Reporting and Remitting the Tax on Insurance Premiums

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Filing frequency

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; or
  • quarterly if the tax remitted over the last 12 months is at least $1,500 but less than $12,000.
Filing online

You can file your return respecting the tax on insurance premiums online using:

  • the service for filing GST/HST and QST returns in My Account for businesses;
  • software authorized by Revenu Québec for filing the insurance premium tax return; or
  • the online payment service of a financial institution that lets you file your return and pay your balance due in the same transaction.
Filing by mail

To file your return respecting the tax on insurance premiums by mail, complete form VDZ-527-V, Return Respecting the Tax on Insurance Premiums, and mail it to us using the envelope that comes with the form.

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.

If your filing frequency is monthly or quarterly, you must submit your return no later than one month following the end of your reporting period.

Remitting the tax on insurance premiums

You can remit the tax on insurance premiums you collected to us in any of the following ways:

Note
  • Remittances of $50,000 or more must be made at a financial institution.
  • The date of receipt of a payment is the date on which the financial institution or Revenu Québec receives it.

Viewing returns and payment information

Log in to My Account for businesses to view your payments and filed returns, as well as your statement of account.

Penalties and interest

To avoid being charged late-filing penaltiespenalties for failing to file or interest, see the remittance schedules for the tax on insurance premiums for the payment deadlines.

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