Manitoba Retail Sales Tax Increase
This communiqué concerns you if you have plan members residing in Manitoba.
Effective July 1, 2013, the Manitoba retail sales tax (RST) will increase from 7% to 8%. This increase applies to all insurance premiums that are subject to the Manitoba RST.
Groups Invoiced by Industrial Alliance
All premiums for which the payment due date is on or after July 1, 2013 will be subject to the increased Manitoba RST of 8%. This includes prior coverage periods payable on or after July 1. Accordingly, this modification is reflected on your invoice for all groups with premiums that are subject to this tax.
The total premium amount for the July 2013 coverage period, including adjustments, is subject to the increased Manitoba RST of 8%. Administrators must consequently adjust the RST added to their remittance and inform Industrial Alliance of the taxable premium amount.
If you have any questions about this matter, please contact your benefits advisor or your Industrial Alliance group account executive.