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Videos and brochures both contain information referencing cosmetic procedures. These are no longer eligible expenses UNLESS medically necessary.

   
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FAQ

What are the costs?

There is a one-time set-up fee of $200 regardless of the number of employees in the company. There are no other ongoing administration fees unless a claim is made. All claims are subject to a 10% (plus applicable taxes) administration fee, which is 100% deductible to your company.



What is covered?

Acupuncture

Alcoholism Treatment

Ambulance

Anaesthetist

Artificial Limbs

Audiologist

Birth Control Pills

Blood Tests

Braces

Cardiographs

Chinese Medicine

Chiropractor

Contact Lenses

Contraceptive Devices

Cosmetic Surgery *

Crowns & Bridgework

Crutches

Dental Implants

Dental Treatment

Dental X-rays

Dentures

Dermatologist

Diagnostic Fees

Diapers For Incontinence

Drug Addiction Therapy

Drugs (prescription)

Elderly Parent and Dependent Care

Eyeglasses

Fees paid to health institute prescribed by a doctor

Fertility drugs and treatment

Fluoridation units

Guide dog

Gynecologist

Hearing aid and batteries

Hospital bills

Hydrotherapy

Insulin Treatments

Lab Tests

Laser eye surgery

Lodging (away from home for outpatient care)

Metabolism tests

Naturopath

Neurologist

Nursing (including board and meals)

Obstetrician

Operating room costs

Ophthalmologist

Optician

Oral surgery

Organ transplant (including donor's expense)

Orthodontics

Orthopedic shoes

Orthopedist

Osteopath

Overseas medical services

Oxygen and oxygen equipment

Pediatrician

Physician

Physiotherapist

Post-natal treatments

Pre-natal care

Prescription medicine

Prescription sunglasses

Psychiatrist

Psychoanalyst

Psychologist

Psychotherapy

Radium therapy

Registered massage therapy

Special school costs for the handicapped

Special needs tuition

Spinal fluid test

Splints

Sterilization

Surgeon

Telephone or TV equipment to assist the hearing impaired

Therapy equipment

Transportation expenses (relative to health care),

Ultraviolet ray treatments

Vaccines

Vasectomy

Vitamins (if prescribed)

Viagra

Wheelchair

X-rays


Note: This is a partial list. All allowable expenses must qualify as outlined in the Canadian Income Tax Act (Section 118.2). You can find the complete list under CRA’s bulletin IT-519R2.

News: As a result of changes to the 2010 federal budget (effective March 4, 2010) purely cosmetic procedures will no longer be eligible. Examples given in the federal budget plan include liposuction, hair transplants, Botox and teeth whitening.

What happens to the money in the plan?

The money that you put in is completely tax-deductible in the year of contribution. The funds themselves sit in our Trust account and are withdrawn tax-free to pay for healthcare expenses.

What happens if I don't use all the money that I contribute?

Any unused contribution carries forward and remains in the plan for future use.

Why should I consider bizflex plus?

While bizflex is a great way to deduct predictable health-related expenses, bizflex plus rounds out your coverage by protecting you and your family against unforeseen health expenses that could prove to be financially crippling. For less than 30 cents a day, you can receive over a $1 million of coverage – and peace of mind.

Who administers bizflex?

Based in Calgary, AVP Financial is a specialist in Health and Welfare Trusts (HWT) and Private Health Services Plan (PHSP), and acts as a third party administrator of these plans.

How is bizflex administered?

Claims can be paid in one of two ways. The healthcare practitioner - for example a dentist - can bill AVP Financial directly. The second method - particularly for smaller expenses - is to pay for the expense and submit it to AVP Financial for reimbursement. You can be reimbursed electronically directly into your bank account, or a cheque can be mailed out to you.

How do I keep track of all my receipts?

AVP Financial will do this for you. We will send statements detailing all money received and all claims paid during the calendar year.

Can I deduct expenses already paid for this year?

Yes in most cases, as long as these expenses have not been claimed elsewhere. For specific questions, please call toll free 1-888-214-3211.

What expenses are covered?

Here’s a list of eligible expenses (What’s Covered). More information can be found on Canada Revenue Agency’s bulletin IT-519R2.

How do I go about setting up the plan?

Fill out the online Application Form and send it along with a cheque in the amount of $200 CDN made payable to AVP Health and Welfare Trust and send to bizflex, Suite 222, 855 – 42 Avenue SE , Calgary, AB, T2G 1Y8. A contract will be sent to you by email for signature. At that time you will be asked to return the signed contract, along with your initial applicable receipts back to AVP Financial. If you need further information, call 1-888-214-3211. Please note that this is a Canadian Tax Plan and is only available to Canadian residents (not available in Quebec).

Where can I find out more about the Canada Revenue Agency’s interpretation of these plans?

There is information on the Canada Revenue Agency website on the guidelines for Health and Welfare Trusts and Private Health Services Plans. The CRA bulletins specific to the subject are as follows:

IT-85R2 – Health and Welfare Trusts
IT-339R2 – Private Health Services Plans
IT-519R2 – Medical Expense, Disability Tax Credits and Attendant Care Deduction (What’s Covered)



Do you have a drug card available for employee use?


Yes. This enables the employee to use the company drug card when they go to a pharmacy to purchase prescription drugs. So, instead of the employee paying out of pocket, the expense is billed to the company when a drug card is used. However, there is a cost attached to this convenience.
 

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