Workplace Safety and Insurance Board
Preparing the Workplace Safety and Insurance Board (WSIB) Return
Most businesses that pay salaries to non-owners must register with the WSIB. Insurance rates are specific to your industry.
Workplace Safety & Insurance Board (WSIB) Website (http://www.wsib.on.ca/wsib/wsibsite.nsf/public/home_e)
Companies with annual insurable earnings under $300,000 calculate and submit their premiums quarterly. No annual return is required.
Companies with annual insurable earnings over $300,000 calculate and submit their premiums monthly. They must also complete an annual reconciliation form [Reconciliation Guide 2007 (PDF)]. Forms are due the end of the following month.
The form requires the following information:
- Gross Salaries, excluding executive officers, for the month or quarter (there is an annual employee maximum)
- Rate (per industry)