A Health Spending Account (HSA) provides a way for a business to pay for medical expenses using before tax dollars. Consider a health spending account a piggy bank for your drug, dental and extended health needs. Money deposited by your business can be used to cover all CRA approved eligible personal medical expenses. By using a 3rd party administrator such as “YourHSA” all contributions are 100% tax deductible ro your business and tax free to you as you make eligible expenses.
Contact us today for additional information and how an HSA can benefit you and your company.