Why choose us for a PHSP?
We are committed to helping you protect your health, welfare and corporate bottom line with top tier service and timely response.
Our commitment to you
navancorp offers a CRA approved PHSP for business owners, with full review of every claim for eligibility and compliance under current Canadian tax rules.
We provide a simple, tax-efficient plan for business owners and we will waive the enrolment fee entirely if you are moving from another PHSP provider.
We process all claims quickly, efficiently and accurately to ensure reimbursements are issued in a timely manner, typically in 5 business days. Direct deposit payments are available to all employees upon request.
We take your privacy seriously. We only collect the information that is required to administer your PHSP and process your claim. We never share any of your information with anybody without your informed consent. We dispose of any information that you provide us in a secured manner, on a timeline that is required by Canadian law and/or industry best practices.
We protect you and the integrity of your business by ensuring that all communications between us and you or your employees are professional, accurate and helpful.
Cost Saving Scenario #1
Incorporated business owner in Ontario with 5 people living in the household.
Income: $100,000 | Marginal Tax Rate: 43.41% | Medical Expenses: $15,000
Company without PHSP
Company with navancorp PHSP
Taxes on company withdrawal
Medical Tax Credit
$ 15, 000
Medical Expenses Paid
$ 11, 506
Remit to navancorp
navancorp reimburses individual
$ 15, 000
$ 17, 025
You work hard for your money.
If you operate a family business, have medical/dental expenses and earn T4 income, a navancorp PHSP is just plain smart.
We provide health, medical and dental benefits to small businesses across Canada, adhering to CRA guidelines and tax legislation.
We are here to help you. Any questions or comments? Send them along -- we would love to hear from you.