Group Insurance Contracts Subject to Retail Sales Tax in Manitoba
The government of Manitoba announced that the provincial retail sales tax (RST) of 7% will apply to certain group insurance contracts effective July 15, 2012, as stated in Bill 39. The tax will only apply to Manitoba residents.
Further details concerning the application of this tax on future billings as well as the list of taxable benefits will follow in an upcoming communiqué.
If you have any questions or concerns regarding this matter, please contact your benefits advisor or your Industrial Alliance group account executive.