BeneFitsMyWay Blog

Health Spending Accounts are considered to be Private Health Services Plans under the Income Tax Act

By Tammi Byers, Director of BeneFitsMyWay on Feb 27, 2023 3:00:18 PM

BeneFitsMyWay administers Health Spending Accounts (HSAs),which are considered to be Private Health Services Plans (PHSPs) under the Income Tax Act.

Clarification of the Income Tax Act: How it May Affect your HSA

By Chantal Dufresne, Senior Vice President, Finance and Operations on Feb 6, 2023 9:46:24 AM

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...

AGA Benefits Solutions Acquires BeneFitsMyWay

By Tammi Byers, Director of BeneFitsMyWay on Jun 9, 2022 9:56:18 AM in News

How Employers are Juggling 4 Different Generations in the Workplace

By Chris S on Jun 6, 2019 4:06:10 PM in HSA, Benefits, Health Spending Account, Health and Wellness, health benefits, retirement, cost management

Wide age range poses many challenges for managers and business owners tasked with bridging the gap between these different age groups.

How HSAs Can Assist Businesses Experiencing Delayed Retirement Issues

By Chris S on Dec 12, 2018 2:00:49 PM in HSA, Benefits, Health Spending Account, Health and Wellness, health benefits, retirement, cost management

In 1996, less than 46 percent of people age 60 to 64 were still working. In 2016, 56 percent of that same age group were still working. In 2026, it's expected to reach almost 60 percent. The facts are that more and more Canadians are not seeing 65...

Benefits of Referring a Friend to BenefitsMyWay

By Chris S on Dec 5, 2018 10:42:20 AM in HSA, Benefits, Health Spending Account, Frequently Asked Questions, ClientConnect, Referral, Refer a Friend

ClientConnect is CustomCare's way of rewarding those that go the extra mile and share their positive experience by referring us to their peers! For the remainder of the year, when you refer a friend to CustomCare, you get a $50 reward and your...

5 Most Asked FAQs...Answered

By Chris S on Jul 19, 2018 10:56:32 AM in HSA, Benefits, Health Spending Account, fertility treatments, Frequently Asked Questions

Canadian small business owners are searching for a cost effective way to pay for their health and dental expenses. Here's a list of the most frequently asked questions that we receive about Health Spending Accounts (HSAs). 

Webinar Recap: Creating Happy and Informed Clients With the CustomCare Broker Affiliate Program

By Chris S on Jul 6, 2018 11:35:56 AM in HSA, Benefits, Health Spending Account, health benefits, small business benefits

CustomCare knows how hard Brokers work. We can help make your job easier! Earning More as a CustomCare Broker Affiliate covers:

  • How the CustomCare program works
  • The benefits of the Broker Affiliate Program
  • How to join the program

5 Eligible HSA Expenses You May Not Realize

By Chris S on May 29, 2018 12:04:23 PM in HSA, Benefits, Health Spending Account, crutches, braces, fertility treatments, diabetic supplies

All eligible medical expenses can be claimed under your Health Spending Account and these expenses include many things most people expect like: prescription drugs, chiropractic, and dental. 

However, you might be overlooking expenses that qualify as...

6 Corporate Wellness Tips That Will Rock Your Workplace!

By Chris S on Apr 4, 2018 9:52:27 AM in Benefits, Health and Wellness, Wellness, Happy Workplaces

Workplace wellness programs are covering more than just gym memberships these days. Mental health well-being, financial well-being, and social connectedness are the new workplace wellness trends that are attracting top talent. Here are 6 of our top...

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