Creditor insurance sales tax update
The Government of Quebec has announced effective January 1, 2027, the Quebec Sales Tax (QST) rate applied to insurance premiums will increase from 9% to 9.975%. If you’re currently enrolled in CIBC creditor insurance, this change will affect the tax charged on your creditor insurance premium. The insurance premium itself is not changing. This change affects only the tax applied to your premium and doesn’t change your insurance coverage or benefits. If you have any questions or require more information, contact the CIBC Creditor Insurance Helpline at 1-800-465-6020 Opens your phone app.. Or you can visit your nearest banking centre.
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Travel Insurance
Sometimes things don’t go as planned — we're here to help. Choose from our flexible options and get protection for you and your family when you travel. Assistance is available 24/7.
Creditor Insurance
Life is unpredictable, but your financial security doesn't have to be. Creditor insurance helps you safeguard your financial commitments in case you become disabled, lose your job, get a critical illness or pass away.
Creditor Insurance for CIBC Mortgages, CIBC Personal Lines of Credit, CIBC Personal Loans and CIBC Payment Protector™ Insurance for Credit Cards are underwritten by The Canada Life Assurance Company.
CIBC Travel Insurance plans are underwritten by Co-operators Life Insurance Company (accident and sickness benefits) and The Sovereign General Insurance Company (property and casualty benefits). CIBC Travel Insurance is administered by Allianz Global Assistance, which is a registered business name of AZGA Service Canada Inc. Allianz Global Assistance provides the CIBC travel assistance and claims services in respect of all insurance coverage under CIBC Travel Insurance plans. CIBC earns compensation from the insurer for the promotion of CIBC Travel Insurance plans.