Insurance taxes
Under the Insurance Premiums Tax Act, every insurance company is required to pay quarterly insurance premium taxes.
Under the Insurance Premiums Tax Act, every insurance company is required to pay quarterly insurance premium taxes. The tax rate is 3% on gross life, accident and sickness premiums. The tax rate is 4% on gross premiums other than life, accident and sickness premiums. Payments are due within 60 days of the end of each quarter.
Quarterly tax forms
- First Quarter General Premium (PDF)
- First Quarter Life Premium (PDF)
- Second Quarter General Premium (PDF)
- Second Quarter Life Premium (PDF)
- Third Quarter General Premium (PDF)
- Third Quarter Life Premium (PDF)