If you are a sole proprietor you are permitted to deduct specific amounts from your income depending on the number of dependents you have. Your deduction limits are as follows:
The total amount can be considered a total benefit per family, and can be used by one or all members of the family.
This program must be run on a calendar year basis and will be pro-rated if participation in the project begins in any month but January.
These entities must adhere to prescribed benefit maximums and, where they have staff, the staff must be eligible to enroll as well. Benefit maximums that the proprietor will enjoy, will be limited to the maximums that they allow their staff.
SABRE Insurance Group · 5025 Orbitor Dr. · Building 3 · Suite 300 · Mississauga, ON · L4W 4Y5
Tel: 905-206-0900 · Fax: 905-206-1600 · Tel (outside the GTA): 1-800-314-3346