Change in invoice payment terms

From January 1, 2026, it will be possible to obtain a payment extension of up to one year from the due date of MYEL insurance premium invoices. Until the end of 2025, it will still be possible to apply for a payment period of up to 24 months for invoices. 

Please note that late payment interest will be charged on your invoice even if a payment extension has been granted. Late payment interest in accordance with the Interest Act begins to accrue after the due date of the invoice.