<HST for s.7 IRB Reports>

Since the SABS under Insurance Act was amended, Intact Insurance has agreed to pay HST (Harmonized Sales Tax) for s.7 preparation of Income Replacement Report.

-Subtotal for IRB report: $2,489.83
-HST: $323.68
-Total Payment by the insurer: $2,813.51

Under the Regulation, the insurance company is liable for paying HST in addition to the expenses that have been incurred for preparing the Income Replacement Benefits report.