Employer sponsored health & dental plans are on the table in Canada for additional CRA tax revenue

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Employer sponsored health & dental plans are on the table in Canada for additional CRA tax revenue, and it is nickling/diming & hurting Albertans. Here is the letter to and response from my area MP. Consider writing your MP a letter to keep Canada from taxing insurance (a traditionally tax exempt product).

My email to, and Response from, my MP on this issue:
Hi Joanne,
Thank you for taking the time to email me personally about the potential changes to employer health care benefits. It`s so important to hear directly from you so I can advocate strongly on your behalf in Ottawa.
I agree that this is an unnecessary move by the government to further impact families already hurting during the downturn in our economy. Specifically, what appears to be an uniformed move by the Finance Minister to add revenue to his increasing deficit but one that will have a negative impact on the future of health and dental supports. This would therefore (as you indicate) have long term ramifications on the health and wellbeing of members of our community and further burdening the healthcare system.
I intend to ensure that the voice from our community is heard loud and clear so the Liberal government stops all movement toward this ill-advised decision! Thank you for sharing your concern and your voice towards making a change to the current plan.
Sincerely,
Matt
Matt Jeneroux, MP
Edmonton Riverbend

Sent: January 30, 2017 2:00 PM
To: Jeneroux, Matt – M.P.
Cc: Morneau, Bill – M.P.
Subject: Albertans are hurting, we don’t need taxable health & dental plans

I am writing to you in support of maintaining the tax-free status on employer-provided health care benefits, which helps keep Canadians in good physical and mental health.

As reported by National Post columnist, John Ivison on December 2nd, 2016, the government has identified health and dental benefit packages as possible source for additional revenue.

(Article found here: http://news.nationalpost.com/…/federal-liberals-eye-tax…)

Taxing health care benefits would cost employees hundreds or thousands of dollars each year, and result in fewer employers willing to offer these benefits. This decision would mean many lower income and middle class Canadians not being able to afford access to necessary and preventative care such as vision care, prescription drug, mental health services, nutrition counselling, dental care, occupational therapy and musculoskeletal care (physio, chiro, massage therapy).

In exchange for the foregone tax revenue, the tax-free status of these employee health plans increases access to preventative care and helps to save publicly funded healthcare systems by addressing and preventing health care issues early. Your department, Finance Canada, estimates that exempting employer provided health benefits results in $2.9 B in forgone tax revenue. However, that generates $22 B in additional health care benefits for Canadians.

These are services that keep Canadians and their families healthy and productive.

As you prepare for the 2017 Federal Budget, I ask you not to create a new tax on employer-sponsored health care plans which would put the health care of 22 million Canadians at risk.

Taxing these benefit plans will not simplify the tax code, bring more fairness to Canadians or help grow the middle class. It will download complexity onto Canadian employers and leave many Canadians and their families and dependents without the care they need.

Thank you,

________________________________
Joanne David CFP FCSI
www.JoanneDavid.com
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by Joanne David CFP FCSI Share 'Employer sponsored health & dental plans are on the table in Canada for additional CRA tax revenue' on Facebook Share 'Employer sponsored health & dental plans are on the table in Canada for additional CRA tax revenue' on LinkedIn Share 'Employer sponsored health & dental plans are on the table in Canada for additional CRA tax revenue' on Twitter Share 'Employer sponsored health & dental plans are on the table in Canada for additional CRA tax revenue' on Gmail Share 'Employer sponsored health & dental plans are on the table in Canada for additional CRA tax revenue' on Print Friendly by Joanne David CFP FCSI Certified Financial Planner
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