Section 5 — Excise Tax Act: Returns

Every person to whom section 4 applies shall, on or before April 30 in each year, make a return in writing to the Minister stating, with respect to each contract of insurance entered into or renewed by him or on his behalf during the immediately preceding calendar year and on which the net premiums are taxable under section 4, the name of the insurer; the amount of the insurance; the net premiums paid or payable during the immediately preceding calendar year;

and if the contract was entered into or renewed as described in paragraph 4(1)(b), the name and address of the broker or agent outside Canada through whom the contract was entered into or renewed. Every person who, acting as a broker or agent, obtains, effects or places or assists in obtaining, effecting or placing any contract of insurance entered into or renewed as described in paragraph 4(1)(a),

and on which the net premiums are taxable under section 4, shall, on or before March 15 in each year, make a return in writing to the Minister stating, with respect to each contract so entered into or renewed during the immediately preceding calendar year, the name and address of the person resident in Canada by whom or on whose behalf the contract was entered into or renewed and the net premiums paid or payable during that year. Every insurer that enters into or renews a contract of insurance as described in paragraph 4(1)(b),

and on which the net premiums are taxable under section 4, shall, on or before March 15 in each year, make a return in writing to the Minister stating, with respect to each contract so entered into or renewed during the immediately preceding calendar year, the name and address of each person resident in Canada with whom or on whose behalf the contract was entered into or renewed; the net premiums paid or payable during the immediately preceding calendar year; and the name and address of the broker or agent outside Canada through whom the contract was entered into or renewed.