… 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!
Crown & Bridgework
Laser Eye Surgery
Reg’d Massage Therapy
Birth Control Pills*
Drug Addiction Therapy
* 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.
Dental Medical Vision coverage made easy: click here (pdf)
Employee Handbook: click here (pdf)If you have any questions or we can be of help, click here to contact us : – Group Dental-Medical – Disability / Critical Illness – Life insurance / Mortgage – Key Person and /or Buy-Sell Funding – Family Benefits E&OE