Private Health Service Plans (PHSP) for Canadian Businesses
250.590.5747
Savings Calculator
Calculate Your Savings
Please enter your taxable income from all sources, your province of residence, and your estimated medical, dental, and vision care expenses the year. Then press the calculate your savings button to see how much money you could save with a Coast Mountain Benefits private health services plan.
British Columbia
$
$
With a PHSP
Without PHSP
Income required to pay medical/dental/vision care expenses
With a PHSP
Without PHSP
10% administration fee
With a PHSP
Without PHSP
Non-refundable medical expense tax credit
With a PHSP
Without PHSP
Total Cost medical/dental/vision care expenses
With a PHSP(B)
Without PHSP(A)
Total $ savings with a PHSP (A minus B)
With a PHSP
Without PHSP
Savings as a percentage of the original expenses
With a PHSP
Without PHSP
If this all seems complicated please contact us and we can explain how this Canada Revenue Agency initiative works.
