Everything You Need to Know About a Health Spending Account CRA

Written by Small Business Magazine on October 15th, 2013. Posted in Cra health spending account, Health care savings account, Tax tips small business

Hsa plans

Did you know that 60 percent of employers in Canada fret over the quality of the health care plans their employees receive? That is the majority! But wait, Canada is supposed to have an excellent health care system, right? Why would so many companies worry about the quality of the coverage if the coverage is good no matter what?

It just is not that simple. Unfortunately, employees who do not receive small business group health insurance plans are subject to pay for quite a number of treatment options out of pocket. These include deductibles and co-pays, plus a whole host of other services not covered under traditional benefit plans. So employers, wanting to provide the best health benefits for small business work