In Canada, workers' compensation is a system designed to provide financial and medical support to employees who are injured or become ill due to their work.
If you operate a business with employees in Canada, it is mandatory to provide workers' compensation insurance coverage. The initial step is to register your company with the WCB (Workers' Compensation Insurance Board) and fulfill the payment of workers' compensation insurance premiums.
Apart from fulfilling the insurance payment, employers have the responsibility to establish effective safety measures to safeguard workplace well-being and promote injury prevention. In the event of an accident, it is crucial for the employer to promptly report it to the WCB to assist the injured worker in their recovery and successful return to work.
Note: PayTrak is not able to set up WCB accounts for any employer. The initial workers' compensation account set up is something that must be completed by the employer themselves as PayTrak does not have access to the business information required for account set up. Once the account is setup, PayTrak can calculate and remit into these accounts on the employer's behalf.