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WSIB financial relief repayment

WSIB financial relief repayment

At the WSIB, we understand the impact the COVID-19 pandemic has had on Ontario businesses. To continue to help reduce the financial burden on businesses during this difficult time, any repayment of deferred WSIB premiums as part of our financial relief package will not begin before January 2021.

Our financial relief package deferment period comes to an end on August 31, 2020. Regular reporting and payment schedules for all businesses who report and pay monthly, quarterly or annually based on their insurable earnings will resume in September.

Reporting and paying deferred amounts

Reporting: Businesses are encouraged to start reporting deferred premiums now and will have to report all deferred amounts by October 31, 2020. You can report your deferred amounts by:

-  using our online services

-  emailing us at employeraccounts@wsib.on.ca with each outstanding period clearly defined. For example: August 2020 – payroll = $100, premiums = $10

-  complete the premium remittance form for the corresponding reporting period and mail to P.O. Box 4115 Station A Toronto M5W 2V3

Payment: Repayment of deferred WSIB premiums will not begin before January 2021. Businesses may choose to start making deferred premium payments prior to January 2021. We will provide more information on the repayment schedule for deferred amounts, along with 2021 premium rate information, in the fall.

We recognize that some businesses may require longer repayment terms due to the ongoing pandemic. If you require additional support once the repayment period has started, please contact us and we will be happy to work with you.

For Schedule 2 businesses, claim payments and administrative fees applied after August 31 must be paid by the due date on the statement or invoice.

More information

The best way to manage your account is through our online services. For questions and additional support on reporting and payment of deferred premiums, you can email us at employeraccounts@wsib.on.ca or call 1-800-387-0750, Monday to Friday 7:30 a.m. to 5 p.m.

For more details on how we are continuing to support businesses, visit our COVID-19 page and read our FAQs for business accounts, and FAQs about claims and COVID-19.