Health Spending Accounts


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How to write-off development disability expenses as a business expense!

As an owner of an incorporated business whose dependent(s) have been diagnosed as having a developmental disability, you can make business tax deductions for expenses that are related to the developmental disability through utilizing the Health & Welfare Trust Solution. Are you aware of this tax solution? Have your professional advisors told you about this [...]

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February 3rd, 2009 | Peter Merrick | 1 comment | Continued
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CRA’s Best-Kept Secret

In 2003, more than $121 billion was spent for health care in Canada, with 70% of these costs paid for by the publicly funded system. Corporate Canada and individuals picked up the remaining 30%, according to the Canadian Institute for Health Information and Statistics Canada. Health care cost and demand will only keep growing as [...]

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January 15th, 2009 | Peter Merrick | 0 comments | Continued
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Health Spending Accounts

A Health Spending Account (HSA) is a bank account whose deposits are spent exclusively on healthcare expenses, it is a means for both individuals and corporations to control their healthcare expenses in a tax effective manner.
“The Numbers Speak For Themselves…”
Imagine a business owner who earns $100,000 of net income this year, who incurs $10,000 worth [...]

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January 15th, 2009 | Peter Merrick | 0 comments | Continued
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Health and Welfare Trusts

In 2003, more than $121 billion was spent for health care in Canada, with 70% of these costs paid for by the publicly funded system. Corporate Canada and individuals picked up the remaining 30%, according to the Canadian Institute for Health Information and Statistics Canada. Health care cost and demand will only keep growing as [...]

Find A Financial Advisor

August 23rd, 2005 | Peter Merrick | 6 comments | Continued
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