HEALTH AND DENTAL - 100% TAX DEDUCTABLE

A plan for business owners and employees

 

Includes deductibles and expenses not covered 
by any insurance program
The Problem: In the past, when a business paid health care costs, the employee had to declare the payments as taxable income.

PHSP: In 1989, the Canadian Tax Act changed - health costs paid by the business are 100% tax deductible yet the employee does not have to declare it as income -

AS LONG AS the employee enters in a contract with a PHSP administrator, such as MedicalTax Inc.

A PHSP (Private Health Services Plan) is not insurance.

MedicalTAX Inc. DOES NOT SELL INSURANCE. MedicalTAX inc. is a cost-plus "pay if and when you use our services" administrator.

Even when an employee has some insurance coverage (through a spouse, or otherwise) a PHSP can be used as a TOP-UP plan to cover deductibles or items not covered.

PHSPs, unlike insurance policies, are designed to be inclusive, covering nearly all health care expenses. 

::1002 - 14th Ave SW | Calgary AB | T2R 0P1 | p: 403.228.7825 | f: 403.228.7925 |medical@thefundingnetwork.ca::