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New Tax on Health and Dental Plans under Consideration! Stay Informed

In his early December article in the National Post, John Ivison, reported that the Liberal government is  considering taxing employee health and dental benefits in a measure that would raise about $2.9 billion, according to sources. Read full article 

Dan Lauzon, a spokesman for Finance Minister Bill Morneau, said no decisions have been taken and that any moves would not be made in isolation. The employee-sponsored health care tax exemption is being scrutinized as part of a sweeping review of 150 tax credits worth about $100 billion a year in foregone federal revenue.

The articles continues and confirms that the Department of Finance has asked seven external experts to look at the tax system to ensure that it is as fair, efficient and simple as possible; no recommendations have been made public yet.

Any change to the Dental and Health plans tax exemption would affect each and every health and dental plan sponsors and their members.  

In effort to keep its members abreast on this important matter, the CPBI will be posting and highlighting new information, events on the topic will be announced soon.  

STAY INFORMED 

Andrew Coyne: If fairness is the goal, Liberals should tax health and dental plans. December 12, 2016  - National Post

Why free-marketers should support a new tax on health and dental plans — on one condition.  December 13, 2016 - Financial Post

Health Care Providers Urge Federal Government to Not Tax Health Benefit Plans.  December 21, 2016 

Don't tax my Benefits Campaign

Why would Ottawa even consider a tax that won’t increase revenue, but hurt middle-class Canadians? January 3, 2017 - Financial Post 

Should the feds tax employer-paid health-care benefits?
January 6, 2017 - Benefits Canada




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