A question we often hear is: “Can I claim health expenses that happened before my HSA was set up?” The short answer is: no, it’s not permitted by the CRA.
Health Spending Accounts: The Most Underused Tax Tool For Canadian Business Owners
Discover how Health Spending Accounts (HSAs) help Canadian business owners save on taxes while covering 100% of eligible health expenses.
Why Health Spending Accounts Are Overlooked — and Why More Businesses Are Switching
Health Spending Accounts (HSAs) are one of the most flexible and tax-efficient ways for Canadian businesses to provide health and dental benefits. Despite their advantages, HSAs are still overlooked by many business owners. Traditional group insurance plans remain the default — even though HSAs often provide more value, more flexibility, and better tax results. So […]
Do Health Spending Accounts Rollover in Canada?
Health Spending Accounts (HSAs) in Canada can roll over unused credits for up to 12 months under CRA rules. Let’s dive into the details!
Coastal HSA vs myHSA: Comparing Two Canadian Health Spending Account Providers
Two popular Canadian providers are Coastal HSA and myHSA. While both offer the same core HSA product, they differ in pricing, features, and how they work with clients.
Are Health Spending Accounts Taxable in Canada?
Health Spending Accounts (HSAs) are not taxable in Canada when set up under CRA rules. Employer contributions are tax-deductible, and employee reimbursements are received tax-free — making HSAs one of the most efficient ways to pay for health and dental expenses.
The Complete Guide to Health Spending Accounts (HSAs) for Canadian Small Business Owners
Learn how Health Spending Accounts (HSAs) help Canadian small business owners reduce taxes and offer flexible, affordable health benefits. Discover how HSAs work, what’s eligible, and how to set one up with Coastal HSA.
Health Spending Accounts In Canada: How To Stay CRA Compliant
Learn how to navigate CRA rules and compliance for Health Spending Accounts (HSAs) and discover how Coastal HSA ensures your business stays tax-efficient and compliant while providing flexible health benefits.
Coastal HSA Expands Into Ontario & Atlantic Canada – Launching October 1, 2025
Coastal Health Spending Accounts (HSA), a trusted provider of flexible, tax-advantaged employee health benefits in Western Canada, is proud to announce its official expansion into Ontario and Atlantic Canada, effective October 1, 2025.
How Health Spending Accounts Are Taxed Across Canada
Learn how Health Spending Accounts (HSAs) are taxed across Canada.
Health Spending Account vs Traditional Insurance: What’s Better For Small Business?
Trying to choose between a Health Spending Account and traditional group insurance? Discover which option offers better value, flexibility, and tax advantages for your Canadian small business.
Health Spending Account Rules in Canada (2025): Employers’ Guide
Discover the 2025 specific rules for Health Spending Accounts (HSAs/PHSPs): eligibility, contribution guidelines, CRA compliance, and tax benefits.