Finance

Taxation Division 

Insurance Corporations Tax

Every insurer or special broker that provides insurance under a contract of insurance must pay the insurance corporations tax.
 
The tax rates are as follows: 
  • 2% of the insurer's net Manitoba premiums under contracts of life insurance, and contracts of accident and sickness insurance;
  • 3% of the insurer's net Manitoba premiums under other contracts of insurance.
 In addition to the above tax rates, an insurer must pay a tax equal to 1.25% of the net Manitoba premiums payable to the insurer in respect of certain contracts of property insurance.  These amounts are to be deposited to the Fires Prevention Fund.
 
Manitoba Tax Publications
Manitoba Tax Forms
 
Interest Rates