Featured Article Health Spending Accounts: A Tax-Free Solution Every year, Health Spending Accounts (HSA) save small business owners thousands of dollars when paying for their health and dental expenses. The HSA is a tax-free benefit that can be used to pay for a wide range of eligible expenses, over and above regular benefit plans. Our HSA's are administered... September 19, 2024
Alternatives to Individual Health Insurance for Entrepreneurs Did you know that over 70% of small business owners in Canada don't have a group benefits plan? That's right, it seems like we're all just winging it when it comes to... Read more
Is Massage Therapy Tax Deductible in Canada? Massage therapy as an eligible medical expense on your tax return varies by province. If eligible, the expense is calculated through the Medical Expense Tax Return (METC),... Read more
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... Read more
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... Read more
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... Read more
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... Read more
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... Read more
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... Read more
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,... Read more
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... Read more
