Cost-effective Health and Dental Benefits

Incorporated Employers

Health and Dental plans are available to "bona fide" employees of corporations, who earn a salary, starting with as few as one employee. If the employee is also a shareholder, then benefits and maximums must be "reasonable", and not based on dividend income.

note: this is a Canada Revenue Agency requirement.


Non-Incorporated Employers

Health and Dental plans are available to "bona fide" employees of a non-incorporated businesses, who are "arms-length" employees. An actively employed owner can participate if benefits and maximums arranged are the same as those of the "arms-length" employees.

note: this is a Canada Revenue Agency requirement.


Carry-forward of Benefits

CRA allows only one (of two available) options to carry-forward benefits:

  • carry-forward of remaining deposits, for up to 12 months only, or
  • carry-forward of eligible expenses, for up to 12 months only.

note: Assureflex uses the second option, as it's usually most advantageous.