Monday, August 21, 2017
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How this program helps you

The PHSP, administered by Serre Financial, is a tax-effective way to reimburse yourself and/or employees for Health Expenses through a Business Deduction.

This is not an Insurance Program

  • No Monthly/Annual Premiums
  • No Deductible
  • No Age Restrictions
  • No Medical Requirements

Who's Covered?

  • Sole Propreitor
  • Partnership
  • T4'd Employees of Incorporated Business (including directors)
  • All Dependant Family Members & Spouses

When Can I Start?

  • Effective Dates for Incorporated Businesses can align with fiscal year or be based on time of set up
  • Self Employed individuals will be effective based on the current calendar year (January 1)

Incorporated Business

  • Annual limit determined by Plan Sponsor
  • Can be used to "top-up" for existing group coverage or as a stand-alone benefit plan

Self Employed Individual

  • Annual limits determined by CRA
  • $1,500 per Adult per year, $750 per Child per year
    example: Family Unit of 4 = $4,500 ($1,500 each for owner & spouse, $750 for each child)
  • Total amount for family can be utilized as needed

Cost Effective

One-time set up fee as low as $300* for up to 5 employee participants - $22.50* for each additional employee added 10%* administration fee added to each claim submitted.

If you don't submit a claim into the PHSP, you don't pay into the PHSP

What happens to unused benefit dollars?

Incorporated businesses: have the option to carry forward any unused benefit dollars for 1 year, or** any expenses that go over the annual limit

Self Employed Individuals: have a "use it or lose it" policy; neither expenses nor credits can be carried forward.

For more information, call 1.866.996.7477
Ask to speak to a member of our PHSP team
or email

*plus applicable taxes
**to be determined at plan set up

Unit B2
1150 Waverley Street
Winnipeg, Manitoba
R3T 0P4
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