Health Spending Account CRA | Olympia Benefits Blog

Blog Articles by K. F.

Guidelines for setting up a Private Health Services Plan in Canada

As a small business owner in Canada looking for a cost efficient health and dental insurance plan, a Private Health Services Plan (PHSP) is a viable option. Thousands of self employed business owners have been using this plan to reduce the cost of their out of pocket medical expenses. Here are the...

July 31, 2015

5 Key Health Spending Account Tax Implications

Updated: June 28, 2018 A Health Spending Account (HSA) is a cost effective means for a small business owner to pay for personal medical expenses. When using a Health Spending...

Small business owner medical expense deductions in Canada

There are a multitude of small business owner medical expense deductions available by using a Health Spending Account or Private Health Services Plan. Here's a quick peek at...

Health Spending Account for small business in Canada [Key Terms]

A Health Spending Account is used by small business owners in Canada as an alternative to traditional health and dental insurance. Here's they key terms you should be...

A hidden and key tax deduction for Oil & Gas Contractors in Canada

Thousands of Canadians work in the energy sector as contractors. Contractors usually have more freedom, flexibility, and favorable fiscal conditions than employees. A key...

A small business tax plan in Canada that you've never heard of

Buried deep inside Canada's Income Tax Act and bulletins, there is a secret tax plan for small business owners . This tax free vehicle has been used by thousands of...

What Writers ought to know about Health Spending Accounts

Writers across Canada have been successfully using Health Spending Accounts for over two decades. Take advantage of one of Canada's best kept secrets for Writers.

Health Spending Account for a family business in Canada

Many small businesses in Canada are operated as an owner and spouse enterprise. In fact, about 55% of all Canadian businesses are 1-4 employees. For such a small company, it...

Get 3 Quick Facts on a Health Spending Account for Small Business

A Health Spending Account for small business is being used by tens of thousands of Canadian business owners across Canada. Here's what you need to know about Canada's best...

Travel Medical and Emergency Insurance for small businesses in Canada

Do you own a small business in Canada and travel for work or pleasure? Have you ever had an accident at home? Here's how to protect yourself, your family, and your business...

3 ways a small business owner pays for medical expenses [Infographic]

There are 3 options of health insurance benefits for small businesses. You can pick up an insurance plan, pay for medical bills on your own, or use a Health Spending Account....