Alberta tax increase

On April 1, 2016, the Alberta government is increasing the provincial premium tax by one percent. The increase from 2% to 3% applies to all insured benefit plans with plan members in Alberta. It does not apply to Administrative Services Only (ASO) benefit plans.

Manulife includes premium tax in insured premium rates and remits the collected tax to the Government of Alberta; therefore no action from Plan Sponsors is required.

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