Health Spending Account
 

 ... the Best Kept Secret in Canada's Income Tax Act!

A Health Spending Account (HSA) is an account for self-employed individuals to use  exclusively on medical and dental expenses. 

  • Converts those expenses into 100% business deductions
  • You determine the contribution amount 
  • You determine how to spend your benefit dollars 

It's Your Money ... It's Your Choice.
Spend Your HSA Dollars On Any Of The Following And Much, Much More! 

Acupuncture*Botox Injections Birth Control Pills*Chiropodist
ChiropractorContact Lenses*Contraceptive Devises*Cosmetic Surgery
Crown & BridgeworkCrutchesDental ImplantsDental Treatments 
Dental WhiteningDentures Dermatologist Drug Addiction Therapy  
Drugs (prescribed)*Eyeglasses Fertility TreatmentsHair Replacement 
Hearing AidsLaser Eye SurgeryNursing HomesOphthalmologist  
Optical CentresOpticianOptometristOrthodontics
Orthopedic ShoesOxygenPhysiotherapistPsychoanalyst
PodiatristReg'd Massage TherapySkin Care*Therapy Equipment
Vein RemovalViagra*Vitamins*Wheelchair
X-rays   

  * certain restrictions apply

An HSA is a uniquely designed trust account, established to pay for your family's health care costs. All deposits are recognized by Revenue Canada (CCRA) as 100% tax deductible for the year in which they are contributed - even if the money is not spent that year.

If you are already spending the money, why not make it tax deductible?

You are covered for all traditional health care costs, like dental, prescription drugs and vision care.  The HSA also extends to cover the rest of your costs: family orthodontic, cosmetic and restorative dental, laser eye surgery, cosmetic surgery and even long term care costs for elderly dependents.

What if, due to accident or illness, you need more coverage than your HSA contributions? You can purchase additional HSA Insurance.

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