For more information on determining your insurable earnings see, calculating your premium payments and our policy on determining insurable earnings. For additional details on how to pay your premium, see payment option. 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. Sign up for payment reminders. 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. If your actual insurable earnings become higher than the estimated amount, contact us within 10 calendar days to update your information. See more on the annual maximum amount for insurable earnings and calculating premiums. No matter how you choose to pay, you still need to report your premiums using our online service for premium reporting or by sending your premium remittance stub to the WSIB before the due date.
Many institutions have changed their policies and will no longer send the remittance stub. You can pay your premiums online through your financial institution bank, credit union etc. When setting the WSIB as a bill payee, you will be required to choose either Schedule 1 report and pay premiums or Schedule 2 pay claim costs as an option.
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