TaxTips.ca - Small Business - Private health services plans (PHSPs)

Doug Leard in Assante Vancouver Centre

Captured on 23 Jun 2010 from www.taxtips.ca

Private Health Services Plans - a tax-free benefit for employees

A business may deduct private health services plan (PHSP) payments made on behalf of employees and their dependents. These payments are not taxable to the employees, and there are no CPP or EI premiums charged on these payments.

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