Health Spending Account CRA | Olympia Benefits Blog

Is Your Canadian Small Business Wasting Money on Medical Expenses?

Benefits and healthcare expenses are a factor in everybody’s budget, whether you add it in or not. For those of us with employers, we often take the coverage for granted. However, in each and every province, the truth is our “healthcare system” doesn’t cover everything, and when incurring medical...

June 28, 2016

The Secret to Making the Most of Your Healthcare Dollars in Canada

The Health Spending Account (or HSA) may be one of the best-kept secrets when it comes to tax-free breaks. These accounts were first introduced in 1986 by Canada Revenue...

Why Traditional Health and Dental Insurance Isn't Really Insurance

Updated: January 2020 Insurance protects you against the risk of the unknown. You don't even consider foregoing homeowner's or auto insurance. Similarly, if you are a farmer...

How a Health Spending Account Made The Difference For My Child

In 2015, an incorporated small business owner from Vancouver, BC discovered that his five-year-old son was diagnosed with Asperger's Syndrome. In a quest to assist his son...

The Health Plan That Big Insurance Doesn't Want You to Know About

Large providers of traditional health and dental insurance in Canada are very adept at marketing. In fact, they are so effective at developing and delivering targeted...

The Cost-Effective Health and Dental Insurance for Family Businesses

After starting a successful business, every entrepreneur begins to wonder about whether they can now afford health and dental coverage. They may have given up employer...

Discover What Millennials Expect from an Employee Benefits Plan

Millennials are the young professionals of today. In fact, more than one in three Canadian workers in 2016 is a millennial, ranging in age from 18 to 34. That means...

5 Ways to Create a Remarkable Brand for a Small Business in Canada

Everyone knows how important brand is. A brand is the bunch of ideas and feelings your customers – and your employees – have about you. The stronger and more positive those...

Key Insights for Small Business Marketing to Millennials in Canada

Millennials differ from other generations in several significant ways, making them a more challenging market to understand and target. Technology use is the most noticeable...

Avoid These Tax Mistakes Made by Canadian Small Business Owners

Failing to double check-claims and a lack of preparation during the year can lead to mistakes, which can result in higher and unnecessary tax fees. However, the potential for...

The Key to Understanding Your Small Business Product's Life Cycle

No product lasts forever. Do you know where your small business product is in its product life cycle? Are you introducing tomorrow’s product, today? Learn how to evaluate...