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CRA Excise Taxes and Special Levies Memorandum X7.1, “Special Levies – Insurance Premiums”

Tax Development Feb 19, 2009

The Canada Revenue Agency has issued this memorandum to provide information on the Excise Tax on insurance premiums other than marine, levied under the Excise Tax Act. This memorandum gives detailed information on who is liable for the tax, who must file a return and the classes of insurance where the tax does not apply.

CRA Memorandum X7.1