Published | Category: Consumption taxes other than GST and QST
Harmonization of the insurance premiums tax rate with the QST rate
As announced by Québec's Minister of Finance in Budget 2025-2026, the rate of the tax on insurance premiums will rise from 9% to 9.975% to harmonize it with the rate of the Québec sales tax (QST).
The rate of 9.975% will apply to insurance premiums paid after December 31, 2026.
Note that an input tax refund (ITR) cannot be claimed for the tax paid on insurance premiums.