Health care spending accounts are one of Canada’s best kept tax secrets. Health care spending accounts allow business owners to take money out of their company tax free to pay for everyday medical expenses such as going to the dentist or paying for prescription drugs.
The Canada Revenue Agency has specific rules around health spending accounts and how they are treated. At Registered Health Spending Account, we created a white paper, “Canada’s Best Small Business Tax Tip” to help accountants, planners and business owners understand the tax free way to take money out of your business.
Download the white paper today and take advantage of Canada’s Best Kept Tax Secret.