Maximize your tax savings on all your health bills. If you’re a small business owner who owns a business of any size and has employees and dependants, your company is eligible to qualify for this Private Health Services Plan. For more information see www.hubfinancial.ca.

Private Health Services Plans are an innovative way to tax-deduct money spent on all healthcare and dental services. It can be used on its own or in combination with existing group insurance coverage. With today's rising healthcare and dental costs and aging population, PHSP is an ideal way to maximize tax-deductibility, customize flexible benefits and reduce costs.

Who Qualifies?

Corporations
Increasingly, corporations are facing rising benefits costs combined with more restrictive contract wording. With PHSP, corporations can take advantage of a new approach that could save up to 30% and provide increased flexibility and control. There are no limits or conditions* (*Provincial Medical / Travel Medical is available but not compulsory for Corporations).

Unincorporated/Self-employed Individuals
Before 1998, there were only two ways for self-employed individuals to pay for medical and dental expenses:

With PHSP, self-employed individuals and unincorporated entities can completely tax-deduct money spent on all eligible healthcare services. PHSP can be used on its own or in combination with existing group insurance coverage.

Annual Limits - $1500 for each adult and $750 for each child. For example, a family of 2 adults and 2 children has a maximum benefit of $4500. This can be used by any one individual*
 
(*Condition - Canada Customs & Revenue Agency 'CCRA' requires an element of risk component for unincorporated/self-employed individuals. The element of risk associated with PHSP is Provincial Medical/Travel Medical Insurance).