You work hard for your money. And as a wise business owner,you minimize the tax you pay by deducting every eligible expense from your business income. That’s smart thinking. But did you know there’s one important expense many Canadian business owners overlook? Here’s a clue – this is not only an eligible business expense, but100% of it is tax-deductible.

Here’s the secret most business owners don’t know: Canada Revenue Agency (CRA) allows you to deduct 100% of the dollars you pay for health coverage for you, your family and your employees. Now before you jump to any conclusions, don’t assume this applies only to health insurance. CRA gives you a second option, which is a simple but highly effective alternative to health insurance. It’s called a health fund, and it’s like having a tax-free bank account for your health.

Straightforward, Low-Cost Alternatives for You and Your Employees

We have two key health plans designed to meet the distinct needs of business owners,
whether your objectives focus on tax savings, employee recognition, increased productivity, alternate forms of compensation, better health coverage, or all of the above. Both plans meet CRA’s criteria for 100% tax deductibility.       

1. WellSpentExecutive Health Fund for incorporated business owners and their key executives. This is perfect if you don’t have health coverage or would like to supplement your existing coverage.
   
   
2. WellSpentCorporate Health Fund,designed for all employees. This is ideal for companies that do not have a benefit plan and have 5 or more employees.

The best part isyou get the most generous coverage in Canada including wellness and cosmetic health services – and you don’t pay anything out of your own pocket on those expenses. That’s right. No deductibles, no co-payments, no hassles. And no separate “set-up” fee. All you pay is a minimal administration fee each year. 

Many clientssave over $2,000 each year with a WellSpent Health Fund.Find out how it works and see profiles of successful business owners taking advantage of this opportunity. On this website you will find details of both plans, plus a quick comparison chart comparing the highlights of each plan.  

Be well,

Dave Mitchell
P.S.  Don’t delay.  Start saving tax dollars today!