July 5, 2023
Starting July 4th, the Canada Revenue Agency (CRA) and the Workplace Safety and Insurance Board (WSIB) are giving Ontario businesses a new option to pay their WSIB premiums. Ontario businesses with a business number can now report their insurable earnings and make WSIB account payments through their CRA My Business Account. Businesses can now take advantage of this quick and secure service to easily pay their WSIB premiums using pre-authorized debit.
Ontario businesses that do not have a CRA My Business Account and wish to use this service to pay their WSIB premiums can register through the CRA’s website.
CRA’s My Business Account is a secure online portal that provides an opportunity to interact electronically with the CRA on various business accounts. Business accounts include GST/HST, payroll, corporation income taxes, excise taxes, excise duties, and more. Managing your business’ tax affairs with My Business Account is convenient, easy to use, fast, and secure.
This new option for Ontario businesses makes it easier for them to manage their WSIB payments online. Businesses can visit wsib.ca to learn about other options for paying their premiums.
