Health Spending Account (HSA)

 … the Best Kept Secret in Canada’s Income Tax Act!

A Health Spending Account (HSA) is a CRA approved way for self-employed individuals and business owners to pay for medical, dental and vision expenses through the company.  There is no cost to sign up for HSA

• 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!

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 (CRA) as tax deductible for the year in which they are contributed. 

http://www.cra-arc.gc.ca/tx/tchncl/ncmtx/fls/s1/f1/s1-f1-c1-eng.html

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

Click here to sign up for HSA

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 (click here for pdf with details)

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

Dental Medical Vision coverage made easy: (click here for pdf brochure)