Avoiding Premium Not Reported (PNR) Penalties Did you know? For the Ontario Workplace Safety and Insurance system to work efficiently and equitably, all employers must meet their reporting obligations to the Workplace Safety and Insurance Board (WSIB). The Premium Remittance Form is used to calculate premiums for each reporting period. Even if you paid no wages and have no premiums owing, you must complete and return the remittance form to avoid incurring a penalty. If you do not submit your Premium Remittance Form on time or submit a payment without this form, then a premium not reported penalty (PNR), equivalent to 5% of your estimated premiums for the time period concerned, will be added to your account. In addition, you may not be: Eligible to receive a clearance certificate, a purchase certificate, an incentive rebate under NEER or CAD-7, or a premium rate decrease under MAP Permitted to join Safety Groups, such as the Safe Communities Incentive Program Your Premium Remittance Form and your payment are due at the same time. If we not receive your payment on time, a late payment penalty will be charged on your outstanding balance at the Bank of Canada rate + 6% (adjusted quarterly). Please ensure that you return the original form sent to you each reporting period. Processing delays or payroll recording errors may occur if you: return a photocopy, write over any pre-printed data on the form, or use a form from a different reporting period. Premium Reporting/Payment Frequency Annual Insurable Earnings Reporting & Payment Frequency Due Date $300,000 or more Monthly End of the following month, e.g. May’s premiums are due June 30 $20,000 to $299,999 Quarterly April 30 July 31 October 31 January 31 Reporting and Payment Options 1. Mail your completed Premium Remittance Form and cheque to: P.O. Box 4115, Station A Toronto ON M5W 2V3. Send your post-dated cheque and form at least one week before the due date to ensure timely processing. 2. Submit your completed remittance form and payment to a chartered bank well in advance of the due date. 3. Submit your completed premium remittance form and payment to the WSIB by mail or in-person. 4. New! Use the new ePayment option available to employers and then submit your Premium Remittance Form directly to the WSIB by mail or in-person.