What Is BenefitPlus?
Often referred to as "Cost Plus", BenefitPlus is a Private Health Services Plan under the Income Tax Act, which allows your business to tax deduct 100% of health, dental and vision expenses for employees. Expenses are 100% tax deductible for your company and non-taxable to the employee.
Who Can Be Covered by BenefitPlus?
Business owners, all employees or specific groups such as executives or key employees are eligible, as well as their dependents. A dependent is anyone for whom you are able to claim a Medical Expense Tax Credit under the Income Tax Act.