Canadian Life & Health Insurance Facts // 2026 Edition 26
Insurers' Tax Contributions
I N D U S T R Y I N D E T A I L
*
Nearly 50 per cent of total tax contributions are premium-based taxes which directly impacts the cost of insurance products in Canada.
The industry's contribution is especially high for health insurance, accounting for about 50 per cent of value-add generated.
See Piling On - How Provincial Taxation of Insurance Premiums Costs Consumers, C.D. Howe Institute.
**
Taxes borne are taxes paid by insurers directly to governments.
***
Taxes collected are taxes that insurers collected from customers and employees and paid to governments on their behalf.
TERRITORIES
$
9M
BC
$
347M
AB
$
373M
SK
$
90M
MB
$
166M
ON
$
4.2B
QC
$
2.8B
NL
$
80M
NS
$
73M
PEI
$
14M
NB
$
58M
For a complete tax
breakdown, visit:
clhia.ca/facts
Life and health insurers play an important role in supporting
Canada's economy
With operations across Canada and a strong economic footprint, life and health insurers
continue to strengthen the economy by contributing $12.7 billion in taxes* supporting both
provincial and federal governments.
Provincial breakdown
The amounts shown on the map
are the total taxes collected by
each province.
Federal Provincial Total
Taxes borne**: $2.6B $4.5B $7.1B
Taxes collected***: $1.9B $3.7B $5.6B
Total tax contributions: $4.5B $8.2B $12.7B
