What is a Health Care Spending Account?

It is a “private health services plan” (PHSP) defined under the Income Tax Act’s Interpretation Bulletin IT-339R2. Many employers find Health Care Spending Accounts (HCSA) a helpful tool in addressing the challenge of managing health and dental program costs while providing employees with a greater degree of benefits flexibility. To see how you might benefit from an HCSA, choose which business arrangement best describes who you are.

Choose Your Type of Business :

Self employed sole proprietor

Incorporated sole proprietor

Employer with employees

CANADA REVENUE AGENCY LINKS

IT -519R2 Medical Expense and
Disability Tax Credits and Attendant
Care Expense Deduction

http://www.cra-arc.gc.ca/E/pub/tp/
it519r2-consolid/it519r2-consolid-e.html

IT85R2 Health and Welfare
trusts for employees

http://www.cra-arc.gc.ca/E/
pub/tp/it85r2/it85r2-e.html

IT-339R2 Meaning of private health
services plan [1988 and subsequent
taxation years]

http://www.cra-arc.gc.ca/E
/pub/tp/it339r2/it339r2-e.html

IT502 Employee Benefit Plans and
Employee Trusts

http://www.cra-arc.gc.ca/E
/pub/tp/it502/it502-e.html

IT 529 Flexible Employee Benefit
Programs

http://www.cra-arc.gc.ca/E
/pub/tp/it529/it529-e.html

Gary White Insurance

Tel: (800) 433-5307 Bus. Cell: (416) 768-4279
Email: info@garywhiteinsurance.com