Select your community
ᐃᓄᒃᑎᑐᑦ EN IKT FR
Menu Close
ᐃᓄᒃᑎᑐᑦ EN IKT FR
Select your community
Government Programs Services and Information
Your Government
Agencies
Taxes and Superintendent of Insurance

Insurance Premium Tax

Sections

Insurance Premium Tax

Insurance companies pay an insurance premium tax to the GN based on the amount of insurance premiums they collect in Nunavut.

Insurance companies pay 3% on the insurance premiums they collect from doing business in Nunavut, after making some adjustments. Firms pay an extra 1% on fire premiums they collect. Part XI of the Insurance Act sets out the details of this tax.

Insurance premium taxes are due each year by March 15, for the previous tax year.

Is this page useful?

Thank you for contacting the Government of Nunavut.

Please do not send sensitive or personal information, including (but not limited to): social insurance numbers, birthdates, information of other people, or health information. Please only send a brief description of your issue or concern and how we can contact you. We will make sure the correct person contacts you if they need more information or if they can answer your question or concern.