Health Spending Account New Brunswick
Save up to 52.5% on health expenses with a 100% tax-deductible Health Spending Account for your New Brunswick business.
Health Spending Account for New Brunswick Businesses
New Brunswick business owners can significantly reduce their health costs with a Health Spending Account. With a combined marginal tax rate of up to 52.5%, New Brunswick entrepreneurs save substantially by using pre-tax corporate dollars for medical expenses instead of after-tax personal income.
Why New Brunswick Businesses Choose HSAs
Traditional health insurance in New Brunswick is expensive and inflexible:
- Annual premiums of $3,000-$8,000+ per person
- Restrictive coverage with deductibles and co-pays
- Use-it-or-lose-it policies
- Annual increases regardless of claims
With a Frontier HSA:
- No premiums - Pay only when you have expenses
- 100% tax-deductible for your corporation
- Tax-free reimbursements for you and your family
- Flexible coverage for dental, vision, prescriptions, therapy, and more
Tax Savings for New Brunswick Business Owners
Based on New Brunswick's combined marginal tax rate of 52.5%:
- $5,000 in expenses saves you approximately $5,526
- $10,000 in expenses saves you approximately $11,053
This means for every dollar you spend on health expenses through your HSA, you save 52.5 cents compared to paying with after-tax personal income.
Who Can Use an HSA in New Brunswick?
HSAs are available to:
- Incorporated business owners (sole proprietors are NOT eligible)
- Employees of incorporated businesses
- Family members (spouse, dependent children)
If you're self-employed but not incorporated, you may want to consider incorporating to access HSA benefits.
What Can You Claim in New Brunswick?
HSAs cover all CRA-eligible medical expenses, including:
- Dental: Cleanings, fillings, crowns, orthodontics
- Vision: Eyeglasses, contacts, laser eye surgery
- Prescriptions: All prescription medications
- Therapy: Physiotherapy, massage, mental health
- Medical devices: CPAP machines, mobility aids
- And many more eligible expenses
Getting Started in New Brunswick
- Sign up at Frontier HSA (takes 5 minutes)
- Set your annual budget per person
- Submit claims when you have medical expenses
- Get reimbursed same day via EFT
No setup fees. No monthly premiums. Cancel anytime.
Tax Savings in New Brunswick
How much you could save on health expenses with an HSA.
Traditional
$4,211
With HSA
$2,000
Traditional
$10,526
With HSA
$5,000
Traditional
$21,053
With HSA
$10,000
Traditional
$31,579
With HSA
$15,000
| Annual Expenses | Traditional (After-Tax) | With HSA (Pre-Tax) | You Save |
|---|---|---|---|
| $2,000 | $4,211 | $2,000 | $2,211 |
| $5,000 | $10,526 | $5,000 | $5,526 |
| $10,000 | $21,053 | $10,000 | $11,053 |
| $15,000 | $31,579 | $15,000 | $16,579 |
*Based on 52.5% combined marginal tax rate
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Ready to get started in New Brunswick?
Set up your Health Spending Account in 10 minutes. No setup fees, no premiums, cancel anytime.
Get StartedTax rates and practitioner eligibility are based on data from the Canada Revenue Agency. This is not tax advice. Consult a qualified tax professional regarding your specific situation.
Page last updated 2026-01-11.