Finally: affordable healthcare solutions for small businesses
For incorporated individuals, business owners and professionals, bizflex takes the form of a Health & Welfare Trust (HWT) sanctioned by the Canada Revenue Agency. These employee ‘bank accounts’ are 100% tax deductible to the corporation and not considered a taxable benefit to the employee. They are used exclusively to finance the health and dental expenses of the business owner, employees and their family members.
Rollover Unused Funds
Any funds deposited into the Trust by a business are 100% tax deductible for the year in which they are contributed. If the money is not spent that year, excess funds roll over indefinitely and can be used for a broader range of health services – unlike traditional plans or group insurance.