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Plan 1

Health and Dental Benefits

Solutions Option 1 enables small business owners to use money from their Corporation on a Tax Free basis to pay for Employees Health and Dental expenses. In turn, these expenses are 100% tax deductible by the Corporation. There are no monthly premiums required.

HOW DOES SOLUTIONS WORK?

Below is an example of a $1,000.00 expense and actions required with Option 1. Instead of a monthly premium, Imax charges a flat 10% administration fee based on the total claim amount.

An example of a $2,000 health and dental expense and the subsequent steps involved with Plan ONE

WHAT WILL YOU SAVE?

Savings depend on your province of residence and your marginal tax rate. The following example assumes an $80,000.00 Net income in BC and a total of $1,000.00 in expenses.

The “No Plan” bar illustrates the total cost of expenses for the small business owner. The owner receives taxable income from their business and uses the after tax portion to pay for their Health and Dental expenses. In this example, the total cost of expenses is $1,808.32 or $1,000.00 for the Health and Dental expense and $808.32 for income tax.

The “Imax Solutions Plan” bar illustrates the total cost to the business owner of $1,100.00

The “Savings” bar illustrates the total savings to the business owner of $708.32

Click here to calculate your own savings.

Savings Example

WHAT TYPES OF EXPENSES ARE ELIGIBLE?

The Imax Solutions Health and Dental Plan does not restrict usage as Insured programs do.
Click here to view a detailed list.

HOW TO START YOUR SOLUTIONS PLAN?

First: Check off the 2 qualifying questions below.
Second: Provided you answered YES to all questions proceed with your enrollment.

Do you qualify for Solutions Option 1

Please answer Yes to both these questions before proceeding with your enrollment.

The business is incorporated and has 1 or more employees.
The employees receive a T4 income from the corporation.

Accountants often recommend the Imax Solutions Plan to their small business customers. Join thousand's of Plan Members already saving money using the Solutions Plan.

Get started now, click here to access our enrollment forms!

If you have any questions, please email us at imax@shaw.ca.




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