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PHSP Private Health Services Plan Administration NeoPlanPlus | About

Low Cost PHSP (Private Health Services Plan) covering eligible expenses for medical tax deductions. Allows process medical expenses for health benefit payments

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Low Cost PHSP (Private Health Services Plan) covering eligible expenses for medical tax deductions. Allows process medical expenses for health benefit payments
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PHSP Private Health Services Plan Administration NeoPlanPlus | About | neoplanplus.com Reviews

https://neoplanplus.com

Low Cost PHSP (Private Health Services Plan) covering eligible expenses for medical tax deductions. Allows process medical expenses for health benefit payments

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1

PHSP Private Health Services Plan NeoPlanPlus | At What Cost

http://www.neoplanplus.com/PHSP_AT_WHAT_COST.html

HOW DOES IT WORK. Cost for Incorporated Business (Inc., Ltd., Professional, etc.). Example when no NeoPlan PHSP involved. For employee with marginal tax rate at 30% to pay $1000 medical expense, corporation with no PHSP would have to be remunerated with $1430. For the employer it is 43% "surcharge". Example with NeoPlan PHSP. To get a feeling of expenses involved and to do some projections for yourself you can use our PHSP Calculator. IT-339R2 Meaning of private health services plan.

2

PHSP Private Health Services Plan Administration NeoPlanPlus | About

http://www.neoplanplus.com/index.html

HOW DOES IT WORK. PHSP How to reduce tax burden on health spending for entrepreneurs. In essence, PHSP tax deductions can go up to 100% for small incorporated businesses. Take a look at the following article on business news section of CBC website featuring PHSP and all benefits that comes with it. Http:/ www.cbc.ca/news/business/smallbusiness/story/2011/09/16/f-smallbiz-phsp.html. Having Neo Plan Plus PHSP in place will give you quite a few benefits. Some of them are:. Worry free claims control process.

3

PHSP Calculator | Neo Plan Plus Company

http://www.neoplanplus.com/PHSP_CALCULATOR.html

HOW DOES IT WORK. Neo Plan Plus PHSP Calculator. There are several considerations should be taken into account when choosing PHSP plan provider:. Does the provider have comprehensive tax coverage solution for you (collecting/remitting taxes). Does the provider have flexible approach to tax coverage (you in charge or provider). Can you calculate your medical coverage upfront and do projection for this matter. Does the provider clear on all plan expenses (Ontario has some extra taxes to cover).

4

PHSP Private Health Services Plan NeoPlanPlus | How It Works

http://www.neoplanplus.com/PHSP_HOW_IT_WORKS.html

HOW DOES IT WORK. How Does It Work. PHSP for Incorporated Business (Inc., Ltd., Professional, etc.). Contribution and reimbursement limit for incorporated business with PHSP virtually does not exist. You can set up the PHSP to cover up to 100% of medical expenses virtually with unlimited ceiling. For example:. PHSP for Non-Incorporated Business (Self-Employed, Sole Proprietorship, Partnership). PHSP for Self-employed individual. 1,500 for you. 1,500 for your spouse (or common-law partner). Rule of thumb ...

5

PHSP Private Health Services Plan NeoPlanPlus | What Is Covered

http://www.neoplanplus.com/PHSP_WHAT_IS_COVERED.html

HOW DOES IT WORK. Medical expenses example coverage list compiled form various sources. Expenses eligible for reimbursement could be found in various CRA technical interpretations, Interpretation Bulletins and in the Section 118.2 of the Income Tax Act of Canada. Our adjudication consultants thoroughly verify if claim is eligible. For the purposes of the medical expense tax credit (METC), eligible medical expenses include, but are not limited to the following list. Prescription Drugs and medicines. Which...

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PHSP Private Health Services Plan Administration NeoPlanPlus | About

HOW DOES IT WORK. PHSP How to reduce tax burden on health spending for entrepreneurs. In essence, PHSP tax deductions can go up to 100% for small incorporated businesses. Take a look at the following article on business news section of CBC website featuring PHSP and all benefits that comes with it. Http:/ www.cbc.ca/news/business/smallbusiness/story/2011/09/16/f-smallbiz-phsp.html. Having Neo Plan Plus PHSP in place will give you quite a few benefits. Some of them are:. Worry free claims control process.

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