Keyword
HST
Auto insurers had it right in accident benefits HST case, Appeal Court rules
August 3, 2022 by David GambrillAuto insurers that paid catastrophically impaired accident victims attendant care benefits prior to a regulatory clarification in 2019 do not have to pay provincial sales tax above and beyond the benefit limits outlined in law, the Court of Appeal for…
Ontario ministry issues guidance on paying HST on accident benefits
March 27, 2019 by Jason ContantOntario’s Ministry of Finance has proposed regulatory amendments clarifying that harmonized sales tax (HST) is required to be paid in addition to accident benefit limits. If approved, the proposed changes to the Statutory Accident Benefits Schedule (SABS) under the Insurance…
Brokers, do your auto insurers cover HST on capped benefits?
November 14, 2018 by Greg MeckbachBrokers placing Ontario auto coverage should ask insurers whether they are including sales tax when they calculate caps on benefits, a lawyer told Canadian Underwriter Tuesday. Ontario consumers must pay 13% Harmonized Sales Tax on many goods and services. Some…
Ottawa proposes to clarify tax rules on imported reinsurance services
March 28, 2016 by Canadian UnderwriterThe federal government recently announced it intends to “clarify” the rules for calculating sales tax on reinsurance premiums in certain cases. In its 2016-17 budget document, the ruling Liberals propose “to clarify that two specific components of imported reinsurance services,…