McGill health Services "Private Health Services Plan" (PHSP)

McGill health Services "Private Health Services Plan" (PHSP) from Mcgill Health Services

By: Mcgill Health Services   24-09-2013
Keywords: Great West Life Health Plans

Service Overview A McGill Health Services PHSP can provide significantly greater tax credits from your personal tax return. Equally attractive, this plan also covers a broad list of health care expenses including doctor's services, dental, drugs, nursing care, acupuncture, massage, chiropractors, and many other health care procedures. There are no caps or limits on any particular type of expense. Even if you already have an insurance plan, add a McGill Health Services "PHSP"and deduct the remaining amount/percentage your existing plan doesn't cover as a legal business deduction. Both insurance premiums along with items not covered by conventional insurance qualify as a business deduction for the self-employed. Premiums:The premiums for the benefits provided by a private health services plan, as defined by the INCOME TAX ACT (CANADA) CRA bulletin entitled IT-339R2, may qualify as a business expense. A (PHSP) is an insurance contractor plan that provides coverage for hospital and /or medical/dental expenses, used primarily for self-employed. We can provide an annual statement under a McGill Health Services (PHSP) similar to what our insurance company partners provide for premiums, to cover all other related non-hospital/medical/dental expense coverage to included these items as defined by CRA bulletin IT-339R2. This relates to "Sole Proprietor or Partner", "A sole proprietor or partner who does not have any employees" and "A sole proprietor or partner who is employed". Incorporated Business - An owner-operator of an incorporated business may be able to deduct expenses paid or payable to a private health services plan based upon certain conditions under CRA. 100% Tax-Deductible Health and Dental expense Lowest Cost "PHSP" Program in Canada - 2013 No Monthly Premiums to pay Idea plan for sole proprietors self -employed McGill Health Services "PHSP" - CRA Approved "PHSP" can be used with all existing plans No set-up fee whatsoever.

Keywords: Great West Life Health Plans

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