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Tuesday, February 1, 2011. Be smart about your money. As a business owner, you have to look out for yourself. Theres no calling in sick and still getting paid. So when you do face medical expenses, take advantage of a little known Canadian tax break. Lets say you have family with annual medical expenses of 5000. As a business owner you need to earn approximately 7100 to net 5000 to pay for these expenses. Your business reimburses you personally for the medical expenses of 5000 as a tax free benefit.CONTENT
This web page ebenefits.blogspot.com states the following, "Tuesday, February 1, 2011." We saw that the webpage said " Be smart about your money." It also said " As a business owner, you have to look out for yourself. Theres no calling in sick and still getting paid. So when you do face medical expenses, take advantage of a little known Canadian tax break. Lets say you have family with annual medical expenses of 5000. As a business owner you need to earn approximately 7100 to net 5000 to pay for these expenses. Your business reimburses you personally for the medical expenses of 5000 as a tax free benefit."