Tax-Deductible Expenses

Your Surgery Expense Can Be Tax Deductible

If you are an incorporated business owner, your eye surgery can be a legitimate tax-deductible business expense, as well as all other healthcare expenses for you and your family.

If you are eligible, 100% of your personal healthcare expenses may be tax deductible against your business income - which can provide significant tax benefits. This opportunity is possible by setting up your own health spending account (HSA). Your corporation can pay for all qualified healthcare expenses incurred by both you and your family. For owners of an active corporation, this is one way to legally transfer wealth out of the corporation tax-free. This approach generates considerably more savings than the alternative to claiming the medical expenses on your personal income tax return.

If you are interested in learning how an HSA can substantially reduce your taxes, please let us know the best time to receive a call from one of our benefits specialists by completing our contact form. If you qualify and decide this is a valuable option for you and your family, we can assist you with the very simple process of setting up an HSA.

If you are excited to get started now, call us at 604-664-8900.