Health Spending Account Edmonton
Potential annual savings on $10k expenses
$9,231
Tax rate
48.0%
Health Spending Account for Edmonton Businesses
Edmonton business owners can significantly reduce their health costs with a Health Spending Account. As a major business hub in Alberta, Edmonton entrepreneurs benefit from using pre-tax corporate dollars for medical expenses.
Why Edmonton Business Owners Choose HSAs
Running a business in Edmonton is expensive enough. Traditional health insurance adds unnecessary costs:
- High monthly premiums that increase every year
- Restrictive coverage that doesn't match your needs
- Complicated claims processes
- Benefits that expire if unused
With a Frontier Health Spending Account:
- No premiums - Pay only when you have actual health expenses
- 100% tax-deductible for your corporation
- Tax-free reimbursements for you and your family
- Fast claims - Submit a receipt, get reimbursed in 2-3 days
Tax Savings in Edmonton
Based on Alberta's combined marginal tax rate of 48.0%:
- $5,000 in expenses saves you approximately $4,615
- $10,000 in expenses saves you approximately $9,231
What Edmonton Business Owners Claim
Common claims from Edmonton members include:
- Dental care: Cleanings, fillings, crowns, and orthodontics
- Vision: Eyeglasses, contacts, and laser eye surgery
- Mental health: Therapy and counseling sessions
- Physical therapy: Physiotherapy, massage, chiropractic
- Prescriptions: All prescription medications
See our full list of eligible expenses.
Getting Started in Edmonton
- Sign up online in 5 minutes
- Set your annual HSA budget per person
- Submit claims by taking a photo of your receipt
- Get reimbursed via e-transfer within 2-3 business days
No setup fees. No monthly premiums. Cancel anytime.
Is Your Edmonton Business Eligible?
HSAs are available to incorporated businesses in Edmonton. You must have an active corporation to participate.
Eligible:
- Incorporated business owners
- Employees of incorporated businesses
- Family members (spouse, dependent children)
Not eligible:
- Sole proprietors (not incorporated)
- Partnerships without corporation status
If you're not incorporated, consider whether incorporation makes sense for your Edmonton business to access HSA benefits and other tax advantages.
Tax Savings in Edmonton
See how much you could save on health expenses with an HSA.
Traditional
$3,846
With HSA
$2,000
Traditional
$9,615
With HSA
$5,000
Traditional
$19,231
With HSA
$10,000
Traditional
$28,846
With HSA
$15,000
| Annual Expenses | Traditional (After-Tax) | With HSA (Pre-Tax) | You Save |
|---|---|---|---|
| $2,000 | $3,846 | $2,000 | 1,846 |
| $5,000 | $9,615 | $5,000 | 4,615 |
| $10,000 | $19,231 | $10,000 | 9,231 |
| $15,000 | $28,846 | $15,000 | 13,846 |
*Based on 48.0% combined marginal tax rate
HSA Benefits
All HSA expenses are deductible business expenses
Only pay when you actually use healthcare
Dental, vision, prescriptions, therapy & more
Get your money back in 2-3 business days
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Ready to save on health expenses in Edmonton?
Set up your Health Spending Account in 10 minutes. Start saving on taxes immediately.
Get Started