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WorkSafeBC

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Calculating your premiums

Most employers pay premiums based on their assessable payroll at the appropriate group assessment rate.

Assessable payroll (PDF 32kb) is the gross earnings of all full-time and part-time workers, casual workers, labour contractors who don't have an account with WorkSafeBC, and shareholders in the firm. These earnings include:

  • Wages, salaries, commissions, bonuses, holiday pay, management fees, or any other remuneration paid to workers, contractors, and active shareholders before deductions
  • Amount of optional coverage for partners, proprietors, and proprietors' spouses during the assessment period
  • Earnings of a proprietor's or partner's children

See how to pro-rate administrative payroll if you have two or more classifications with common administrative payroll or if you are reporting payroll for a management company that provides services to two or more operating firms or a group of affiliated companies.

For 2011, the maximum assessable wage is $71,700.  For 2012, the maximum is $73,700.  Any assessable payroll in excess of that amount should not be included in your calculation.

View the Introduction to WorkSafeBC Classification, Rate Setting, and Experience Rating (SWF 456kb)
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Paying your premiums online

  • Pay by installment and receive advance clearance. If you qualify, you can spread your payments evenly throughout the year and get clearance three months in advance. That means as soon as you sign up for installments in the first quarter, you're cleared until April 1.
  • Prepay your premium and receive a discount. If you choose this option to pay for worker coverage, we'll give you a discount on your premium and clearance for the entire year.
  • Pay at the end of the quarter or the end of the year. You can pay quarterly or annually, depending on the amount of your premiums. Simply sign up for Online Reporting and Remitting and find out what options are available to you.

Regardless of the plan you choose, you have more payment options when you use Online Reporting and Remitting, including pre-authorized withdrawals from your chequing account, credit cards, or Internet or telephone banking.

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