A full GST exemption on life insurance premiums could mean more expensive premiums for policyholders. Here’s why?
At present, a high GST rate of around 18% on life and health insurance premiums makes plans too costly, which leads to many people potentially forgoing proper insurance coverage. But if both life and ...
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GST exemption on domestic supplies, commercial imports of COVID drugs to make them costlier, says Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Sunday said GST exemption to domestic supplies and commercial import of COVID drugs, vaccines and oxygen concentrators would make these items costlier for ...
Yahoo Finance15d
BRITISH COLUMBIA'S REGISTERED CLINICAL COUNSELLORS (RCCs) NOW EXEMPT FROM CHARGING GST FOR PSYCHOTHERAPY SERVICES
VICTORIA, BC, Jan. 29, 2025 /CNW/ - The Canada Revenue Agency (CRA) has officially confirmed that Registered Clinical Counsellors (RCCs) in BC are now exempt from collecting GST on psychotherapy ...
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Life insurers oppose GST exemption on term insurance, flag input tax credit concerns
Life insurance companies have opposed a proposal to exempt term insurance premiums from goods and services tax (GST), saying the move would block input tax credit (ITC) and result in higher costs ...
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BRITISH COLUMBIA'S REGISTERED CLINICAL COUNSELLORS (RCCs) NOW EXEMPT FROM CHARGING GST FOR PSYCHOTHERAPY SERVICES
Removing GST/HST on psychotherapy services will lower barriers of access to quality mental health services for all British Columbians. On June 20, 2024, the CRA declared that psychotherapy services ...