British Columbia captive domicile overview
2025-10-31
Canada's first onshore captive domicile (1988 legislation); now faces competition from Alberta.
| Active captives | Est. 20-25 (regulator does not publish a list) |
| Minimum capital | C$200,000 shareholders' equity (pure captive); C$300,000 (association) |
| Annual licence fee | Application approx. C$10,000; annual renewal approx. C$5,000-10,000 |
| Tax treatment | Premium tax ~4-4.5% on in-province admitted business; out-of-province/foreign risks generally exempt |
| Regulator | British Columbia Financial Services Authority (BCFSA) |
Data updated October 2026, compiled from regulator statistics and industry sources (Captive Review, Business Insurance, etc.). Figures refer to the most recent available year; please refer to regulator disclosures for the latest data.