Marguerite Osei-Bonsu

Employers must ensure PHSP claim approvals meet CRA rules to avoid audit exposure.

Proper documentation of employment status determines whether PHSP contributions are deductible.

Receipts must show five key fields or CRA denies the deduction.

Insured and self-insured plans follow different deduction timing rules at year-end.

Qualifying PHSP status eliminates CPP and EI withholding on medical benefits.

Misclassifying a plan as a PHSP creates downstream reporting errors on every required form.

CRA requires five specific insurance elements in PHSP plan documents.

How five EFT stages move Canadian HSA claims from receipt to bank account.

A PHSP deducts from dollar one; the METC only kicks in above a threshold.