A Private Health Services Plan (PHSP) that meets your needs
Health and dental expenses are among the few remaining expenses that a corporation can cover for an individual without triggering a taxable benefit
What is HealthPlus?
HealthPlus is a vehicle to have your company pay your health, dental and vision care expenses. It saves you taxes!
HealthPlus is a Private Health Services Plan (PHSP) under the Income Tax Act. HealthPlus can provide up to 100% reimbursement for Health, Dental and Vision care related expenses. HealthPlus covers all health-related expenses eligible under the Income Tax Act.
How much does HealthPlus cost?
There are no monthly premiums to pay. No payment is made in advance. HealthPlus has no setup fees whatsoever.
At the time of claim, the participant's employer sends CAPCORP a cheque in the amount of the claim plus a 10% administration fee (plus taxes). CAPCORP reimburses the participant for amount of the claim. This reimbursement is not taxable to the participant. The employer payment is a tax-deductible business expense.
So how much can HealthPlus save me?
Your savings will depend on your income and amount of your medical expenses. The savings typically range from 15% to 35%, depending on your income and province of residence. Note: Health Plus is not available in Quebec and is restricted to employees of incorporated companies.
Our Savings Calculator will help you estimate your savings.
More questions? Send us an email!
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