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The Province of Manitoba Increases Retail Sales Tax (RST)

Effective July 1, 2013 the province of Manitoba will be increasing the Retail Sales Tax (RST) from 7% to 8% on various goods and services, including certain types of creditor insurance coverage. If you are a resident of Manitoba, and have any of the insurance products noted below, this tax will be added to your insurance premiums and collected with your regularly scheduled payments starting mid January 2014 You will not be retroactively charged for these taxes.

Retail Sales Tax (RST) will be applied to the following insurance products:

  • HomeProtector®
  • BalanceProtector Premiere®
  • LoanProtector®
  • Business Loan Insurance Plan
  • Visa* CreditLine for Small Business

For more information on the new Retail Sales Tax, please visit the following pages on the Government of Manitoba’s website (opens external website in new window):

 

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