How to report and pay your premiums

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.

  • Enter your insurable earnings and you’ll receive an automatic calculation of your premium. You will also have the option to view your premium transactions online anytime.

You can also:

  • Calculate and report your premium using the bottom portion of the remittance form and mail it with your payment using the return envelope.  

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:

  • online or by telephone banking through your financial institution
  • by logging in to our online services, or pay now by:  
    • Visa or Mastercard (credit card)*
    • Interac online (debit)
    • Visa/Mastercard debit*

Or

  • Mail your cheque and premium remittance stub to: PO Box 4115, Station A, Toronto, ON M5W 2V3

* 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.