Reporting the Tax on Insurance Premiums

You must file your insurance premium tax returns on a monthly basis if the tax on insurance premiums remitted over the last 12 months is $12,000 or more. However, if the tax remitted is less than $12,000, you can elect to file less frequently. Your filing frequency can be:

• quarterly or annually if the tax on insurance premiums remitted over the last 12 months is less than $1,500
• quarterly if the tax remitted over the last 12 months is at least $1,500 but less than $12,000

Reporting deadline

If you choose an annual filing frequency, you must send us your tax on insurance premiums return within three months following the end of your reporting period.

For other filing frequencies, you must submit your return no later than one month following the end of your reporting period.