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Health Spending Accounts
... the Best Kept Secret in Canada!
A Health Spending Account (HSA) is a bank account whose deposits are spent exclusively on healthcare expenses, it is a means for both individuals and corporations to control their healthcare expenses in a tax effective manner.

“The Numbers Speak For Themselves...”
Imagine a business owner who earns $100,000 of net income this year, who incurs $10,000 worth of medical and dental expenses. This person must withdraw $18,416 in pre-tax income from their company to pay their current medical expenses. By using a Health & Welfare Trust, their company would pay only $11,000.00, which would then be 100% tax deductible. Their company would experience an overall savings of $7,416.

If this was you, that $7,416 is money that stays in your pocket, not the government's.

Benefits and Advantages
+ Converts healthcare expenses into 100% business deductions
+ You determine the contribution amount
+ You determine how to spend your benefit dollars

It's Your Money ... It's Your Choice.
Spend Your HSA Dollars On Any Of The Following And Much, Much More!

Acupuncture*Botox Injections
Birth Control Pills*Chiropodist
ChiropractorContact Lenses*
Contraceptive Devices*Cosmetic Surgery
Crown & BridgeworkCrutches
Dental ImplantsDental Treatments
Dental WhiteningDentures
DermatologistDrug  Addiction Therapy
Drugs (prescribed)*Eyeglasses
Fertility TreatmentsHair Replacement
Hearing AidsLaser Eye Surgery
Nursing HomesOphthalmologist
Optical CentresOptician
OptometristOrthodontics
Orthopedic ShoesOxygen
PhysiotherapistPsychoanalyst
PodiatristReg'd Massage Therapy
Skin Care*Therapy Equipment
Vein RemovalViagra*
Vitamins*Wheelchair
X-rays

* certain restrictions apply



This Web site is intended for Canadian residents only and the information contained herein is subject to change without notice.
Copyright 2004-2007 Merrick Wealth Management  All rights reserved