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Tax Free Health Inc. Private Health Services Plan 
What is the Qualification criteria?
The criteria is straightforward and simple. You must own an incorporated business. The size of the business is not a determining factor. You can be the sole shareholder or have numerous shareholders and employees.
Are there any Premium Costs?
No. There are no premium costs to the program. The Tax Free Health Inc. Private Health Services Plan operates by administering the reimbursement of medical expenses between the employer and the employee. There is a 10% administrative fee for this service, plus GST. There is also a one time enrollment fee the employer must pay to participate in the program.
Can the Private Health Service Plan ("PHSP") be used in conjunction with a spousal plan?
In most cases, the PHSP can be used in conjunction with a spousal plan to offset costs of un-recovered items and cover a broader range of services.
What is Canada Revenue Agency's ("CRA") opinion on PHSP's?
Download a complete copy of the CRA Interpretation Bulletin here: "IT85R2 Health & Welfare Trusts"
What is the maximum allowable deduction annually? As an incorporated company, there are no annual limits to deductions. If limits are to be set, they are done so by the employer.
Who does the PHSP cover in my family?
Anyone in your immediate family can benefit from the use of the funds in the PHSP. The only limitation is the limit set when the employee opts into the plan. For example, if the employee benefit totals $5,000 per year, then any one member of the family may use that benefit in it's entirety or it can be allocated between family members as necessary.
Where are the funds in trust held?
Employers may elect to establish a trust to prepay expenses. Funds in trust are held in a trust account and are paid out tax-free as required to cover health care expenses. They cannot be withdrawn for any other reason, with the exception of the employee or employer canceling or opting out of the program.
Who tracks my claims and expenses?
You are responsible for submitting all claims to Tax Free Health Inc. Tax Free Health Inc. will then administer the program and provide an annual statement of the funds received and the claims paid.
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