Starting January 1st, 2018, prescription drugs will be free for Ontarians aged 24 and under. Ontario’s Youth Pharmacare, also known as OHIP+, is the first universal drug program of its kind in Canada. It represents a major step forward in providing health care savings for individuals, families, and employers alike.
Employee benefits are subject to provincial sales in both Ontario and Québec, at 8 and 9 percent respectively. These sales taxes only apply to coverage provided through group plans so, for example, term life insurance provided to just one individual is not subject to tax. These taxes are separate from the normal HST, GST or QST that apply in these provinces. These taxes apply to both employee and employer payments of premiums for the coverage or benefits supplied.