Health & Wellness Benefits
Maximize Employee Reimbursements
Transform health and dental expenses into tax-free benefit reimbursements for employees, providing them with essential support while ensuring these costs are fully tax-deductible for your business. This approach not only enhances employee well-being but also offers a smart financial strategy that benefits both your team and your bottom line.
All Business Structures Qualify for Health Spending Accounts:
Incorporated Business
Professional Corporations
Sole Proprietorships
MediDirect HSA
With an HSA, medical & dental expenses are 100%
tax deductible to the business
- Each business structure has defined rules and regulations set out in the Income Tax Act
- Allow shareholder/owners to receive tax-free money from the business
- Have no monthly premiums or deductibles
Wellness
Health expenses that do not fit within CRA’s definition of medical and dental expenses can be covered.
- Wellness expenses are taxable benefits
- Employees receive full reimbursement for added health costs
- MediDirect records and provides reporting to business for employee T4 taxable benefits
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