The total annual WorkSafeBC incentive will be calculated as a percentage of the base assessment rate from the previous year, multiplied by the organization’s total assessable payroll reported from the previous year.
CALCULATION: Assessable Payroll ÷ 100 X Base Rate X 10% = Refund
EXAMPLE: $60,000,000 ÷ 100 X $1.68 X $10% = $100,800 annual refund
