GST/HST treatment of insurance claims: Rv3-2/17-16-2014E-PDF

"This memorandum explains, for purposes of the GST/HST, certain provisions of the Excise Tax Act (the Act) that relate to the treatment of insurance claims. It discusses the GST/HST status of supplies made in the settlement of an insurance claim. It also discusses the net-of-GST/HST method used in settling property insurance claims, the GST/HST treatment of property transferred to an insurer upon settlement of a claim and how the GST/HST applies when a default occurs under a construction performance bond"--p. [1].

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Department/Agency Canada Revenue Agency.
Title GST/HST treatment of insurance claims
Series Title GST/HST memorandum
Publication Type Series - View Master Record
Language [English]
Other Language Editions [French]
Format Electronic
Electronic Document

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Note Issued also in French under title: Traitement des règlements de sinistres sous le régime de la TPS/TVH. Caption title. "August 2014." Chapter 17.16 of the GST/HST memoranda series. "This version replaces the one dated March 2001. It also cancels and replaces the following GST/HST Policy Statements: P-210R, Settlement of a Claim under a Performance Bond Issued in Respect of a Construction Contract, and P-56R2, Insurance Adjustment Services (formerly Licensing of Insurance Adjusters)."
Date 2014.
Number of Pages 30 p.
Catalogue Number
  • Rv3-2/17-16-2014E-PDF
Subject Terms Goods and services tax, Harmonized sales tax, Excise taxes