Tax rates and the applicable period

Below is an outline of the premium tax and compensation tax rates, and their applicable period.

Quebec tax rates

From December 3, 2014 to March 31, 2022

Beginning April 1, 2022

Premium tax

3.00%

3.00%

Compensation tax

0.48%

0.30%

Total tax rate

3.48%

3.30%

What this means for you

  • Your next renewal will reflect the change in premium tax rates.
  • We’ll ensure financial statements for refund accounting arrangements include a prorated tax rate, after April 2022. So your statements will reflect the tax rate in-force before and after the effective date of the change.
  • Your April 2022 ASO invoice, issued in May, will show the reduced tax rate.

Questions? We’re here to help.

If you have fewer than 50 employees, please contact your Client Service Administrator at 1-877-786-7227.

If you have more than 50 employees, please contact your Sun Life Group Benefits representative.