You can make a voluntary disclosure on the WSIB website. By registering voluntarily, you will only have to make payment for WSIB premiums for the current year and the prior year. Interest and penalties will not be levied. If you get caught for non-registration, then you could end up paying huge amounts in penalties, interest, and WSIB premiums for all prior years. So it’s in your best interest to make a voluntary disclosure and register your business with WSIB.
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.