fbpx

Healthcare Spending Accounts (HSA) for Individual Business Owners

If you own your own business and your family has medical and dental expenses, pay for those expenses in the most tax-effective way possible: with a Heath Care Spending Account (HSA).

HSA’s have the broadest definition of eligible expenses of any benefits plan in Canada and are reimbursed at 100%. This allows you to pay for the claims as fully deductible business expenses rather than out-of-pocket after-tax costs. As a business owner you want to make sure these expenses are paid using pre-tax dollars while protecting yourself and your family against the risk of catastrophic medical expenses.

100%
Reimbursed

Fully
deductable

Protects you and your family

Benefits of HSA's

Frequently Asked Questions

_Healthcare Spending Accounts (HSA) for Individual Business Owners_ - Services - DO Financial
As the business owner, you may choose to carry the balance forward, meaning excess funds simply roll over into the following year. However, if you still have unspent funds from year one at the end of year two, the remaining carry forward amount is returned to the company. With traditional insurance plans, unspent funds go into the pocket of the insurance company.

A HSA allows you to pay for your medical and dental expenses in the most tax effective way possible.

Quadrus Investment Services Ltd white - DO Financial

Quadrus, Quadrus Investment Services Ltd. and design are trademarks of Quadrus Investment Services Ltd. Used with permission.
The use of email is not a secure medium and personal information should be transmitted by more secure means.
Insurance products, including segregated fund policies, are offered through DO Financial, and Dave Otto offer mutual funds, referral arrangements, and GICs through Quadrus Investment Services Ltd.

Important information about mutual funds is found in the Fund Facts document. Please read this carefully before investing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Unit values and investment returns will fluctuate.
The information on this website is intended for residents of AB, ON only.
Click here to view legal, copyright and trademark information.