A Private Health Services Plan (PHSP) is a Canada Revenue Agency (CRA) approved plan that is an effective way for businesses to convert all healthcare and dental expenses into a fully tax deductible business expense. This tax strategy can result in significant savings for small businesses and large corporations.
One-time set-up fee plus applicable taxes. The additional cost is 10% administration fee on all claims submitted plus applicable taxes (only paid on administration fee) depending on which province you live in.
If you own a business, you can enroll in a PHSP today. Contact us to learn more.
Whether you are with a business, association, or owner operator, we have the solution for your needs.