A Private Health Services Plan (PHSP) is a program for small businesses in Canada allowing 100% deduction of costs of operating a health benefit plan as a business expense, regardless of the number of employees. The reimbursement payments from the PHSP to your employees and family members are non-taxable benefits, so no personal income tax is paid. A PHSP does not have the income restrictions and thresholds for medical expenses like the Medical Expenses Tax Credit on personal tax returns even though they use the same list of eligible medical expenses as defined by Canada Revenue Agency.
Brock Health Administration Ltd. Company Business Activity
Direct Individual Life, Health and Medical Insurance Carriers
Direct Group Life, Health and Medical Insurance Carriers