Updating Workers' Compensation Rates for 2024

Dec 22
Year-end is the perfect time to make sure that all of your information is entered correctly within Wagepoint, including your 2024 Workers’ Compensation rates.

Contact your provincial WSIB/WCB agency to confirm your Workers’ Compensation rates for 2024. To apply these rates, navigate to Settings > Workers’ Compensation and update your rates for 2024 before you run your first payroll for a pay date in 2024.

More information about setting up and editing your Workers’ Compensation rates can be found here.

Important notes about Workers’ Comp rates.

  • If your Workers’ Compensation rates are changing for 2024, you will not be able to enter them in Wagepoint until you run the last payroll of 2023 and reports are available on your behalf. 
  • Wagepoint can only handle the WSIB/WCB remittances on your behalf. For all provinces and territories other than Nova Scotia, we are not authorized to complete your WSIB/WCB reporting. However, to help you complete your reporting accurately, we provide a handy Workers' Compensation Report, which can be found in your Reports tab. More information about WC calculation, remittance, and reporting capabilities in Wagepoint can be found here.

Find your rates.

Check directly with the appropriate board for your province/territory for the latest rates.