1. The rates in the table apply to licensed insurers.
Different rates may apply to unlicensed insurers in some
2. Fire tax rates are levied underFire
Prevention Actor similar legislation of each
jurisdiction. For Northwest Territories, Nunavut and Yukon,
footnotes 5 and 9 set out rates levied under other legislation
relating to fire insurance premiums.
3. British Columbia's premium tax rate on property
insurance and automobile insurance is 4.4%. A rate of 4% applies to
most other types of insurance not referred to in the
4. Newfoundland and Labrador's instalment deadlines are
shown in the table above.
5. Northwest Territories and Nunavut impose an additional
1% tax on gross premiums in respect of fire insurance.
6. Ontario levies a premium tax rate of 3.5% on property
insurance. Ontario's instalment deadlines are shown in the
table to the right.
7. Quebec rates include 0.55% compensation tax on insurance
premiums. (For taxation years ending after March 31, 2014, the
compensation rate is 0.35%.)
8. Saskatchewan imposes an additional 1% tax on gross
premiums in respect of motor vehicle insurance. Its premium tax
rate on hail insurance is 3%.
9. Yukon imposes an additional 1% tax on gross premiums in
respect of fire insurance and property damage insurance.
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about your specific circumstances.
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