Reference guide
Health Spending Account(HSA)
A CRA-approved employer-funded Private Health Services Plan (PHSP) that reimburses employees for eligible medical expenses under CRA Section 118.2 on a tax-free basis. The employer sets an annual allocation, the employee submits receipts for qualifying expenses, and the administrator reimburses the employee - no premiums, no pooled risk, no insurer. Not a registered savings account: it is a reimbursement arrangement governed by CRA IT-339R2.
← HSA & Benefits Glossary
Walk it through with us
Walk through the three paths with us.
We'll look at your team size, ages, and current plan, then map you to the path that fits, and coordinate the insurance side with your broker (or refer one if you don't have one yet).
- 01Map your headcount and demographics
- 02Match to the right path (or combo)
- 03Loop in your broker, or refer one
- 04Wallet stack fully deployed in 4 days
Prefer the phone?
We’re Canadian, and we pick up.
- Plan-design walkthrough, no slide deck
- Works alongside your existing broker
- No card, no commitment to start
Talk to a Canadian sales specialist · 1.800.891.8093