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Manitoba Tax Changes Impact Group Insurance

Manitoba Tax Changes Impact Group Insurance

The Manitoba Government recently announced changes to the 2012 Budget which will impact insurance contracts.  Effective July 15th 2012, Retail Sales Tax (RST) will apply to certain insurance contracts at the rate of 7%.  Group Insurance contracts including the following benefits will be affected, according to the Manitoba Government Taxation division bulletin found at http://www.gov.mb.ca/finance/taxation/bulletins/061.pdf […]

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