More and more Canadians are establishing Health Spending Accounts at http://www.CHSA.ca to benefit from the tax savings made available by the Revenue Agency. But some people are under the impression that these accounts are only for the rich. Nothing could be further from the truth. The higher your income the greater the benefit, but if you pay taxes at all, you will benefit from a Health Spending Account.
A Health Spending Account allows Canadian tax-payers to set aside a portion of their income before taxes and then use this money to cover their family’s health care costs – all with no tax!
Any product or service, delivered by, sold by or dispensed by a Licensed Medical Practitioner, is an eligible expense under a Health Spending Account.
These practitioners may include: Acupuncturists, Ambulance Attendants, Audiologists, Certified Nursing Assistants, Chiropodists, Chiropractors, Dental Assistants, Dental Hygienists, Dental Technologists, Dental Therapists, Dentists, Denturists, Dieticians, Emergency Medical Attendants, Hearing Aid Practitioners, Licensed Practical Nurses,
Massage Therapists, Medical Laboratory Technologists, Medical Radiation Technologists,
Midwives, Naturopaths, Occupational Therapists, Opticians, Optometrists, Paramedics, Pharmacists, Physical Therapists, Physicians, Physiotherapists, Podiatrists, Psychiatric, Nurses, Psychologists, Registered Nurses, Respiratory Therapists, Social Workers and Speech Language Pathologists... to name a few.
Any service provided by any one of the above professionals is 100% eligible for your Health Spending Account. No limits, no co-pay amounts, no uncovered products or services.
Obviously that list covers more services and products than could be listed in any single article, but some very common examples: Laser Eye Surgery, Braces and Orthodontics, Nursing Care for Aging Parents, Supplements and Supports sold by your Chiropractor or Physiotherapist, Glasses (including Diving and Skiing masks with built in correction), Cosmetic Surgery, Hearing Aids, Orthotics and Specialized Footware, Nutrition Counseling, and Home Care.
The Canada Revenue Agency has delivered a huge tax benefit to all Canadian tax payers by creating the rules to allow Health Spending Accounts. Don’t miss the tax advantages available to you and your family – establish yours today! Contact http://www.CHSA.ca today and find out how they can help you save your tax dollars.
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