Health Spending Account (HSA).
For eligible businesses, a Health Spending Account can provide a tax-efficient way to fund qualifying health and dental expenses for employees and their families.
When structured to meet CRA requirements as a Private Health Services Plan, eligible medical and dental expenses paid through the plan can generally be a deductible business expense and are generally received by employees as a non-taxable benefit. Eligibility and tax treatment depend on the structure of the plan and the circumstances of the business.