For the past few weeks, there have been discussions that the Federal Government is considering adding Health & Dental benefits to the list of taxable items for individuals. This would result in a large tax burden to all group benefits plan participants and many will struggle to maintain current levels of quality care. This is a significant tax imposition to employees if implemented by the Federal Government. In addition, some employers may decide to scale back on their programs if the tax is implemented.
A number of associations have come together to address this issue and the OAC has offered to help in this regard.
A website has been set up through which members and their staff can have their say to prevent this tax proposal from happening. The site is www.donttaxmyhealthbenefits.ca and we encourage you to visit it today and share the link to reach as many people as possible.
The OAC will also be writing to the Minister of Finance about the issue and liaising with the noted group of associations as well.