www.promedent.ca The lowest fee PHSP on the market. Turn your health care costs into 100% tax deductible expenses for businesses and tax-free benefits to your employees. A PHSP saves you money on taxes. It is governed by the Income Tax Act in Canada and allows businesses to transform health care costs (dental and medical) into 100% tax write-offs and gives 100% tax-free reimbursements to the employees.