Ca Tax Costs

							                    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


 Businesses can reimburse an employee
  for reasonable health care expenses
    which are tax-deductible to the
 business and are non-taxable benefits
            to the employee.

www.medicaltax.ca
                    Private Health Services Plan




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



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                    Private Health Services Plan

 The employer pays for the employee's
 health care expenses and deducts this
   expense as an operating cost of the
  business AND the employee receives
  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
     The size of your business does not matter



     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.
    Please see website for examples.


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.




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  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
                    administrator for Canadian corporations,
                    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