Reference guide
Lifestyle Spending Account(LSA)
An employer-funded taxable benefit wallet for wellness, fitness, learning, and lifestyle expenses that do not qualify under CRA Section 118.2. Common eligible LSA expenses include gym memberships, fitness equipment, streaming subscriptions, personal development courses, and travel. Because LSA reimbursements are not governed by the PHSP rules, they are taxable employment income and reported on the T4. Many employers offer both an HSA (tax-free) and an LSA (taxable) to provide comprehensive coverage.
← HSA & Benefits Glossary
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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
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