Canada: Quebec 4% tax increase, auto insurance premiums

Canada: Quebec 4% tax increase, auto insurance

Insurers in Quebec that have monthly insurance premium tax reporting periods must remit with their June 2015 returns any amounts representing the 4% tax rate increase not yet collected from insurance clients and that apply to automobile insurance premiums paid on or after 1 January 2015.


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The June monthly insurance premiums returns and remittances are due no later than 31 July 2015.

Read a July 2015 report prepared by the KPMG member firm in Canada: Insurers - Last Chance to Remit Quebec 4% Tax Increase on Auto Insurance Premiums

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