Health Spending Account (HSA) Wallet

HSA Wallet

Flexible, pay-as-you-go health benefits for Canadian businesses. No upfront funding or deposit required. Start your plan today as a Plan Administrator.

7 % per claim + $50 one-time setup fee per organization
  • No Upfront Funding Required
  • 100+ Eligible Health Expenses
  • Health Claim Adjudication
  • 2–4 Business Day Reimbursements
  • Automated PAD Billing

    Save time with hassle-free administration. Claim amounts, the 7% administration fee, and applicable taxes are automatically withdrawn from your business bank account through Pre-Authorized Debit (PAD) — no manual invoice payments required.

  • Health Spending Reports
  • Secure Data Encryption
  • In-App Support
Set up an HSA Plan

Plus applicable taxes based on province. Ontario residents are subject to additional provincial taxes. See tax details below.

HSA plans cannot be backdated under CRA rules. Coverage begins on your plan start date and applies only to eligible expenses incurred on or after that date.

The HSA Wallet is currently available across Canada except Québec.

HSA Wallet — Growth

For Canadian businesses with more than 30 employees or projected annual HSA spending over $100,000.

  • Everything in the HSA Wallet
  • Dedicated Account Support
  • Volume-based Pricing
  • Plan Administrator Training
Talk to Sales
How HSA Taxes Work Across Canada

Taxes on HSAs

Taxes are calculated, collected, and remitted based on the employee’s province of residence.

5% GST is charged on the admin fee.

Example: $100 claim → $7 admin → $0.35 GST → $107.35 total

15% HST is charged on the admin fee.

Example: $100 claim → $7 admin → $1.05 HST → $108.05 total

14% HST is charged on the admin fee.

Example: $100 claim → $7 admin → $0.98 HST → $107.98 total

2% PPT is charged on the claim + admin.
8% RST is charged on the claim.
13% HST is charged on the admin fee.

Example:
$100 claim → $7 admin → $2.14 PPT → $8.00 RST → $0.91 HST → $118.05 total

Coastal HSA does not currently offer HSAs in Québec. 

HSA Cost Calculator

Estimate total employer cost including admin fees and taxes
Claims $0.00
Admin Fee (7%) $0.00
GST/HST $0.00
Total Cost: $0.00
Effective Cost: 0% on top of claims

Want to understand how HSAs work?

Learn about HSA eligibility, eligible expenses, allocations, claim deadlines, and other plan rules.

View HSA Plan Guidelines

How to Setup Your HSA

Set up your HSA in minutes and start offering flexible benefits today.

01

Create an Account

Use your work email to create a Plan Admin account.

02

Build the Plan

Add employees and assign an annual HSA amount to each employee.

03

Activate the Plan

Complete your PAD agreement and pay the $50 one-time setup fee.

04

Employee Login

We send employees a welcome email with a link to access their HSA.