Stat Pay Calculator Ontario 2024

What is STAT Pay?

STAT Pay stands for Statutory Accident Benefits. It's a temporary benefit provided by the Ontario government to workers who are unable to work due to a work-related injury or illness. STAT pay is intended to provide financial support during the recovery period while the worker is unable to work.

The benefit is calculated based on the worker's average weekly earnings and the number of weeks they are unable to work. The maximum duration for STAT pay is typically 52 weeks, but this can vary depending on specific circumstances.

How to Calculate STAT Pay

Calculating STAT pay involves several steps. First, you need to determine your average weekly earnings. This is typically calculated by dividing your total earnings over the past 52 weeks by 52. Then, you multiply this average by the number of weeks you're unable to work.

There are also maximum limits on STAT pay. In Ontario, the maximum weekly benefit is $572.50 (as of 2024). If your calculated weekly benefit exceeds this amount, you'll receive the maximum instead.

STAT Pay Formula

The basic formula for calculating STAT pay is:

Where:

• Average Weekly Earnings = (Total Earnings in Last 52 Weeks) / 52
• Number of Weeks Unable to Work = The number of weeks you're unable to work due to the injury or illness

If the calculated weekly benefit exceeds $572.50, you'll receive $572.50 per week instead.

STAT Pay Rates for 2024

For 2024, the maximum weekly STAT pay benefit in Ontario is $572.50. This rate is subject to change each year based on the Ontario government's budget updates.

The maximum duration for STAT pay is typically 52 weeks, but this can be extended in certain circumstances with approval from the Ontario Workplace Safety and Insurance Board (WSIB).

How Long Does STAT Pay Last?

STAT pay typically lasts for the duration of your inability to work due to a work-related injury or illness. The maximum duration is usually 52 weeks, but this can be extended in certain cases.

If your injury or illness is expected to last longer than 52 weeks, you may be eligible for an extension. The WSIB will review your case and determine if an extension is appropriate.