I-1 - Retail Sales Tax Act

Section 20.10 Disposition versions

1992-03-18

20.10. The object of this chapter is to tax insurance premiums.

The following are deemed to be insurance premiums:

(a)  any amount payable to obtain for oneself or another on the occurrence of a risk a benefit payable by an insurer or another person, including a contribution to an uninsured social benefits plan, an assessment, a premium deposit or a membership fee;

(b)  any amount which, under an uninsured social benefits plan, is paid by reason of the occurrence of a risk.

1986, c. 15, s. 23; 1992, c. 1, s. 1.

1986-05-27

20.10. The object of this chapter is to tax insurance premiums.

All amounts payable to obtain for oneself or another on the occurrence of a risk a benefit payable by an insurer or another person, including contributions to an uninsured social benefits plan, assessments, premium deposits or membership fees, are deemed to be insurance premiums.

1986, c. 15, s. 23.