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The Hole in Ontario’s Budget: WSIB’s Unfunded Liability
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| Citation | Colin Busby and Poschmann, Finn. 2012. "The Hole in Ontario’s Budget: WSIB’s Unfunded Liability." ###. Toronto: C.D. Howe Institute. |
| Page Title: | The Hole in Ontario’s Budget: WSIB’s Unfunded Liability – C.D. Howe Institute |
| Article Title: | The Hole in Ontario’s Budget: WSIB’s Unfunded Liability |
| URL: | https://cdhowe.org/publication/hole-ontarios-budget-wsibs-unfunded-liability/ |
| Published Date: | March 22, 2012 |
| Accessed Date: | March 13, 2026 |
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Ontario faces a $19.7 billion unfunded liability at its Workplace Safety Insurance Board (WSIB) based on a fair-value accounting approach, according to a report from the C.D. Howe Institute. In “The Hole in Ontario’s Budget: WSIB’s Unfunded Liability,” authors Colin Busby and Finn Poschmann say the WSIB, which levies employer premiums intended to fund benefits for employees injured in the workplace, has a problem that needs addressing: the WSIB’s pace of revenue collection and asset accumulation has not matched growth in current and expected benefit entitlements.
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