How to report and pay your premiums

Premium reporting

Premium reporting is the first step of the process. You must report your insurable earnings based on your reporting frequency. Even if your payroll is zero, you must report.

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.

Premium payment

Paying your premiums is the second step after reporting your insurable earnings. Payments not made by the due date will result in a non-compliance charge.

Ways to report and pay

WSIB online services

You can use our online services to accurately calculate and report your payroll information and pay your premiums. Simply enter your insurable earnings and you’ll receive an automatic calculation of your premium due. You’ll have the option to view your premium transactions online anytime.

Online banking

You can report, pay and reconcile your premiums in one simple transaction through your online banking.

Get started today:

1. Sign in

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.

CRA

You can report your insurable earnings and make WSIB account payments at the same time that you complete your business taxes through your Canada Revenue Agency (CRA) My Business Account.* Sign in or register for a CRA My Business Account and select WSIB (Ontario) to start using this option today.

Payment only options

online or by telephone banking through your financial institution
pay now by:
- Visa or Mastercard (credit card)**
- Interac online (debit)
- Visa/Mastercard debit**

* Only pre-authorized debit payment is available through the CRA’s My Business Account. You can pay your premiums using a credit card through your online banking or our online services.

** 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.

Read our FAQS to learn more about premium reporting and payment or check if you’re reporting your insurable earnings and premiums correctly.

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.