Practitioner Liability Exposure in PHSP Advice and Documentation
Advisors must verify PHSP qualification to avoid professional negligence claims.
Renata Chow-Villanueva
Section
Audit Risk
6 stories in Audit Risk.
Common CRA Audit Triggers for Small Business PHSPs
Weak documentation and flawed plan structure are CRA's primary audit triggers.
Theo Abramowitz
Plan Document Retention Requirements for PHSP Compliance
Keep plan documents and claim records for six years to prove your PHSP qualifies.
Renata Chow-Villanueva
Documenting Arm's Length Employment Status for PHSP Purposes
Proper documentation of employment status determines whether PHSP contributions are deductible.
Marguerite Osei-Bonsu
Board Resolution and Plan Adoption Documentation for PHSPs
Written documentation must precede any claim to keep employee health benefits tax-free.
Renata Chow-Villanueva
CRA Receipt Standards for PHSP Medical Expense Claims
Receipts must show five key fields or CRA denies the deduction.
Marguerite Osei-Bonsu