12 Mar Insurance Jargon, Decoded: Health Spending Account or Private Health Services Plan
A Health Spending Account (HSA) is a Canada Revenue Agency approved method to provide medical, dental and vision benefits tax efficiently.
Ideal for incorporated business owners, you only need one person, and you only pay for what you use.
Claims are 100% tax deductible to your business, and you can take claim amounts out of your company tax-free. With no set-up fee or ongoing fees, a health spending account could be an ideal way to save on taxes.
We would be happy to chat with you about our myHSA health spending account. Our clients love how easy it is to use!
Please contact us to set up your account or to learn more