Insurance is complex enough – what happens when it intersects with our tax system? We have good news… Under the Excise Tax Act, insurance is a financial service, making it exempt from GST. If we only had to address the GST, this would be a simple, short article. However… And we have bad … [Read more...]
Act Now: Insurance policies and the duty to notify
Insurance policies require insureds to notify the insurer of claims and potential claims. Insurance policies, like any other contract, contain certain legal obligations. For example, insurance policies of all types require insureds to notify the insurer of loss or damage – or in the case of … [Read more...]