Health Spending Accounts Across Canada
Discover how Health Spending Accounts work in your province or city. Compare tax savings and learn about local benefits for small business owners.
Tax Savings by Province
Compare potential HSA savings across Canadian provinces based on combined marginal tax rates.
Tax rate: 46.2%
Tax rate: 53.5%
Tax rate: 48.0%
Tax rate: 47.5%
Tax rate: 50.4%
Tax rate: 52.5%
Tax rate: 54.0%
Tax rate: 52.0%
Tax rate: 54.8%
| Province | Tax Rate | Savings on $5,000 |
|---|---|---|
| Ontario | 46.2% | $4,287 |
| British Columbia | 53.5% | $5,753 |
| Alberta | 48.0% | $4,615 |
| Saskatchewan | 47.5% | $4,524 |
| Manitoba | 50.4% | $5,081 |
| New Brunswick | 52.5% | $5,526 |
| Nova Scotia | 54.0% | $5,870 |
| Prince Edward Island | 52.0% | $5,417 |
| Newfoundland and Labrador | 54.8% | $6,062 |
Provinces
Alberta
Combined tax rate: 48.0%
Save ~$4,615 on $5,000 in expenses
British Columbia
Combined tax rate: 53.5%
Save ~$5,753 on $5,000 in expenses
Manitoba
Combined tax rate: 50.4%
Save ~$5,081 on $5,000 in expenses
New Brunswick
Combined tax rate: 52.5%
Save ~$5,526 on $5,000 in expenses
Newfoundland and Labrador
Combined tax rate: 54.8%
Save ~$6,062 on $5,000 in expenses
Nova Scotia
Combined tax rate: 54.0%
Save ~$5,870 on $5,000 in expenses
Ontario
Combined tax rate: 46.2%
Save ~$4,287 on $5,000 in expenses
Prince Edward Island
Combined tax rate: 52.0%
Save ~$5,417 on $5,000 in expenses
Saskatchewan
Combined tax rate: 47.5%
Save ~$4,524 on $5,000 in expenses
Major Cities
Calgary
Combined tax rate: 48.0%
Save ~$4,615 on $5,000 in expenses
Edmonton
Combined tax rate: 48.0%
Save ~$4,615 on $5,000 in expenses
Montreal
Combined tax rate: 53.3%
Save ~$5,707 on $5,000 in expenses
Toronto
Combined tax rate: 46.2%
Save ~$4,287 on $5,000 in expenses
Vancouver
Combined tax rate: 53.5%
Save ~$5,753 on $5,000 in expenses