For dentists with a professional corporation
Your patients' dentistry is your business. Your own family's health costs can be too.
A Private Health Services Plan lets your professional corporation pay for the care your family already gets: optical, orthodontics, physiotherapy, prescriptions, counselling, and the dental work you don't do yourself. Deductible to the corporation, tax-free to you, and you pay only when you claim.
- Reviewed by people, not an algorithm
- Your data is hosted in Canada
- 2FA on every login
- Administering PHSPs since 2016
You see what care costs, every day
You also know what it costs a family to pay for it with after-tax income. A PHSP moves those bills into the corporation, where they are deductible.
Group insurance is built for someone else
Category caps, premiums whether you claim or not, and a plan design that assumes forty employees. A PHSP has one line: the actual bill plus 10%.
Runs alongside your practice, not inside it
Nothing changes at the office. Your family's receipts go into the portal, a person reviews them, and the corporation reimburses you.
A worked example
A dentist with a spouse and a teenager in braces
$8,000 in a year on orthodontics, glasses, physiotherapy and a course of counselling. Marginal rate 48%, corporate rate 11%.
Paid personally
$15,385
earned before tax to have $8,000 left for the bills. $7,385 of it goes to income tax first.
Paid through the plan
$8,840
the bills, our 10% fee ($800) and GST on the fee ($40), paid by the corporation and deducted. You receive $8,000 tax-free.
Kept, every year
$7,517
between you and the corporation, after our fee: the personal tax skipped, plus the corporate deduction.
Dental professional corporations usually make GST-exempt supplies and cannot claim the GST on our fee back, so the example treats it as a cost. It is still a business expense. An illustration, not tax advice; your salary and dividend mix, province and other credits change the exact figures.
Your numbers
What would it save you?
Three quick questions. Nothing you enter is stored.
Dental, glasses, prescriptions, orthodontics, physiotherapy, and more, for your whole family.
$8,000
2. How much tax do you pay on your last dollar earned?
Your “marginal rate”: combined federal + provincial, approximate; it varies a little by province. Just pick the income closest to what you pay yourself, or use the slider.
3. What income tax rate does your corporation pay?
Combined federal + provincial. Most owner-managed corporations pay the small business rate on active income, roughly 9–12%, depending on province.
Your estimated tax savings
$5,926
kept between you and your corporation, every year you claim, after our fee.
Where those savings come from
Today, without a plan
You pay personally
To put $8,000 in your pocket for the bills, your corporation pays you $13,793, because at your 42% rate, $5,793 goes to income tax first.
$13,793 total
With a Medallion PHSP
Your corporation pays directly
The same $8,000 of bills is paid by your corporation, plus our 10% fee ($800) and GST on the fee. You're reimbursed the full $8,000: no income tax, because it isn't income. A PHSP reimbursement is designed to be a tax-free benefit under CRA's rules.
$8,840 total (bills + $840 fee & GST)
And the corporation's books
The whole thing is a deductible business expense
The $8,000 of bills plus our $800 fee is fully deductible against your corporation's income, and so is the GST on the fee. At your 11% corporate rate, delivering $8,000 of health care ends up costing the corporation just $7,868 after tax, money that was never taxed in your hands either.
| Corporation pays out (bills + fee + GST) | $8,840 |
| Income tax saved on the $8,840 deduction (11%) | −$972 |
| GST recovered as an input tax credit | −$0 |
| Net after-tax cost to the corporation | $7,868 |
Many medical and dental professional corporations make GST-exempt supplies and can't claim the credit; untick the box and the GST on the fee is treated as a cost instead (still deductible). Your accountant will know.
Common questions
Can the plan pay for dental work done in my own practice?
Ask us before you claim it. A receipt from your own corporation for your own care raises questions we would rather answer in advance than at review, and the answer depends on how the work was billed. Work done by another dentist, an orthodontist or a specialist is straightforward.
Is this insurance?
No. There are no premiums, no renewals and no medical questions. Your corporation pays the actual bills through the plan, plus our fee, and the reimbursement to you is tax-free. You pay only when you use it.
What does it cost?
A flat $375 set-up fee per plan, waived when you apply with a referral code. After that, each claim costs the expense plus a 10% administration fee, plus GST on the fee. There is no minimum claim and no annual charge.
What can I claim?
Anything on CRA's medical expense list: dental, orthodontics, glasses and contacts, prescriptions, physiotherapy, psychology, massage therapy with a registered practitioner, and much more, for you, your spouse and your dependent children. The default limit is $15,000 per employee per year, with unused room carried forward twelve months.
How fast is a claim paid?
You upload the receipt in the portal, a person at Medallion reviews it, your corporation is debited, and the reimbursement goes to your personal account by EFT. Claims are reviewed by people, not an algorithm, and if anything is unclear we email you directly.
Ready when you are
The application takes about fifteen minutes online. Prefer to talk it through first? Book a call and a person will walk you through it.
- Reviewed by people, not an algorithm
- Your data is hosted in Canada
- 2FA on every login
- Administering PHSPs since 2016