Health And Welfare Trusts
Canada Revenue legislation allows incorporated business owners to fully tax-deduct 100% of their healthcare costs as a business expense. This can be accomplished through a tax advantaged vehicle called a ‘Health and Welfare Trust’. The CRA insists upon a 3rd party Trustee and Administrator to adjudicate for accuracy and to comply with Federal Laws.
WHO QUALIFIES? Anyone who owns an incorporated business of any size, and their employees and dependants. There is no health questionnaire or age limit.
WHAT’S COVERED? 100% of virtually all dental and medical expenses, including crowns, dental implants, periodontics, orthodontics, laser eye surgery, fertility treatments, nursing home care, prescription drugs, naturopathic and alternative treatments (such as massage therapy, acupuncture, physiotherapy, etc.) and much more.

WHAT’S THE COST? There are no premiums. There is a one-time only set-up fee of $250, and the additional cost is a 10% administrative fee (plus applicable taxes on the administrative fee which is 5% GST in BC) on your actual expenses.
For example: Healthcare Expenses = $1,000 + 10% (+ 5% GST) = $1,105
This $1,105 is fully tax deductible
The set-up fee is also tax deductible
Contact Us
Karen Mason is a Certified Financial Planner, a Chartered Life Underwriter and a Certified Health Insurance Specialist. She has been involved in Financial Services since 1983. Her background includes management roles such as trainer of financial advisors and development manager. She has worked extensively in the fields of tax and estate planning, retirement planning, business succession planning, farm transfer planning, charitable giving, life, disability, critical illness and long term care insurance.
Mason Financial
5715 Sooke Road
Sooke, BC, V9Z 0C4
Phone: 250-642-0776
Toll Free: 1-866-888-0557
Email: [email protected]
Web: MasonFinancial.net
Serving the communities of:
Sooke, Langford, Colwood, Metchosin, Victoria, Oak Bay, Royal Oak, Sidney, Brentwood Bay, Vancouver Island, British Columbia
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