BizHealth

Welcome to our blog - you'll find all things related to benefits, tax, business and health!

We have made some enhancements to HealthPlus!

07/11/2018

New features include: Pro-rated annual limit Carry-forward on annual limits Annual maximums are now hard limits Auto-approval Emailing receipts to your Dashboard These new features can be set up when adding a new employee or you can edit existing employees: Already using HealthPlus: Click here to login to make changes to your preferences to start […]


What Is A Health Spending Account (HSA)?

27/08/2018

The Best Health Benefits Plan You’ve Only Just Heard Of   A Health Spending Account (HSA) with HealthPlus is a great new alternative to traditional employee health insurance. HSA’s allow companies of all sizes the ability to cover themselves, their employees and dependents for the expenses they need rather than incurring monthly premiums. HSA’s are […]


Cannabis Coverage & Your Company Health Plan

14/08/2018

Medical cannabis has been legal in Canada since 2001 and insurance companies have been slow to adopt cannabis coverage. HealthPlus Plan provides your workplace with the coverage you need – cannabis included.  Cannabis: A Medicine Through The Ages Cannabis has been used as a means to treat a widespread array of medical issues for thousands […]


Tax changes for Small Business Owners – 2018 Budget continues the assault on small business owners

02/04/2018

Written by Andrew Noseworthy April 4, 2018 Vice-President CAPCORP Financial   Finance Minister Morneau’s 2018 budget continued the string of punitive tax measures aimed at small business owners. While many commentators opined that it wasn’t “as bad as expected”, it still represents more taxation.    With all of the rumoured changes, proposed changes and revised changes, […]


Why choose HealthPlus over other HSA’s?

16/02/2018

A Health Spending Account (HSA) is a tool that allows you to pay for 100% of your medical expenses through your business before tax as opposed to paying for them personally with after taxed dollars.  This product is an excellent alternative that many business owners have adopted as their choice for paying for employee medical […]


How a Health Spending Account will save your business money

22/11/2017

I want to share a conversation that I had with a friend of mine, who for the sake of this article we’ll name Suzanne. Suzanne is a business owner who founded and successfully runs her own company in Kanata. She has been looking for more ways to be effective with her cash flow and tax […]


How to use life insurance to protect your small business

01/08/2017

By Matthew Chiang Advisor,  CAPCORP Financial For a small business, the passing of an owner or key employee can threaten the organization’s very existence. Life insurance can help small businesses guard against the impact of unexpected tragedies, through mechanisms such as Split Dollar Arrangements, Key Person Insurance, Funding Capital Gains Tax on a Business at […]


Stop paying for your medical and dental expenses personally.

22/06/2017

Use HealthPlus and make them a business expense! As a business owner the cost of health and dental coverage can be costly and these expenses can add up quickly. Consider new glasses, contact lenses or even Lasik surgery for your eyes. Throw in some braces for your kids, and before you know it you’ve accumulated over $5000.00 of receipts. […]


What types of health and dental expenses are covered under HealthPlus

10/05/2017

HealthPlus is a Private Health Services Plan. Used by thousands of small business owners across Canada, a PHSP enables the business to deduct 100% of the family’s health and dental expenses incurred by themselves and their employees as a business expense.


Gluten-free products is an eligible HealthPlus expense!

17/04/2017

If you or your eligible dependent(s) suffer from celiac disease (gluten intolerance) you are entitled to claim the incremental cost associated with the gluten-free purchases as an eligible HealthPlus medical expense.