Attention:
Small Business Owners

Convert your health, dental and vision expenses into a fully tax deductible business expense*

CRA’s Best Kept Secret

We are happy to bring to you this tax savings strategy – The PHSP

Convert YOUR FAMILY’S medical, dental, vision expenses into a tax deductible business expense. This tax strategy can result in significant savings for small businesses.

NO monthly premiums

NO hidden fees

NO deductibles

*available to incorporated businesses (or sole proprietors with arms length employees)

FlexSave™ was developed using the guidelines set forth in Canada Revenue Agency (CRA) Income Tax Bulletins – IT-85 R2, Tax Folio S1-F1-C1: Medical Expense Tax Credit, IT-529, IT-339 R2. Every tax situation is unique and can be quite complex. Clients should always seek independent tax advice before putting a FlexSave™ plan in place or deducting expenses related to FlexSave™.

What is a Private Health Services Plan (PHSP)?

A Private Health Services Plan (PHSP) is a CRA APPROVED PLAN –  Canadian tax-free vehicle for financing the health care costs of business owners, their family and employees.

FlexSave™ is a tax strategy that allows incorporated and unincorporated (with arms length employees) businesses to tax-deduct their employee benefit plan health and dental expenses in a tax-effective and cost-efficient manner. It is designed to provide employees with a tax free benefit for qualifying medical expenses they incur, paid for by their employer. The employer may be permitted to deduct the full amount as an operating expense.

It's Very Simple

Eligible Medical Expenses: What is covered?

The general guiding principle for expense eligibility is that the treatment must be conducted for medical reasons. Procedures covered under traditional employee benefit plans would be covered by the FlexSave™ plan as well as other less conventional expenses.

Optional coverage travel medical & in-province catastrophic

In conjunction with SSQ Insurance, HUB Financial offers optional supplementary coverage to all FlexSave™ applicants. For a minimal cost, this coverage provides clients with protection should a catastrophic medical event occur either in province or while traveling.  Available exclusively to FlexSave™ clients, this plan offers two areas of protection in one plan.

Unbelivable Rates

under age 70

Let us help you save money!