Yellowknife, NT (July 11, 2024) – The Workers’ Safety and Compensation Commission (WSCC) will introduce two distinct Year’s Maximum Insurable Remuneration (YMIR) values for the Northwest Territories and Nunavut, effective January 1, 2025.

The Year’s Maximum Insurable Remuneration (YMIR) is the dollar amount used to calculate compensation benefits for injured workers and sets a limit on the amount of payroll that employers report per worker.