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Health and Welfare Trusts

WebHealth benefits for employees are normally provided through an insurance company. However, a viable option may be a trust arrangement called a health and …

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URL: https://www.bakertilly.ca/en/btc/publications/health-and-welfare-trusts

Importance of Employee Benefits Plans

WebThey attract top talent and minimize the cost of employee turn-over by giving employees access to comprehensive coverage at reduced group rates with no medical …

Category: Medical Go Health

Employee mental health: How and why to build support

WebInterestingly, children’s health and safety advocate Charlene Renaud connects the mental health of children to their parent’s workplace performance. Citing a 2019 Canadian …

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Employee Life and Health Trusts

WebEmployee Life and Health Trusts. In February 2010, the Federal Government introduced legislation to formalize the rules for Employee Life and Health Trusts …

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Medical Expense Tax Credit and Alternative Medicine

WebA "medical practitioner" generally is a person who is authorized to practice medical or dental services pursuant to the laws of the jurisdiction in which the services …

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Obamacare in Canada Baker Tilly Canada Chartered Professional

WebThe taxes were implemented in 2013, the minimum health care coverage for individuals is required for 2014, and employers are required to comply with these new …

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The evolution of GST/HST and orthodontists

WebVirtually all health and dental care services fall under the tax-exempt category. The tax-exempt status allowed medical practitioners to provide services to their patients …

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Deductibility of Cosmetic Procedures

WebWith the changes implemented in the 2010 Federal Budget and the introduction of the Harmonized Sales Tax (HST) in Ontario, medical professionals and their patients will …

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Taxable benefits and the GST/HST

WebCalculation of tax. The GST/HST deemed to have been collected by the registrant employer is calculated based on the value of the benefit for GST/HST …

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Employee Life and Health Trusts

WebBaker Tilly Canada’s independent firms provide value-added audit, tax and advisory solutions through established local expertise and global reach.

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Employer Health Tax, the replacement for B.C.‘s MSP

WebRecently the BC government released additional information pertaining to the upcoming Employer Health Tax (“EHT”), which will be replacing MSP in B.C. What’s …

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2024: Year of the trust Baker Tilly Canada Chartered Professional

WebNew trust reporting rules, effective Jan. 1, 2024, introduce several significant changes aimed at increasing transparency and compliance in the management of trusts. …

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COVID-19 business guidance: EHT and WSIB

WebThe B.C. provincial government announced that employer health tax returns and final payments due for the 2019 calendar year has been extended to September 30, 2020. …

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2023 Federal Budget Commentary

WebBudget 2023 proposes to introduce a new exception to extend the repayment period from 1 to 15 years for amounts loaned to the EOT from a qualifying business to purchase …

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2022 Manitoba provincial budget tax highlights

WebHealth and Post-Secondary Education Tax Levy. Effective January 1, 2023, the Health and Post-Secondary Education Tax Levy, which is imposed on wages paid …

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WSIB: Mandatory Coverage in the Construction Industry

WebThese changes have been made partly to improve health and safety, level the playing field and help combat the underground economy in the construction sector. …

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2023 Manitoba budget tax highlights

WebHealth and Post‑Secondary Education Tax Levy (HE Levy) Effective Jan. 1, 2024, the HE Levy, imposed on wages paid (i.e., payroll tax) by employers with a …

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Do you have workers on your farm

WebThe act is enforced by Health and Safety Inspectors at the Ministry of Labour; their role is to inspect the workplace to ensure compliance and investigate …

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Life insurance policies and your corporation

WebThe FMV of a life insurance policy is difficult to determine as it is based on a number of factors, including the health of the insured, the number of years the policy has …

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