Provincial Breakdown: Tax Rates Of Health Spending Accounts

The taxation of Health Spending Accounts (HSAs) varies depending on the province of your business location.

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Tax rates of health spending accounts are typically the same as those for traditional extended health insurance. Currently, the Coastal HSA Health Wallet is available in Alberta, British Columbia, Manitoba, Saskatchewan, and all three territories.

Tax Rates of Health Spending Accounts

Total Tax applied to Health claims by province.

Province GST/HST/QST(on Admin Fee) Tax on Claim Amount and Admin Fee (PPT) Tax on Claim Amount (RST)
Alberta 5%    
British Columbia 5%    
Manitoba 5%    
New Brunswick 15%    
Newfoundland and Labrador 15%    
Northwest Territories 5%    
Nova Scotia 15%    
Nunavut 5%    
Ontario 13% 2% 8%
Prince Edward Island 15%    
Quebec 14.975% 3.480% 9%
Saskatchewan 5%    
Yukon 5%    

Read More: Top 5 Benefits for Employees in Canada

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The information provided on this website does not constitute tax, legal, or accounting advice. Please consult a qualified accounting professional regarding your specific circumstances.