My HSA

Unlock Tax Savings with a Health Spending Account (HSA)

Transform Personal Medical Expenses into Corporate Tax Deductions

The HSA Advantage

Are you an incorporated business owner or professional? The Health Spending Account (HSA) is a CRA-approved strategy that allows you to convert your personal medical expenses into tax-deductible corporate expenses. 

How It Works

Example: Previously, to spend $5,000 on medical expenses like massages or dental work, you’d pay from your personal pocket. To net a $5,000 withdrawal from your corporation, it could cost you an additional $3,000 – $4,000 in taxes. With an HSA, this expense becomes a corporate deduction. In the example above, you could save $3,000 in taxes—that’s equivalent to a business class trip to Europe!

The Costs

Setting up an HSA is absolutely free. The only cost associated is a 10% claim processing fee, which is, in itself, tax deductible for your corporation.

 The Benefits

Tax Efficient: Deduct medical expenses at the corporate level – Cost Effective: Save thousands on your taxes every year- Flexible: Use it for a wide variety of medical expenses

We offer expert advice, seamless setup, and ongoing support for your Health Spending Account, ensuring that you maximize your tax savings and minimize your stress.

 Why Choose MyHSA for your company

Are you ready to save on your taxes and make the most of your corporate structure? Get started with your free HSA setup today! Set up take 5 to 10 minuets! Its easy, just click the link below.