Most consumers don't know that provinces levy a tax on their insurance premiums - making insurance more expensive and lowering demand. This insurance premium tax, once meant as an alternative to the corporate income tax for insurers, has long been obsolete. The provinces should rethink their approach to insurance taxation to make it more equitable and less costly for consumers. Join authors, Alexandre Laurin, Director of Research and Farah Omran, Junior Policy Analyst at the C.D. Howe Institute, to discuss the impact of this.
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