Online banking
You can report, pay and reconcile your premiums in one simple transaction through your online banking.
Get started today.
1. Sign in
Sign in to your financial institution's online banking service for businesses.
Some financial institutions require their clients to sign up for a “business” bank account in order to make business payments. Please contact your financial institution if you require assistance. Your financial institution may charge a service fee if you choose to report, pay and reconcile your business’ premiums through your online banking. We do not receive any part of this service fee; it goes directly to your financial institution.
You can report, pay and reconcile your premiums through online banking with the following financial institutions: BMO, CIBC, RBC, Scotiabank, TD Bank, National Bank, ATB Financial, Bank of America, Citibank, Desjardins, HSBC, JP Morgan, KEB Canada, Laurentian Bank, Manulife Bank, Meridian Credit Union, PNC Bank Canada.
2. Add WSIB payment type
Under "Add payment type" look for “Compensation and Insurance Boards.”
The following payment types can be selected:
- WSIB – ONTARIO – Premium Remittance (WSIBP)
- WSIB – ONTARIO – Reconciliation (WSIBR)
- WSIB – ONTARIO – Payment on account (WSIBA)
3. WSIB account information
Enter your seven-digit WSIB account number and most recent payment amount to verify your account information for each of the payment service types that you want to add to your online banking profile.
Newly registered international accounts that have not yet made a payment to the WSIB and don’t have a postal code on file can enter “99999” as their postal code in order to sign up for any of the three payment types.
Two-step premium payment and reporting
You can also report and pay your premiums separately online at any time through our online services.
Premium reporting | Payment |
---|---|
Our online service for premium reporting helps you accurately calculate and report your payroll information. Even if your payroll is zero, you must report.
You can also:
Premiums not reported by the due date will result in a non-compliance charge. For more information on determining your insurable earnings see, calculating your premium payments and our policy on determining insurable earnings. |
You can pay your premiums:
Or
* There is a 2.25 per cent service charge for using Visa or Mastercard credit, and a 1.75 per cent service charge for using Visa Debit, and Debit Mastercard payments. We do not receive any part of this service fee; it goes directly to our online payment provider, Paymentus. There is no service charge for using Interac Online. |
Let us remind you when it’s time to report and pay. Sign up for payment reminders.
Read our FAQS to learn more about premium reporting and payment.
Report and payment frequency
We have simplified our billing cycles to reduce the time you have to spend on administration related to your WSIB coverage and to make it easier for you to pay your premiums and stay up to date with us. By streamlining our billing processes, we hope that over time you will see improvements in the consistency of the services we provide throughout the year.
Here is the insurable earnings thresholds for monthly and quarterly reporting:
Insurable earnings |
Reporting and payment frequency |
---|---|
$1,000,000 or more |
Monthly |
$20,000 to $999,999.99 |
Quarterly |
Less than $20,000 |
Annual |
When to report and pay
Monthly
Reporting period |
Jan. |
Feb. |
Mar. |
Apr. |
May |
Jun. |
Jul. |
Aug. |
Sep. |
Oct. |
Nov. |
Dec. |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Premium reporting and payment due |
Feb. 28 |
Mar. 31 |
Apr. 30 |
May 31 |
Jun. 30 |
Jul. 31 |
Aug. 31 |
Sep. 30 |
Oct. 31 |
Nov. 30 |
Dec. 31 |
Jan. 31 |
Quarterly
Reporting period |
First quarter Jan. 1 to Mar. 31 |
Second quarter Apr. 1 to Jun. 30 |
Third quarter Jul. 1 to Sep. 30 |
Fourth quarter Oct. 1 to Dec. 31 |
---|---|---|---|---|
Premium reporting and payment due |
April 30 |
July 31 |
October 31 |
January 31 |
Annual
Reporting period |
January 1 to December 31 |
---|---|
Premium reporting and payment due |
April 30 |
If your actual insurable earnings become higher than the estimated amount, contact us within 10 calendar days to update your information. Failure to do so can result in penalties and/or prosecution.
See more on the annual maximum amount for insurable earnings and calculating premiums.