Health and welfare trust

A Health and welfare trust (HAWT) or Health and welfare plan (HAWP) is a tax-free vehicle for financing a corporation's healthcare costs for their employees. They were introduced in 1986 by Canada Revenue Agency (CRA) in their interpretation bulletin entitled IT-85R2.[1] Many companies offer this product to Canadian employers.

  1. ^ "Canada Revenue Agency/Agence du revenu du Canada". 27 November 2019.