Health Benefits

Health spending accounts are self-insured health plans arranged by employers for employees residing in Canada. They provide a way that small business can provide tax-free health and dental benefits to their employees (and family members). A valid plan must conform to rules set out in the income tax act. Incorporated businesses, including shareholder employees and all other corporate employees are eligible to participate in a HSA. The health spending account plan cannot be solely for shareholders unless the shareholders are also employees and earning T4 income. In the case of unincorporated businesses or sole proprietors, the owner and the employees are also eligible if the owner has at least one arms length employee. For more information please contact our office.