Document name

Maximum Assessable Wage Rate

Document number

POL 11/2023

Effective date: January 1, 2024

Application: Applies to all employers.

Purpose:

To establish the maximum assessable wage rate for 2024.

BACKGROUND

Section 137(2) of The Workers’ Compensation Act, 2013 directs the Workers’ Compensation Board to set a maximum assessable wage rate for each year.

Effective January 1, 2024, the Board Members have determined that the maximum assessable wage rate will be $99,945 per worker per calendar year.
In subsequent years, the maximum assessable wage rate will be adjusted in accordance with the maximum wage rate.

POL 10/2022, Maximum Assessable Wage Rate – 2023 (effective January 1, 2023 to December 31, 2023).
POL 15/2021, Maximum Assessable Wage Rate – 2022 (effective January 1, 2022 to December 31, 2022).
POL 08/2020, Maximum Assessable Wage Rate – 2021 (effective January 1, 2021 to December 31, 2021)
POL 10/2019, Maximum Assessable Wage Rate – 2020 (effective January 1, 2020 to December 31, 2020).
POL 05/2018, Maximum Assessable Wage Rate – 2019 (effective January 1, 2019 to December 31, 2019).
POL 16/2017, Maximum Assessable Wage Rate – 2018 (effective January 1, 2018 to December 31, 2018).
POL 25/2016, Maximum Assessable Wage Rate – 2017 (effective January 1, 2017 to December 31, 2018).
POL 05/2015, Maximum Assessable Wage Rate – 2016 (effective January 1, 2016 to December 31, 2016).
POL 18/2014, Maximum Assessable Wage Rate – 2015 (effective January 1, 2015 to December 31, 2015).

Click here to download the WCB’s current Policy and Procedure Manual.