SLCP PC

Stanley Lam Compensation Paralegal Professional Corporation

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Helping Employers Since 1990

 

Over the years, we've represented thousands of companies and our office is available to provide the specialized assistance you require. 

 

Unlike other management consulting firms, we strive in providing a better website experience to help with the immediate answers and stay proactive with constant updates.  We believe an informative and constantly updated website is a better reflection of our depth of knowledge and responsiveness to your specific needs.  As always, we're professionally committed to provide the needed management consulting resources quickly and effectively to control your WSIB/WCB costs. 

 

The following is the latest news for August 2010, with so many changes we identified a select few articles with additional information to be provided in the coming months. Older articles will be retained and added to the News Releases portion of this website.  

 

  • 2010 CDN Rates are now available for across the country.  You are welcome to contact us to discuss your classification or discuss details on the manner the Boards determined your rating.

 

 

 

 

  • WSIB to pay Harmonized Sales Tax (HST).  "Effective July 1, 2010, the WSIB is required to pay the new Harmonized Sales Tax (HST).  Pre-billing for services that will be provided beyond June 30 must reflect the different GST/HST provisions before and after July 1. It is the responsibility of the vendors, suppliers and service providers to determine which of their goods or services are subject to HST."  WSIB Website

 

  • Office of the Attorney General has released a Report of the 2009 WSIB Unfunded Liability.   Facts: WSIB is one of the highest premium rates in Canada; $11.5B UFL; lost $2.4B in 2008; UFL will be completed in 2022; operations only 54% Funded; 73% workforced is covered; EXR inbalance rebates > surcharges; and policies set by the govt ot WSIB.    Tabled in the Legislative Assembly of Ontario on December 7, 2009, the independent government Auditor describes the inner mysteries of the WSIB and their efforts to control the growing $11.5Billion Unfunded Liabilility (UFL). The 2009 article is fairly in-depth and describes in great detail areas in need of drastic improvement. A good read for interested parties involved with WSIB.

 

  • Experience Rating statements for NEER and CAD-7 have now been released for 2009.  We've uploaded copies of the Reserve Tables  to assist in calculating the costs of each claim.  The calculations can be overwhelming; please do not hesitate to contact us should you require additional assistance.

 

Due to our significant growth and frequent requests for information, we've added the following forums for further discussions and to network with other specialists operating within our industry.  The websites are free to join and we will continue to utilize the latest technology to provide assistance  whenever possible.  You are invited to join us and comment on any industry related issues for discussion or questioning.
 
  •    WSIB Compensation Paralegal Canada.  The largest in Canada and one of the top 15 in the world discussing workers compensation.  An open network to  express opinions or share information on WSIB/WCB, Integrated Disability Management,  Return to Work and Health & Safety related policies.
  •  SLCPPC_WSIB  One of the fastest growing Twitter sites involving WSIB.  We've posted our updates to ensure Followers can gain instant updates of our bulletins.
 
As we continue to grow we always welcome any interesting articles to share with our clients, please forward your comments through our Contact Us and we will consider adding your request.

History 

 

There are five basic cornerstones to the WC laws: No-Fault Compensation; Collective Liability; Security of Payment; Exclusive Jurisdiction and Independent Boards.  All provinces have their own exclusive WCB Boards, except NT & NU, the programs are combined.  
 

Funding is exclusively by employers (not by government).  Employers are charged premiums through an industry specific "Assessment” or "Premium” Rate per $100 of assessable payroll.  This will lead to financing other WCB initiatives involving Experience Rating and Claims Management programs. 

Costs to Employers

 

Assessment rates are based on: Industry Classification and Experience Rating to calculate WCB premiums.  All provinces have some form of Experience Rating merit rating programs to reduce injuries, occupational diseases and encourage workers’ return to work. 

 

Monies paid to injured workers are generally known as WCB "benefits." The benefits are comprised of: Wage Loss; Permanent Disability; Dependency and Rehabilitation.  

Accident Costs and the associated costs are applied into an Experiencing Rating program to determine the appropriate WCB premiums.