As a small business owner in Canada, striking the perfect balance between offering attractive employee benefits and managing costs can feel like solving a puzzle. Traditional health insurance plans often come with hefty premiums and limited options,...
In the fall of 2022, the Canadian government implemented the Canadian Dental Care Plan, which expands access to dental and oral health care. AGA Benefit Solutions, our parent company, has issued an interesting and detailed blog post on this subject....
BeneFitsMyWay administers Health Spending Accounts (HSAs),which are considered to be Private Health Services Plans (PHSPs) under the Income Tax Act.
At a round-table event sponsored by CALU(the Conference for Advanced Life Underwriting) in May 2022, the CRA has provided additional guidance on its interpretation of the Income Tax Act (ITA) with regard to HSAs offered to the benefit of a...
