Workers Compensation Board of PEI Announces 2025 Rate
The Workers Compensation Board (WCB) of PEI is pleased to announce that its estimated average assessment rate for Island employers will remain stable for 2025. This keeps the 2025 average rate at $1.25, one of the lowest in Canada.
Assessment rates are set annually by the WCB Board of Directors and are calculated per $100 of assessable payroll. The maximum assessable earnings, or MAE, is the maximum amount of earnings an employer would pay premiums on per worker. The MAE is reviewed yearly to account for wage increases in PEI. As of January 1, 2025, the MAE will be $82,900, up from $78,400 in 2024. As a result, more Island workers would have their full earnings eligible for coverage by the WCB.
For further details visit: Workers Compensation Board of PEI