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How do I submit a WSIB reconciliation form?

return the original form in the envelope provided. do not return your working copy or any photocopies or faxes of the form keep them for audit purposes. return your completed form via mail to P.O. Box 4115, Station A, Toronto, ON M5W 2V3, so that the WSIB receives it no later than March 31, 2023.

How much can you make on WSIB?

The WSIB sets an annual maximum for insurable earnings based on the average industrial wage (AIW) for Ontario. For 2023, the annual insurable earnings maximum is $110,000. Once an individuals earnings docHub the annual maximum, you do not need to report the earnings that exceed the maximum.

What is the importance of reconciliation in your life?

It can induce a shift in mindsets and transform harmful attitudes. It can build bridges between opposing parties, and help repair fractured relationships. It can help break the cycle of violence, aid post-traumatic reconciliation, build a more peaceful common future, and ultimately sustain peace.

What is WSIB reconciliation?

Employers who have overpaid their premiums based on what theyve reported during the year must also send in the Reconciliation Form by the due date. The WSIB confirms the overpayment and credits their account. The credit is first applied to any balance owing from previous years.

What are the excess earnings for WSIB 2023?

Box 9, Excess earnings If you are closing an account in 2023, the 2023 maximum insurable earnings ceiling is $110,000. To calculate each individual employees (or contractors) excess earnings, subtract the annual maximum insurable earnings from their total earnings reported in boxes 1, 2 and/or box 3, if applicable.

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