Private Health Services Plans

A Private Health Services Plan (PHSP) is a tool for business owners to write off health and dental expenses without the monthly expense of a benefits plan.

The list of procedures and treatments eligible for coverage is extensive and is ideal for those who are exploring private healthcare alternatives in Canada or internationally. PHSPs can be purchased by an incorporated business as well as a sole proprietorship.

PHSP for the Incorporated Business Owner

If you are incorporated, you may have different benefit levels for each class of employee as long as the benefit amount does not exceed 20% of the employee’s gross income.

Work With Redcliffe Financial Group

Contact us today to see how you as a business owner can reduce your corporate taxes while financing the healthcare costs of your employees.