# Ca Tax Costs

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Ca Tax Costs document sample

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```							                    Part of the Hillsboro Group of Companies

Tax Savings on Health Services Costs
www.medicaltax.ca
An employee incurs \$1000 in health care expenses. For her to be able
to pay her expenses, she would have to make pre-tax earnings of
\$1471. (She sits in the 32% tax bracket).
1600
However, with a Private
Health Services Plan       1400
provided by MedicalTAX                                         Savings = \$471
1200
inc., her expenses come
directly out of her pre-tax   1000
dollars making her personal    800
savings totalling \$370.
600

\$1471 - \$1000             400                               MedicalTAX
=                   200
Savings of \$471                                              No Plan
0
medical   gross income
expenses     required

www.medicaltax.ca
   Private Health Services Plan (PHSP) Administrator

   Assist small and large business owners and
employees in saving money on their health care
costs and expenses

   Medical expenses are taken out of PRE-TAX
dollars as opposed to AFTER-TAX dollars

www.medicaltax.ca
Private Health Services Plan

for reasonable health care expenses
which are tax-deductible to the
to the employee.

www.medicaltax.ca
Private Health Services Plan

The employee does not pay after-tax
dollars for health care expenses.

www.medicaltax.ca
Private Health Services Plan

The employer pays for the employee's
health care expenses and deducts this
expense as an operating cost of the
this benefit without any tax burden.

www.medicaltax.ca
MedicalTAX inc.'s Private Health Services Plan is executed in an easy three step process:

www.medicaltax.ca
An employee incurs \$1000 in health care expenses. For her to be able
to pay her expenses, she would have to make pre-tax earnings of
\$1471. (She sits in the 32% tax bracket).
1600
However, with a Private
Health Services Plan       1400
provided by MedicalTAX                                         Savings = \$471
1200
inc., her expenses come
directly out of her pre-tax   1000
dollars making her personal    800
savings totalling \$370.
600

\$1471 - \$1000             400                               MedicalTAX
=                   200
Savings of \$471                                              No Plan
0
medical   gross income
expenses     required

www.medicaltax.ca
 Dental Services
 Chiropractic Services
 Massage Therapy
 Medical Exams
 Optometry Services
 Physiotherapy
 MRI and CT scans
 Vision Costs

www.medicaltax.ca
Including professional corporations

No matter what income level or profession

www.medicaltax.ca
There are no health eligibility restrictions
and no background check is required

www.medicaltax.ca
Basic cost plan covering ALL qualified health care
expenses.

Cost-plus plan covering all qualified health care
expenses to a limit determined by the employer.

www.medicaltax.ca
Based on a split between the company covering a
percentage and the employee being responsible for the
residual balance.

www.medicaltax.ca
The employer pays into the cost-plus plan an agreed
amount on a monthly basis that is available to the
employee. This amount would be available up to the
amount or balance in the account designated to the
specific employee.

www.medicaltax.ca
The employer covers qualified health care expenses
for an employee 100% to the aggregate amount
agreed upon, then covers 70% of the next agreed upon
amount, then covers 50% of the next agreed upon
amount, and thereafter the employee is responsible for
100% of the health care expenses during a year

www.medicaltax.ca
The employer can set up the program that covers a
combination of all of the above for various employees
(groups) in the organization.

www.medicaltax.ca
The employer can design a program to meet the
desires of the employer and the various levels and
needs of the employees.

www.medicaltax.ca
A PHSP can be set up as stand alone medical coverage or
as a top-up PHSP to cover items NOT covered under
other medical insurance plans.

www.medicaltax.ca
\$190 for the employer and his family, and the first
employee and his family

\$145 for the second employee and his family

\$99 for each additional employee and his/her family

www.medicaltax.ca
Any additional employees and their families
added later to the employer's PHSP list will be
charged a setup fee of \$165.

 When the corporation informs MedicalTAX inc. of any
employee that is dropped from their PHSP there will be no
charge for the service.

www.medicaltax.ca
 There are no Annual or Monthly Fees

www.medicaltax.ca
Backed by a highly motivated team, MedicalTAX inc.
aims to be the top Private Health Services Plan
proprietorships, and partnerships, by always making
tax savings for the client their number one priority.

While maintaining genuine relationships with
clients and always striving to provide the lowest
cost, MedicalTAX inc. prides themselves on
successfully achieving the goals of both the
company and the applicant.

www.medicaltax.ca
www.medicaltax.ca

```
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