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Author: Sindy Billan

For sole proprietorships, unincorporated businesses and incorporated companies a Health & Welfare Trust is a CRA approved plan for business owners to deduct healthcare expenses for their employees. Private Health Services Plan (PHSP) fall under the guidelines of the Health & Welfare Trust.PHSP allows sole proprietorships and unincorporated business owners to deduct 100% of qualified […]

Insurance coverage is important for small business owners. One effective cost saving strategy is with loan insurance. It is common risk management practice for lending institutions to request disability and life insurance protection on loans and mortgages. Personal insurance is more favourable over creditor protection. We will examine the process, savings, risks and benefits: 1.Application […]