Health Spending Accounts
Health Spending accounts
A Health Spending Account is an alternative to traditional health insurance plans or benefits. These accounts are used by thousands of small business owners across Canada.
A wide range of health-related expenses, over and above regular health insurance & benefit plans can be claimed (i.e any item or service allowed under the Income Tax Act of Canada as a medical expense )
A perfect example would be a crown or bridge, dental procedures help you chew or smile better, could be claimed under a Health Spending Account.
This special account is opened on your behalf to pay for health care services you, your dependents (spouse,children) and/ or your employee’s would use such as massage, eye glasses or contacts, chiropractor and much more
Easy to open, as a Business owner you will appreciate the Tax Saving Advantages of using your Health Spending Account.