ Compensation General Regulations, 1985 directs the Workers’ Compensation Board (WCB) to apply a penalty when an employer fails to pay an assessment when it is due (Section 8).
  2. The penalty is a percentage of the amount in default, including any prior penalties, and will be equal to:
    1. The Bank of Canada bank rate on October 31 of the prior year, and
    2. Six per cent.
  3. The Bank of Canada rate effective October 31, 2023 is 5.00 per cent.
  4. The Chief Executive Officer (CEO) has the authority to approve updates to the penalty percentage. As this is set in accordance with the specific directions provided in the Regulations, the CEO authorizes the Assistant Director of Legal and Policy to revise this annual penalty following the release of the October 31 Bank of Canada rate.


Policy section content
Section detail
  1. When an employer fails to pay their assessment by the due date, a penalty will be applied to their account in the month following the payment due date.
  2. Effective January 1, 2024:
    1. The annual penalty will be 11.00 per cent.
    2. The monthly rate will be 0.92 per cent.

Policy references

Policy reference content

Section heading

Legislative Authority

Section heading

Document History

Section detail
  1. PRO 12/2019, Default in Assessment Payment (effective January 1, 2020 to December 31, 2023)
  2. PRO 12/209, June 1, 2023, Updated reference to Manager of Corporate Policy to Assistant Director of Legal and Policy.
  3. PRO 12/2019, November 17, 2022, Penalty updated by Manager of Corporate Policy for 2023.
  4. PRO 12/2019, December 8, 2021, Penalty updated by Manager of Corporate Policy for 2022.
  5. PRO 12/2019, November 9, 2020, Penalty updated by Manager of Corporate Policy for 2021.
  6. PRO 53/2018, Default in Assessment Payment – 2019 (effective January 1, 2019 to December 31, 2019).
  7. PRO 58/2017, Default in Assessment Payment – 2018 (effective January 1, 2018 to December 31, 2018).
  8. PRO 59/2016, Default in Assessment Payment – 2017 (effective January 1, 2017 to December 31, 2017).

Section heading


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