Thursday, August 10, 2017

What is a Private Health Services Plan (PHSP) & How do I Qualify?


A PHSP lets you expense your medical and dentals costs (for you, your employees, and family) through your company, creating a cost-effective way to extend flexible health care benefits and earning large tax savings for you. Instead of paying your medical expenses with your after-tax dollars or through premiums, you have the option to pay through your business using before tax dollars. By paying your medical bills as a business expense, you reduce your taxable income, generating more savings for you at tax season. You can claim 100% of a wide variety of medical costs (including braces, physiotherapy, vision care - even your spouse’s premiums!).


Whether you are an Owner/Operator, Small Business, Medical Services Provider, or employee, you can benefit from these tax savings. No hidden fees, no monthly premiums, just a simple claims form filled out by hand or on your computer.


No set up fees, low cost admin fees, large tax savings. This is Corporate CARE.


Posted by Margaret Koniuck at 12:00 AM 0 Comments

Tuesday, September 03, 2013

Tax Free Benefits

As a small business you are looking to save at every corner but it does not have to come at the cost of your employee benefits.  With Corporate Care you can provide all the medical benefits that much larger companies provide at a fraction of the cost. We do this through the use of a private health service plan. The Corporate Care plan has no sign up fee and no monthly fee and is completely customizable for you and every one of your employees. It is simple and easy to use. You can sign up on our website in under 5 minutes and start saving the same day.  By running your personal health and dental benefits through Corporate Care, a third party administrator, business owners can write off their health and dental expenses through their business. This is a personal tax-free benefit to the owner.  If you extend this out to your employees by way of a health spending account, it’s a wonderful tax-free benefit for your employees, too.

Other tax free benefits that may interest you:

Overtime meal allowances:  Since 2009 Canada Revenue agency no longer considers a meal to be a taxable benefit if an employee is working overtime. To a maximum amount of $17

Non-Cash gifts under $500:  As an employer you are allowed to give non cash gifts worth up to $500 a year without it being considered a taxable benefit.


Post-secondary scholarships for your kids:  For all your employees that have kids this is a popular one, as an employer you can provide your employees children with scholarships for post secondary education the scholarship must be declared by the employees children. The scholarship cannot be used for primary or secondary school.

2017 Update:

Rules for gifts and awards

gift has to be for a special occasion such as a religious holiday, a birthday, a wedding, or the birth of a child.

An award has to be for an employment-related accomplishment such as outstanding service, employees' suggestions, or meeting or exceeding safety standards. It is recognition of an employee's overall contribution to the workplace, not recognition of job performance. Generally, a valid, non-taxable award has clearly defined criteria, a nomination and evaluation process, and a limited number of recipients.

Posted by Margaret Koniuck at 3:19 PM 0 Comments

Tuesday, July 02, 2013

Fun in the Sun

With summer finally on the horizon Canadians will be able to enjoy many outdoor activities and hours spent in the sun. It’s also important to remember to take safety precautions that come with spending time in the sun.

When you are outside in the heat one of the most important things to do is stay hydrated. Heat stroke is a very dangerous preventable condition that should be avoided at all cost. Other precautions that should be taken are to wear loose fitting light weight and light color clothing. In addition be wary of medications that affect your ability to stay hydrated and dissipate heat.

If you are spending the day outside it’s important to use proper sun protection or limit your time under direct sun rays. Remember that you can also sunburn on cloudy days too.


Even the most prepared and carful person have unexpected unavoidable medical expenses. Whether you need that chiropractor after pulling a back muscle mowing the lawn or wakeboarding or prescription medications to help you conquer a bout of poison ivy, Corporate Care is there to provide you with your own custom Private Health Service Plan.

Posted by Margaret Koniuck at 4:21 PM 0 Comments

Thursday, June 06, 2013

Colossal Cost for Healthy Teeth

Most employees don’t know are the details of their traditional health and dental plan and what dental expenses are covered. These traditional plans automatically deduct the monthly premium from your paycheque but most employees do not know what limitations there are on these plans. Understanding the details of your dental insurance plan is a difficult and tricky ordeal and often has hidden restrictions. For example your coverage may only allow one cleaning per year even if you have no other dental expenses. For other employees that have children that require orthodontic work, these costly procedures can add up quickly and can exceed their dental coverage. One of the biggest benefits of Corporate Care is that is gives the employee flexibility of what health care expenses are covered.


Corporate Care (a private health service plan (PHSP)) allows the business owner to provide flexible benefits to their employees. This allows each individual employee to decide where they want their health coverage dollars to go. If an employee has healthy teeth they can choose to spend majority of their benefits on a different health expense like chiropractic care.  If an employee has children with orthodontic expenses they can choose to spend their health benefits there. Both health benefits are covered and employees are empowered to make their own health care decisions. 

Posted by Margaret Koniuck at 4:02 PM 0 Comments

Friday, May 31, 2013

Why you should offer employee benefits?

Once you have great employees in your company how do you improve your odds of keeping them? One way is to offer a good benefits package. Many small businesses believe that offering employee benefits is too costly. This may help your bottom line in the short run but could hurt you in the long run, if you can’t retain your good employees.

Each employer is required by law to make payments towards the following:

  • Unemployment Insurance
  • Workers Compensation (If you work in a hazardous environment)
  • Canadian Pension Plan
  • Paid vacation, holidays

Benefits you are not required to provide include:

  • Health plans
  • Dental plans
  • Vision plans


An effective way to provide these benefits is through a private health service plan (PHSP) such as Corporate Care. This type of plan has the least restrictions and is the most affordable for you and your employees.  For as little as a 5% administration fee over and above the cost of the medical expense, you can offer a health benefits plan to your employees that can match any budget you set forth.

Posted by Margaret Koniuck at 9:53 AM 0 Comments