Health spending accounts · for incorporated physicians & dentists

Let your corporation pay your family’s health bills. Before tax.

Dental, vision, prescriptions and physio for you, your spouse and your kids, paid by your professional corporation instead of from your take-home pay. Set up in days. Pay only when you claim.

Get started See how the saving works →
Estimate your saving Your family, this year
Salary you’d need to earn to pay it yourself
$15,385
Cost through cofactor (pay as you go)
$8,640
You’d need to earn $6,745 less for the same care.

Illustrative only. Assumes you’re paid salary and compares against paying bills from after-tax income. Excludes payroll costs, provincial taxes on the plan and Quebec rules. Not tax advice.

About a weekfrom first call to a plan in place
First claimsavings start the day you submit a receipt
Days, not weeksto get reimbursed
One summaryfor your accountant at year-end

How you save

Same dentist. Same bill. Much less income needed.

When you pay a health bill yourself, you pay it with money that has already been taxed. To cover an $8,000 bill at a 48% tax rate, you first have to earn about $15,400 in salary. With a health spending account, your corporation pays the bill directly as a business expense, so the tax step disappears.

Without an HSA

  1. $15,385salary from your corporation
  2. − $7,385personal income tax
  3. $8,000left to pay the dentist

With cofactor

  1. $8,000paid by your corporation for your care
  2. + $640cofactor fee (8%)
  3. $8,640total, about $6,700 less

Example at a 48% marginal rate on salary. Your numbers depend on your province, income and how you pay yourself.

How it works

Three steps. About a week.

  1. Day 1

    A short call

    Twenty minutes on your corporation, who’s on payroll and who you want covered. We tell you plainly if an HSA fits.

  2. Within a week

    Your plan is set up

    We prepare the plan for your corporation, with coverage your accountant can review and sign off on.

  3. Every claim

    Snap a receipt, get paid back

    Submit eligible receipts for you, your spouse and your kids. Your corporation reimburses you, and we keep the records.

Pricing

Pay as you go. Never more than a flat cap.

No setup fee and no monthly minimum. You pay a percentage of what you claim, and once that reaches the cap, the price stops going up.

Pay as you go

8%of each claim

For families with lighter or unpredictable health costs.

  • No setup or monthly fee
  • You, your spouse and your dependants
  • Year-end summary for your accountant

Best under $15,000 a year in claims

Switches on automatically

Flat

$1,200per year, unlimited claims

For bigger years: orthodontics, a new set of glasses for everyone, ongoing therapy.

  • Everything in Pay as you go
  • Unlimited claims for the rest of the year
  • No extra charge, however big the year gets

Kicks in once 8% would pass $1,200

Plus applicable provincial taxes on health plans.

Who it’s for

Built for the people who run clinical practices.

Dentists

Dental professional corporations

Your family’s care handled properly, with options for associates and hygienists.

Physicians

Medical professional corporations

Family doctors and specialists, including those with a spouse on payroll.

Clinic owners

Multi-provider clinics

A benefit staff actually value, fair across roles and simple to run.

  • Built around CRA rules
  • Accountant-friendly records
  • Quebec differences flagged
  • If it isn’t right for you, we’ll say so

FAQ

Questions clinicians ask us.

Is this the same as an American HSA?

No. In Canada, a health spending account is a type of private health services plan (PHSP). It isn’t a savings or investment account. Your corporation pays for eligible health and dental expenses, and when the plan is set up properly those payments are generally deductible to the corporation and not taxable to the employee.

I’m incorporated. Can my professional corporation set one up for me?

Often, yes. The key question is whether you receive the benefit as an employee of your corporation rather than as a shareholder. How you are paid, whether you have other employees, and how coverage compares across your team all matter. We walk through this with you and your accountant before anything is set up.

Can my spouse and children be covered?

Generally, eligible expenses for your spouse or common-law partner and your dependants can be reimbursed under your coverage. If your spouse works in the practice, they may also be covered as an employee in their own right.

What kinds of expenses qualify?

Broadly, expenses that would qualify for the medical expense tax credit: dental work and orthodontics, prescription drugs, glasses and contact lenses, and services from licensed practitioners such as physiotherapists or psychologists. Some items have conditions, and recognised practitioners vary by province, so we confirm specifics with you.

How does pricing work if my claims change year to year?

You pay a percentage of each claim. If your claims for the year grow large enough that the percentage would pass the flat annual price, you’re moved to the flat price automatically and pay nothing more that year.

Does it work the same way in Quebec?

Not quite. Quebec treats employer-paid health coverage differently for provincial income tax, so the benefit can be taxable at the provincial level there. We’ll flag how this affects you before you commit.

This page is general information, not tax or legal advice. Your accountant should review any plan before it’s put in place.

Start saving on your next dental bill.

One 20-minute call is usually enough to know if an HSA fits your practice.

Get started