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Tag Archives: PHSP

Understanding PHSPs – of interest to business owners

This post will be of interest to business owners, whether a sole proprietor, partnership, or corporation, with or without employees. A Private Health Services Plan (PHSP) allows you to deduct medical expenses, for you, your family, and employees, subject to the limits and rules of the Canada Revenue Agency (CRA). This may complement personal or [...]

Business owners can expense medical and dental costs

A Private Health Services Plan (PHSP) allows business owners to expense medical and dental costs for themselves and their employees through their company (even self-employed). I am considering adding one program to my product shelf, but I would like to gauge the potential interest. I have added a link to a one question survey that [...]