We've enhanced one of the key products we provide to our customers based on stakeholder feedback and business needs. The new rate statement is a customer-friendly, easy-to-understand tool designed to help you understand your rate, how you compare to other employers, and what you can do to improve your business performance and reduce your WCB costs.

Your feedback is important so that we can continue to improve the information that we provide to you. 

Let us know what you think about the new rate statement by participating in a short survey. The survey should take less than five minutes to complete.

Employers receive real value for their WCB coverage and the rate statement is a tool to illustrate that. We're evolving from our rate model to a broader rate system that includes not only rate-setting information but also prevention and Return to Work.

 

Do I Need to Do Anything With the Information in My Rate Statement?

The rate statement is for information only and is not an invoice – you aren’t required to do anything or send us any payment.

Many employers use their rate statement to estimate their WCB costs for the upcoming year's budget. It's a simple calculation to determine your approximate WCB premium based on your rate and estimated payroll for the year.

 

Your annual rate statement will also have information about your industry classification and the rate range for your business size.

In early January, you'll receive a request for Annual Payroll Information. This information is required by the last working day of February. We'll calculate your premium based on your rate and the payroll information you provide and send you an account statement based on your preferred payment schedule. 

 

Sample Rate Statement

Click on the numbered areas in the sample Annual Rate Statement below to learn more. 

 

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Your 2020 rate was calculated considering a number of factors. If your 2020 rate is different than you expected, you can <a href="https://www.wcb.mb.ca/what-does-my-annual-rate-statement-mean#">learn more about rate setting for small businesses </a> or <a href="https://www.wcb.mb.ca/did-your-rate-change-in-2019-this-may-be-why-0#"> rate setting for large businesses</a> to determine if one of the factors described might have had an impact on your rate. If you are a new employer or you've added a new classification to your account, you will be assigned the New Employer Rate until your own claims experience can be used to calculate your rate.
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Your 2019 rate is provided to give you a point of comparison to determine whether your rate went up, down or stayed the same.
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The name of your business shown on your rate statement is the legal entity under which you operate. It may or may not be the same as the name you conduct your business under publicly.
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This is your WCB account number. It is helpful to have this number handy whenever you contact the WCB so we can easily find your account and identify you as an approved contact on the account.
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Within each classification, employers pay more or less than the classification base rate according to their past claims costs. The range – how much more or less than the classification base rate it is possible to pay – is based on their size. Small and medium employers have a narrower rate range than large employers because they tend to have bigger changes in claims costs from year to year than larger employers. A narrower rate range protects small and medium employers against sharp changes in their rate caused by sharp changes in their claims costs. Large employers have more predictable claim costs from year to year and are more able to absorb the impacts of those costs due to their significant payroll levels. If you are a new employer or if you've added a new classification to your account, you will have the small rate range appear on your rate statement because we don't have a history of payroll upon which to determine your size. Instead, you will be provided the new employer rate until your own claims experience and payroll history can be used to set your size and corresponding rate.
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Employer size is based on your annual payroll figures and determines which rate range will apply to your account. Small - Employers with less than $750,000 in annual payroll Medium - Employers with annual payroll between $750,000 and $7.5 million Large - Employers with more than $7.5 million in annual payroll
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Your account classification was determined when you registered with the WCB and is based on the primary business activities you described for your business. If your activities change, please contact us. Each classification is assigned to a risk category. The risk category is based on the risk associated with your type of business based on historical information about the number and cost of injuries in a business like yours. Your risk category is a percentage of the WCB annual average assessment rate. The WCB average rate is multiplied by the risk category percentage to determine a base rate for your classification.
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