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Submission on draft legislation governing ELHTs

CALU provided further input to the Department of Finance, regarding draft legislation contained in the Budget Implementation Act 2021, governing Employee Life and Health Trusts (ELHTs). This submission, which was prepared by Kevin Wark, Tax Advisor, and Robert McCullagh, Secretary-Treasurer, on behalf of the Health and Welfare Trust (HWT) Task Force, seeks to clarify one interpretive issue, obtain indexing of the $2,500 PHSP limit in the future, and obtain another year extension from CRA for existing HWTs. View the submission

May 20, 2021|Categories: Advocacy, Submissions|

CALU submission on draft legislation governing ELHTs

In this submission CALU will comment specifically on modifications to the “25%/75%” test for key employees so it will be determined at the trust (plan) level; changes that permit up to $2,500 for funding the costs of private health services plans (PHSPs) for key employees and family members; and other matters relating to the provision of health and welfare benefits for employees of small businesses.

May 14, 2021|Categories: Advocacy, Submissions|




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