Remitting contributions

On this page

This page describes how employers must remit contributions to OPB and includes the following topics:

• Remittance deadlines
• Remittance methods
• EFT (Electronic Funds Transfer), and
• Remittance by cheque.

Click here for remittance of contributions for members on LTIP.

Remittance deadlines

Employers must deduct and remit all contributions made by members and the employer within the specified time limits.

Important: Failure to do so will result in penalties. This table specifies the required remitting deadlines.

Remittance methods

Employers remit contributions either by

• EFT (electronic funds transmission), or
• cheque.

Each of these is described below.

EFT (Electronic Funds Transfer)

Employer and employee contributions may be remitted electronically.

Appropriate Forms

Please contact OPB Finance for the appropriate forms if you would like to switch to EFT.

Conditions

All supporting documentation (Contribution Records) may be forwarded directly to OPB electronically only if the following conditions are met:

• all documentation must be password protected or encrypted
• OPB must receive this password or encryption key before the first transmission and/or any subsequent change

Except for being password protected or encrypted, the format of all information transferred to the Board will remain unchanged.

Remittance by cheque

If you are not set up for EFT, please remit the following to OPB:

• the contribution cheque, made payable to "Ontario Pension Board", and
• a hard copy of the spreadsheet showing individual contributions.