Employment Benefit Plan

Private Health Spending Account

The Canada Revenue Agency implemented the Private Health Spending plan in 1994 to provide an affordable alternative to traditional medical plans for employers to provide 100 % tax free benefits for themselves, their employees and the dependents

Turn your health care expenses into tax deductions.

Both the Employer and the Employee can contribute funds to this account to pay for a number of medically related expenses including the premiums of other providers such as sun life, manu-life, blue cross & so forth TAX-FREE !

How It Works

The Canada Revenue Agency requires the Employer to sign a contract with a PHSP / HSA Administrative provider agreeing to pay the medical expenses + administrative fees in order to take advantage of the tax-free business deduction.

Elite Business Services Ltd. is registered as a certified professional with the Canada Revenue Agency providing a number of services to small businesses including Accounting, Compliance & Tax therefore you can be assured signing a contract with us will ensure your business remain compliant with the guidelines set out by the Canada Revenue Agency.

Advantages to Elite Employment Benefits

100 % Tax Deductible

Canada Revenue Agency Support

No Monthly Premiums

Online Account Management

Direct Payment Mastercard

Flexible & Affordable Coverage

100% Confidentiality / Security

Available Manual Claims

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To sign-up you and your dependents please provide us with a completed form