The Canada Revenue Agency (CRA) and the Workplace Safety and Insurance Board (WSIB) have introduced a fresh alternative for Ontario businesses to fulfill their WSIB premiums. Businesses in Ontario equipped with a business number now have the option to declare their insurable earnings and settle WSIB account payments via their CRA My Business Account. This efficient and secure service enables businesses to conveniently pay their WSIB premiums using pre-authorized debit.
For Ontario businesses lacking a CRA My Business Account yet keen on utilizing this service to remit WSIB premiums, registration can be completed through the CRA’s official website.
CRA’s My Business Account serves as a safeguarded online gateway, offering the convenience of electronic interaction with the CRA across a spectrum of business accounts. This encompasses GST/HST, payroll, corporation income taxes, excise taxes, excise duties, and more. Managing the tax matters of your business via My Business Account is seamless, user-friendly, swift, and protected.
This novel alternative extends to Ontario businesses, simplifying the management of WSIB payments through online means. To explore further payment choices for their premiums, businesses can visit wsib.ca.