Sunday, April 1, 2018
Health Spending Account
Canadian alumni: have you set up your health spending account yet? If not please do so.
Setting this account would save you $150 per month ($1800 per year) for yourself and any employee you might have (your spouse or children if they work for you). Within 5 years or so the saving would be enough to cover the cost of tuition you paid to study osteopathy with us!
Most health professionals are not aware that they are legally permitted to become their own extended health plan insurer under the Canadian income tax laws. Even some accountants do not know about this tax benefit!