Specializing in Management of Personal Health Spending plans for small to medium sized Businesses.

What is a Personal health Spending Plan?

A Personal Health Spending Plan allows  the corporation or a small business with you as the self-employed Director/Shareholder in the business, to deduct a wide range of medical and dental services. A Health Spending Account is a self-funded plan, in which the employer is responsible for providing health care benefits up to a pre-determined dollar value. Through a Personal Health Spending Plan, a corporation can deduct the owner/employee’s eligible medical and dental services. The services that can be deducted through this type of plan, are extensive, and encompass  a wider range of services than are generally covered under traditional insurance  health and dental benefit plans. The corporation can then write off 100% of the cost. Sole Proprietors are also allowed to set up a Personal Health Spending Plan: The amount they can deduct is limited to: $2171.00 for the 2014 year. (This is always subject to change.) For more information please call. The reimbursement that is paid out  is a tax-free benefit.

Just think about it: you can now enjoy:

100% tax-deductible health and dental expenses.

100% coverage with more eligible expenditures.

With No Monthly Premiums.

A Personal Health Spending Plan can be used instead of, or in conjunction with, a traditional Health Benefits Insurance Plan. Personal Health Spending Plans are defined as Private Health Services Plans by Section 248(1) of the Income tax Act and on Interpretation bulletin IT339R2 and IT539R2 (1988 and subsequent taxation years).

For more information please contact us. Phone: 403 253 8686

Fax: 1 866 731 3391