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If it is your fault they're not going to give you crap about something as simple as wheels and springs. It's highly likely they wouldn't even notice them. As long as the wheels are legal to use. Not sure how that works in Canada land. Every other car you see here has wheels so if they invalidated coverage we'd be having issues constantly.
If you're expecting the insurance to pay for the parts, that gets more complicated. If you're not at fault the other party's insurance should cover it. Just show them proof of purchase for the damaged goods and they have to put your car back to the way it was before. Period. Insurance payed for my opticoat to be redone after I was hit, not problem. Again, not 100% on Canada but should be the same I would think. If you're worried about your insurance covering it in case of an accident with an uninsured driver it *should* work about the same, unless the total value of the modifications starts to significantly change the value of the car.
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