®

CostPlus is a Private Health Services Plan as

defined by CRA Bulletins  IT339R2  (see Forms)

​

As such CostPlus is a  reimbursement plan  through

a third  party, arms-length administrator. We reimburse

out-of-pocket health & dental expenses for the owners and employees of  incorporated companies, and for the employees of incorporated & unincorporated companies.

 

If an employer or business owner were to reimburse  health & dental expenses directly through their own company, those reimbursements would  have to be declared  as  taxable income.  When done  through CostPlus  (a third party)  the  reimbursements  are

tax-free  and  become a corporate tax deduction!!

​

This is a non-taxable benefit for the employees and

a  100%  reimbursement  of  qualifying  expenses.

That's a considerable savings for business owners

versus out-of-pocket expense.

​

Your company benefits  from using  CostPlus  too!

The expense is paid with pre-tax business dollars and becomes a tax deductible employee-benefit-expense

for  the  company  at  tax  time.

​

Plans can be arranged for separate, definable classes of any of; Executives, Employees, Part-time Employees,

Retirees, Sales Staff, etc... and can include dependents.

Sub-classes  (e.g. Senior Executives)  with  differing maximums  and range of benefits are also possible.

​

Plans can be custom tailored to suit your company's particular  needs, including different  maximums  for different classes.

​

Owners of un-incorporated companies are not eligible under CRA  guidelines, nor are shareholders who  are

not  also  bona fide  employees.  Employees  must be bona fide  employees  collecting  a  pay-cheque.

​

​