Eligibility:
If you operate a business, are self employed* or an independent contractor*, you are eligible. The business must be your main source of revenue as an individual is not able to create a company for the sole purpose of a health and welfare trust. There are no minimums or maximum size requirements.
Fees:
- One time set-up fee of $250 payable to HUB Financial Inc
- There are NO per employee charges at set up
- 10% administration fee for each claim submitted to HUB Financial Inc plus applicable taxes depending on province of residence
- For example, for a $1,000 dental bill, HUB will charge a $100 processing fee
Taxes:
Ontario
- HST of 13% required on the 10% administration fee
- PST of 8% required on claim amount
- Premium tax of 2% on claim amount and administration fee
British Columbia
- HST of 12% required on the administration fee
Alberta, Manitoba, and Saskatchewan
- GST of 5% required on the 10% administration fee
Atlantic provinces
- HST of 13% required on 10% administration fee