Board cites system stability and improved outcomes
WCB Nova Scotia has announced that its funded position reached 106.7% at the end of 2024, a milestone that the organization says will help provide greater stability and capacity to support both injured workers and employers in the province.
According to WCB Nova Scotia, the organization’s assets now total $2.8 billion, surpassing its $2.6 billion in liabilities. This improvement is attributed to a combination of investment management and a reduction in workplace injuries across the province.
“A strong workers’ compensation system is good for everyone,” said Nolan Young, Minister of Labour, Skills and Immigration. “This milestone shows crucial improvements that ensure our province has the ability and the resources to better support Nova Scotians when they are injured at work.”
The reported injury rate as of June 2025 dropped to 1.31 time-loss injuries per 100 covered workers, with more than three quarters of injured workers returning to work within 90 days—a result described as the best outcome in many years.
Karen Adams, CEO of WCB Nova Scotia, commented on the progress: “We are pleased that the changes we are making at WCB are improving the system for all Nova Scotians. Continued success will allow us to better support workers and employers in the future.”
For 2026, the average employer assessment rate will remain at $2.65 per $100 of assessment. Employers are expected to be able to access their individual assessment information for 2026 online in early September.
The 2023-2024 Workers' Compensation Review Committee report identified opportunities for further system enhancements, including improved accountability, stronger return-to-work outcomes, and better benefits for injured workers. WCB Nova Scotia says it is guided by a long-term strategic plan focused on preventing workplace injuries, supporting safe and timely return to work, and delivering exceptional service. The plan aims to return the equivalent of 1,000 positions to Nova Scotia's workforce by 2030.
