Health Spending Account CRA | Olympia Benefits Blog

Blog Articles by Alden Hui

What are chiropractor prices in Canada?

Chiropractors specialize in the manipulation of joints and alignment of the spine to improve the functionality of the nervous and musculoskeletal system. By utilizing unique tools or simply their hands, they can target pains in the head, neck, back, hip, and more. Chiropractor prices in Canada can...

October 1, 2021

What is the Cost of Wisdom Teeth Removal in Canada?

Wisdom teeth removal is a common practice in North America. But contrary to popular belief, you don’t always have to get them removed when they are growing in. The primary...

What is a Tax Free Savings Account (TFSA) and how does it work?

In Canada, a Tax Free Savings Account (TFSA) is a quintessential way to grow your savings and investments tax-free. If you are wondering how to use a TFSA, how to open a...

What is a Personal Spending Account (PSA) and how does it work?

With a recent shift in workforce dynamics, employees are looking for greater choice and flexibility. The introduction of personal spending accounts offers a solution to this...

How does Olympia Benefits work?

Olympia Benefits is a leading provider of Health Spending Accounts in Canada. We provide HSAs to over 57,000 businesses across the country. Our plans are easy to use because...

What is a defined contribution health plan?

There are many types of defined contribution plans. However, one form of defined contribution plan that is often overlooked is for healthcare. In defined contribution health...

what is extended health care coverage and do i need it

What is extended health care coverage and do you need it?

Extended health care covers expenses beyond the reach of provincial health plans. For example, prescription drugs, vision, dental, professional services, medical equipment,...

2 Things to know about Health Spending Accounts in Ontario

In the past, Health Spending Account claims were exempt from taxes. This still holds true for most provincial governments. Unfortunately, Ontario applies unique provincial...

How does self-funded health insurance work?

Instead of paying a third party provider for full coverage (managing and reimbursing claims), a company can self-fund their health insurance by paying for only the...

What is the cost of Physiotherapy in Canada?

It's no surprise that physiotherapy plays an important role in retaining and improving our everyday wellbeing. However, it doesn't come cheap. With so many different...

What are eligible expenses in a health care spending account?

Health care spending accounts (HCSAs) are a versatile tool for small business owners. While following the guidelines set forth by CRA, they cover a wide variety of expenses...