Health Spending Account Saskatchewan
Potential annual savings on $10k expenses
$9,048
Tax rate
47.5%
Health Spending Account for Saskatchewan Businesses
Saskatchewan business owners can significantly reduce their health costs with a Health Spending Account. With a combined marginal tax rate of up to 47.5%, Saskatchewan entrepreneurs save substantially by using pre-tax corporate dollars for medical expenses instead of after-tax personal income.
Why Saskatchewan Businesses Choose HSAs
Traditional health insurance in Saskatchewan 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 Health Spending Account:
- 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 Saskatchewan Business Owners
Based on Saskatchewan's combined marginal tax rate of 47.5%:
- $5,000 in expenses saves you approximately $4,524
- $10,000 in expenses saves you approximately $9,048
This means for every dollar you spend on health expenses through your HSA, you save 47.5 cents compared to paying with after-tax personal income.
Who Can Use an HSA in Saskatchewan?
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 Saskatchewan?
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 Saskatchewan
- Sign up at Frontier HSA (takes 5 minutes)
- Set your annual budget per person
- Submit claims when you have medical expenses
- Get reimbursed within 2-3 business days
No setup fees. No monthly premiums. Cancel anytime.
Tax Savings in Saskatchewan
See how much you could save on health expenses with an HSA.
Traditional
$3,810
With HSA
$2,000
Traditional
$9,524
With HSA
$5,000
Traditional
$19,048
With HSA
$10,000
Traditional
$28,571
With HSA
$15,000
| Annual Expenses | Traditional (After-Tax) | With HSA (Pre-Tax) | You Save |
|---|---|---|---|
| $2,000 | $3,810 | $2,000 | 1,810 |
| $5,000 | $9,524 | $5,000 | 4,524 |
| $10,000 | $19,048 | $10,000 | 9,048 |
| $15,000 | $28,571 | $15,000 | 13,571 |
*Based on 47.5% 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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Set up your Health Spending Account in 10 minutes. Start saving on taxes immediately.
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