Do you have a client that is an incorporated professional or a family business owner? The Olympia HSA is a proprietary and specialized product for this demographic that provides the most cost effective means to pay for personal health and dental expenses. It provides the ultimate family business tax break.
Here's what you need to know.
The Olympia Health Spending Account is an alternative to traditional health insurance. Used by over 55,000 small business owners across Canada, the Olympia HSA is a special account that is established to exclusively pay for healthcare services for a business owner and their dependants.
Does your client qualify for Olympia HSA?
Operates an incorporated business with no arm's length employees
Has medical expenses
Pays income tax
Your client qualifies for the Olympia HSA and it will save them money if they meet the criteria above.
1. Write off 100% of personal medical expenses
Convert out of pocket medical expenses into legitimate business deductions
Lower the cost of medical expenses and reduce taxes