Prior to Wednesday’s (sep 25) cabinet meeting, Minister of Labour and Lambton-Kent-Middlesex MPP Monte McNaughton was making an announcement at a Toronto YMCA about giving non-profits financial breaks.
A five-year freeze is now in place for non-profit organizations Workplace Safety and Insurance Board premiums. Earlier, the WSIB introduced their new rate framework for every organization and business in Ontario.
McNaughton said he stepped in to ensure the non-profits, who typically operate on razor-thin budgets, be collateral damage.
He estimates there will be $17 million in lost WSIB premiums from the freeze. McNaughton said the board worked with him when he approached them.
In a separate announcement earlier this week, McNaughton spoke to the elimination of the workplace insurance board’s long-standing unfunded liability, meaning about 75 percent of employers will pay lower premium rates and 25 percent will see increases.
