A Healthcare Spending Account (HSA) is an alternative to a traditional group insurance plan for both incorporated and non-incorporated business owners.
An HSA provides a flexible cost-effective way to provide health and dental benefits for you and your family as well as your employees.
Product Attributes
- Contributions the business makes to the HSA are tax-deductible.
- There is no contribution limit to a HSA for employees of a corporation. *
- There are no tax implications for employees (i.e., employees are reimbursed for eligible expenses tax-free).
- No monthly premiums or annual fees.
Click here to apply for a Healthcare Spending Account
*Canada Revenue Agency (CRA) states that these amounts should be reasonable. We recommend you consult your accountant regarding the tax implications of a HSA for you and your business.
