WorkSafeNB will hold its 2026 average assessment rate at $1.10 per $100 of payroll while returning $53.2 million to eligible New Brunswick employers through performance refunds, the compensation board announced Wednesday.
The $1.10 rate matches the lowest in the province’s history and is expected to rank second-lowest among Canadian provinces, according to WorkSafeNB. The organization reduced the rate from $1.18 in 2024.
Eligible employers will receive refunds based on their accounts, according to the compensation board. Refunds exceeding $1,000 will be issued by cheque, while amounts under $1,000 will be credited to employer accounts to reduce 2026 premiums.
“Our strong funding position allows us to keep rates stable for New Brunswick employers while continuing to ensure a financially sustainable system for both workers and employers,” said Tim Petersen, WorkSafeNB president and CEO. “This rate stability along with the performance refund gives businesses the ability to reinvest in their people and operations.”
Funded position enables rate stability
WorkSafeNB reported a funded position of 152.9 per cent as of Dec. 31, 2024, driven by investment returns and employer and worker contributions, according to the organization. The compensation board is drawing a $0.31 subsidy from the Accident Fund to maintain the $1.10 rate despite rising injury costs linked to healthcare expenses.
“By carefully managing the Accident Fund, we’re able to keep rates competitive for employers while also enhancing benefits for injured workers and their families,” said Mel Norton, chair of WorkSafeNB’s board of directors.
Worker benefits increased
WorkSafeNB raised wage-loss benefits for injured workers from 85 per cent to 90 per cent of net earnings in 2024, according to the organization. The maximum annual earnings covered for injured workers also increased that year.
As of July 1, 2025, benefits for surviving spouses increased to 90 per cent of net earnings, according to WorkSafeNB.
“That means ensuring workers have the security they deserve, and employers have the stability they need,” Petersen said. “This balance is how we build a stronger, safer province for everyone.”
The rate charged to fund the Firefighters’ Compensation Act disability fund will remain at $220 per firefighter, according to WorkSafeNB.
