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Did You Know? – June 15, 2010

June 15, 2010

Did you know that the new HST will not affect your insurance?

With HST (Harmonized Sales Tax) coming into play in Ontario effective July 1, 2010, you may be wondering if this tax will affect your insurance premiums. The good news is that there will be no change to your insurance premiums as a result of this tax. There will be no additional taxes applied to your automobile insurance or your home, tenant or condo insurance; taxes will remain at 8% PST (Provincial Sales Tax).