A Private Health Services Plan (PHSP) (oftentimes also referred to as a Health Savings Account - HSA) is a Canada Revenue Agency (CRA)  approved health services plan for Canadian Business owners that allow them to deduct as an expense medical and dental costs through their company. This is a great, cost-effective way to provide flexible health care benefits to your employees with the potential for huge tax savings. Employees may also contribute to an HSA account as a tax free option to raise the amount of coverage - employers will include the employee contribution on their T4 as a box 85

Sign up for one of the packages listed below to take advantage of tax free health-related medical expenses.

Level 1 -  based on 3% of your employees gross wage. Registration fee of $100 + 5% admin fees

Level 2 - based on 5% of your employees gross wage. Registration fee of $150 + 5% admin fees

Level 3 - based on a predetermined flat fee  Registration fee of $200 + 5% admin fees

The plan is used only when health related claims are processed for cost + fees

Personal, Rental, Farm & Small Business Returns

Does tax time stress you out ? - Elite Business Services Ltd. is registered as a certified professional with the Canada Revenue Agency - our goal is to help you pay less tax.  We look for every opportunity to maximize the tax deductions and credits as well as any additional programs or services available provincially or federally that you may be entitled to.

Getting organized is the first step in being able to claim every available deduction and credit you are entitled to.

Employment Expenses | Medical Expenses | Home Buyers Credit | Disability Tax Credits | Tuition | Child Care Expenses | Pension Splitting ….