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How do I enter WSIB for sole proprietor in construction it is manditory?

How can I setup calculations for WSIB. It is sole proprietor in construction industry so it is mandatory.
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QuickBooks Team

Re: How do I enter WSIB for sole proprietor in construction it is manditory?

Hi there, 

 

QuickBooks Online makes it easy to enter WSIB. I'll be happy to show you how. Since your question is more directed towards a sole proprietor business, I recommend reaching out to your accountant to find out the best way to set this up. Otherwise, here are the general steps: 

 

In order to add a WCB rate, navigate to the Pay & Tax Settings under the Employee tab in QuickBooks Online.

  1.     From the Workers' compensation tab, select Add rate.
  2.     Select the Province from the drop down list.
  3.     Enter your Account Number.
  4.     Enter the Rate used for calculations.
  5.     Enter the Maximum wage allowed.
  6.     Save when completed.                   

To assign an added rate to an employee:

  1.     Locate the employee and choose the Edit option on the right-hand side of the list of employees.
  2.     Go to the Employment tab.
  3.     Select a rate from the drop-down menu under Workers' compensation rate.
  4.     Save when completed.                      

Note: QuickBooks Online Advanced Payroll can only handle the WSIB/WCB remittances on your behalf. We are not authorized to complete your WSIB/WCB reporting. However, to help you complete your reporting accurately, we provide a handy WSIB Payroll Report, which can be found in your Reports tab. Let me know if you have further questions. I'll be here to help.