Policy holders of certain types of insurance in Saskatchewan will soon receive a sales tax refund or credit from their insurance provider. Refunds and credits are automatic, so no action is required of policy holders. Most refunds or credits will be paid by June 30, 2018.
PST no longer applies to individual and group life, health, disability, accident and sickness insurance and crop, livestock, hail and margin/income insurance. The PST exemption on these insurance products is retroactive to August 1, 2017.