If you are a resident of Manitoba, Ontario, or Quebec at the time of application, your Life, Critical Illness, Cancer Insurance, and/or Accidental Death and Dismemberment premiums are taxable under the Group Insurance Policy.
You can find the current tax rates for these provinces below, which are subject to change without notice.
- Manitoba - 7%
- Ontario - 8%
- Quebec 9%
If you are First Nations or a Foreign Representative you may qualify for a tax exemption on the premiums for your Life, AD&D or Critical Illness policies. How do I ask for tax exemption?