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WCB announces 2005 base rates
The 2005 base rates reflect an aggregate base rate of $1.975 per $100 of employer's assessable payroll, 4.1 percent less than the 2004 rate of $2.059.
The rate reduction is possible because of cost savings realized through legislative change introduced in 2002, improved performance of world financial markets, and the continuing downward trend in the injury rate. Together, these have resulted in lower costs for workplace injuries.
The aggregate rate is a composite of rates in 94 individual rates groups.
During 2005, 56 percent of B.C.'s 175,000-plus employers will see base
rates remain the same or drop while 44 percent will experience base rate
increases.
View the 2005 rates
- To find the base rate for a specific classification unit, search by classification unit name or number.
- View the base rates for all rate groups.
- Browse by industry sector.
- Open the experience rating calculator for 2005.
Industries with 2005 base rate decreases
Base rates are decreasing for several key industries including health care, education, poultry processing, sawmills, house construction and some building trades.
Industries with 2005 base rate increases
Some industries will see base rate increases in 2005, including forestry, couriers, building construction, and telecommunication services.
Additional resources
- Find out how the WCB sets rates and classifies employers.
- View the Introduction to WCB Classification, Rate Setting, and Experience Rating (SWF 456kb)
View the WCB aggregate rate trend information in table form or in chart form (PDF 137kb)
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