New Tax in Canada Proposed by Sask Government. Say no to tax on Insurance Premiums!!!!
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The Government of Saskatchewan has proposed a new PST tax on premiums of Life, Accident, Disability, and Group Insurance. The tax on personal owned life and disability insurance is the first of it's kind in Canada. Many taxpayers in SK use permanent life insurance as a savings vehicle and as such the premiums on this type of insurance should not be subject to the PST. Business owners also provide group insurance coverage for their employees and this added tax will increase the cost of these benefits to employers and employees of SK. Please join us in petitioning the SaskParty to reconsider adding PST to these types of insurance.
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