B.C.’s employers in forestry-related businesses, sawmilling, stone cutting and oil and gas field servicing could be seen as the biggest beneficiaries of WorkSafeBC’s $2 billion surplus as the corporation proposes cuts to their service premiums approaching 40 per cent or more. WorkSafeBC’s policy is to maintain enough of a surplus “to avoid rate volatility” during economically difficult times. The corporation’s 2024 surplus, however, is equivalent to 141 per cent of liabilities, far more than its 130 per cent target. The corporation says its strong financial position has been helped along by “higher than-required investment returns,” according to WorkSafe’s statement, which is similar to workers-compensation agencies across the country. Ontario’s Workplace Safety and Insurance Board has used its 2024 surplus to issue $4 billion in rebates, over two rounds, to employers and in May, the Workers’ Compensation Board of Manitoba did likewise with $122 million in rebates, which is something the Canadian Federation of Business would like to see.