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Yes. A Health Spending Account (HSA) is fully compliant with CRA rules when it’s set up and administered correctly. The CRA classifies this type of benefit as a Private Health Services Plan (PHSP). Your corporation acts as the plan sponsor and reimburses you, the business owner, for eligible medical expenses. As long as your plan meets CRA’s PHSP criteria and only reimburses eligible expenses, it qualifies as a tax-free benefit and a deductible business expense.

Even if your spouse has a health plan through work, you’re still likely paying out of pocket. Premiums are almost always deducted from their paycheque, most plans don’t fully cover everything and also have category maximums. With a Hiveworks HSA, you can:

Your HSA doesn’t replace their coverage. It fills in the gaps. See our article on how our HSA can work with spousal benefits.

No. Your Hiveworks HSA only covers expenses incurred on or after your plan's effective date, which is the day you sign up. Anything dated before that isn’t eligible for reimbursement under CRA guidelines.

If you had HSA coverage with another provider and are switching to Hiveworks, contact us. We’ll help ensure there’s no gap in your coverage.

Yes! You can add your spouse and dependants to your plan, giving them access to the same healthcare savings.

Eligible practitioners are those recognized by the Canada Revenue Agency (CRA) for the purpose of the Medical Expense Tax Credit (METC). In general, that includes most licensed and regulated professionals such as Chiropractors, Dentists, Optometrists, Physiotherapists, Massage Therapists and many others. See the CRA's list of eligible practitioners.

Eligible medical expenses are those recognized by the Canada Revenue Agency (CRA) for the purpose of the Medical Expense Tax Credit (METC). They include prescription medications, dental work, vision care, physiotherapy, and more. If you have group health benefits, you can claim the portion not covered by your plan. For a complete list of eligible expenses, visit the CRA’s website on eligible medical expenses.

Yes, orthodontic work like braces is eligible as long as it’s for medical reasons and performed by a licensed medical practitioner.

Yes. Massages are eligible if they’re performed by a Registered Massage Therapist (RMT) in the following provinces: Ontario, British Columbia, New Brunswick, Newfoundland and Labrador, Prince Edward Island, and Saskatchewan.

Yes, the limit is $15,000 annually. If you require a higher limit, please contact us.

Log into your Hiveworks account, select New Claim, upload an image of your receipt, and complete a simple claim form. Our platform makes it quick and easy to submit claims.

Yes! Use our Multi-Claim Submission feature to submit as many claims as you need to in one go. Simply upload the receipts for each expense and submit them individually or together.

No, there is no limit to the number of claims you can submit as long as the expenses are eligible. You can submit claims as frequently as necessary.

Your corporation, as the plan sponsor, must be the one reimbursing the expense, not paying it directly. You pay out-of-pocket first, then your company reimburses you, the plan member, through your company-funded HSA.