Banking Services

There are three ways you can pay your insurance premium taxes through your bank or financial institution:

Tax returns cannot be filed through your bank or financial institution. If you also need to file a tax return, you must submit it separately using another method.

Bill Payment Service

Bill payment services can generally be accessed through:

  • your online banking account
  • an automated teller machine (ATM)
  • telephone banking

Be aware that payments made using bill payments services can take up to 3 business days to process. To avoid late payment penalties and interest, make your payment more than 3 business days before the due date.

To pay your taxes using a bill payment service you need to add a payee for Insurance Premium Tax to your bank account. To add a new payee to your bank account you need to know our payee name and your account number.

Payee Name

You should be able to find us listed with your bank under one of the following payee names:

  • BC - InsPrmTax (instalment or tax return payments)
  • BC - STMT OF ACCT (overdue and unpaid balance payments)

Note: some banks and financial institutions will use a variation of the payee names above. If you can't find us, call your bank for assistance.

Account Number

You should find your insurance premium tax account number (e.g. IPX-XXXX-XXXX) listed on the last reminder to file notice, or instalment advice letter you received.

If you haven’t filed a tax return before you won’t have an account number and will need to make your payment using another payment option.

Electronic Funds Transfer

To send us a payment through electronic funds transfer (EFT), your bank will need our account information:

Account Name:

Province of British Columbia

Bank Name & Branch Address:

Royal Bank of Canada
1789 Lonsdale Ave
North Vancouver BC V7M 2J6

Bank Number:

0003

Bank Transit:

04000

Bank Account Number:

125-916-7

To avoid processing delays and ensure the proper application of your payment, you must send the payment details to us through:

  1. Email at RSBCClientCare@gov.bc.ca with the subject line “Electronic Funds Transfer – Your Business Name – Your IPT or IPN Account Number”

Or

  1. Fax to 250 405-4415, attention Electronic Payments Clerk, Revenue Services of British Columbia

Provide the following details in your email or fax:

  • Your business name
  • Your business number
  • Your IPT or IPN account number
  • The taxation year the payment is for
  • The date the payment was submitted
  • The amount you paid

Your financial institution may have standard charges that apply to EFT payments. Ensure your financial institution does not deduct charges from the payment amount due as this will result in an underpayment.

Wire Transfer

To send us a payment through a wire transfer, your payment must be made in Canadian dollars and your bank will need the following information:

Beneficiary Name:

Province of British Columbia

Address:

1802 Douglas Street
Victoria, BC  V8T 4K6

Bank Name:

Royal Bank of Canada

Address:

1789 Lonsdale Ave
North Vancouver BC V7M 2J6

Beneficiary Account No.:

125-916-7

Bank Number:

0003

Transit Number:

04000

Bank Code:

//CC 000304000

Swift:

ROYCCAT2

Description or Reference Field

IPT or IPN Account Number

To avoid processing delays and ensure the proper application of your payment, you must send the payment details to us through:

  1. Email at RSBCClientCare@gov.bc.ca with the subject line “Electronic Funds Transfer – Your Business Name – Your IPT or IPN Account Number”

Or

  1. Fax to 250 405-4415, attention Electronic Payments Clerk, Revenue Services of British Columbia

Provide the following details in your email or fax:

  • Your business name
  • Your business number
  • Your IPT or IPN account number
  • The taxation year the payment is for
  • The date the payment was submitted
  • The amount you paid

Your financial institution may have standard charges that apply to wire transfer payments. Ensure your financial institution does not deduct charges from the payment amount due as this will result in an underpayment.