Business Owners Urge Workers’ Compensation Boards to Return $4.9 Billion in Excess Funds

Business Owners Urge Workers’ Compensation Boards to Return $4.9 Billion in Excess Funds
A large "open" sign is seen on the window of a restaurant in Vancouver on May 31, 2020. The Canadian Press/Darryl Dyck
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Six Canadian workers compensation boards currently hold a surplus of $4.9 billion that should be returned to small business owners, the Canadian Federation of Independent Business says.
Workers compensation boards (WCBs) in British Columbia, Manitoba, Ontario, New Brunswick, Prince Edward Island, and the Yukon have all exceeded their funding targets—yet only one of the “overfunded” boards legislates mandatory returns to employers, according to the Canadian Federation of Independent Business’s (CFIB) latest research snapshot.