What are they all about?

A Private Health Services Plan (PHSP) is an excellent alternative or enhancement to traditional health care coverage. Based on federal legislation, our program is an inexpensive and uncomplicated means of handling health related expenditures without paying insurance premiums.

The Olympia Trust Private Health Services Plan is derived from Section 248(1) of the Income Tax Act & Interpretation Bulletin IT-339R2.

The purpose of the plan is to enable employers to provide a non-taxable benefit to employees while deducting these expenditures.

What’s in it for you?

As a business owner, health care expenses can be paid with pre-tax dollars through your company, creating a legitimate deduction. On a personal level, 100% of eligible health/dental costs are reimbursed on a tax-free basis.