Health and Dental Tax Savings for all business owners. The Private Health Services Plan (PHSP) is a CRA approved tax savings program that allows any business owner to reimburse plan participants tax-free for eligible medical expenses and then deduct the reimbursement as a business expense – great for the business, participating owners and permanent or temporary employees.
The eligible expense requirements for the PHSP are in general much more flexible than under insurance programs and can include items not covered at all by insurance or only partially, so the plan can be used along with any group or individual health and dental plan or completely stand-alone.
Click here for the PHSP information package.
Learn more by emailing Hub Strata or call 1-866-996-7477.
