2019 Ontario Budget SubmissionRelease Date: 02/05/2019 Staff Reference: Sarah Hobbs
The Canadian Life and Health Insurance Association (CLHIA) is supportive of the province’s efforts to reduce red tape and save taxpayers’ dollars.
Canada's life and health insurers play a strong role in supporting the province’s economy. Over 70,000 Ontarians work within the sector (as employees or independent agents). Two-thirds of Canada’s life and health insurance companies are headquartered in the province. This includes two ranked among the top 15 in the world. The industry is also a major investor in the province and contributes significant income through provincial taxes to the government.