Owner Enrollment

I agree to the terms and conditions below.

In compliance with Subsection 248(1) of the Income Tax Act, navancorp will establish a "cost plus" Private Health Services Plan (PHSP) with the Company (Plan Owner) identified below. navancorp will reimburse the Covered Employees (Plan Members) of the Plan Owner for all eligible medical and/or dental expenses for the agreed upon administration fee. By submitting this form, the Administration Officer attests that they have sought advice from their accounting/tax professional.

The navancorp PHSP applies to all eligible medical expenses as specified in Subsection 118.2(2) of the Canada Income Tax Act. These are outlined in Canada Revenue Agency (CRA) Interpretation Bulletin S1-F1-C1 (Medical Expense Tax Credit).

The navancorp PHSP provides coverage to all Plan Members as specified by the Plan Owner. The term Plan Member includes the Employee, the Employee’s spouse or any member of the Employee's household with whom the Employee is connected by blood relationship, marriage or adoption. There is no limitation by age. The Plan Member will be eligible for coverage from the effective date of the plan. All employees of the corporation must be afforded some degree of coverage.

1. The medical expenses are eligible as per current CRA guidelines;
2. The Plan Member is eligible as per the navancorp enrollment process;
3. The maximum benefit level and dates set by the Plan Owner are not exceeded; and
4. The claim form has been properly completed, the corresponding payment plus administration fees and applicable receipts are included.

Upon completion of the claim adjudication, navancorp will issue a reimbursement for the cost of all eligible expenses to the Plan Member.

At the end of the corporations's fiscal year, navancorp will issue (at no charge) an annual report to the Plan Owner to allow the business to claim the cost of enrollment, medical expenses, administration fees and applicable taxes per transaction on their corporate income tax filing.