Understanding Group Benefits: Why They Matter for Your Business
Conclusion: Protect Your Team, Grow Your Business Understanding Group Benefits: Why They Matter for Your
August 22, 2025
Conclusion: Protect Your Team, Grow Your Business Understanding Group Benefits: Why They Matter for Your
Alberta Blue Cross is the largest carrier for Individual Products in Alberta
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A Health Spending Account (HSA) lets incorporated small business owners pay for personal health and dental expenses using pre-tax business dollars.
It works like a health expense reimbursement plan—your corporation pays for eligible medical expenses, and the cost becomes a tax-deductible business expense. The reimbursement is tax-free to you.
100% tax-deductible to your business
Tax-free benefits for you
More flexible than traditional insurance
No monthly premiums
To setup a Health Spending Account, you need to either have a Corporation which you are an employee (drawing T4 or taxable income), or be a Sole Proprietor with at least one arms length employee. This would be an employee who is not related to you.