As reported on Wednesday from the House of Commons, Prime Minister Justin Trudeau says his government now has no plans to tax Canadians on employer-provided health and dental benefits, a declaration that came after mounting opposition to the move. This comes as welcome news given that a tax on health and dental benefits would have directly and negatively impacted all Canadians.
We know that private health and dental plans, largely funded by employers, have become a key component of Canada’s health care system and Canadians have come to depend on them to fill what are now large gaps in the public system.
We thank all those that participated in the “don’t tax my benefits” campaign. Having said that, we encourage everyone to stay informed as the government continues to look for new sources of revenue as they have been known to change their minds. We will continue to monitor and report any changes that may impact you or your employees with regards to employee benefit and retirement plans.