One of the most persistent myths in BC business circles is that WorkSafeBC is sitting on a massive surplus—a piggy bank that should be cracked open and handed back to employers. Manitoba did it, Ontario did it. …So why not BC? Because the surplus is depleted. It didn’t disappear overnight. It was frittered away, year by year, policy by policy, under an NDP government. …And now, BC’s small business owners are staring down the consequences. …According to WorkSafeBC’s own financial statements, in 2019 the system was funded at 153%—a full 23 points above the 130% floor set by policy and insurance best practices. That cushion, billions built up over decades, was a rainy day fund. It was never meant to finance an ever-expanding bureaucratic empire. …In 2019, WorkSafeBC’s rate of $1.55 per $100 of assessable payroll was among the lowest in Canada—only three provinces were cheaper. By 2024, that same $1.55 is higher than every province except two.