Перейти к содержимому

Turn Your Personal Health Expenses Into Corporate Tax Deductions | HSA in Canada

BusinessinCanada

0:00 / 0:00

Turn Your Personal Health Expenses Into Corporate Tax Deductions | HSA in Canada

1 884 просмотра · 2 месяца назад
BusinessinCanada
130 подписчиков
1 884 просмотра · 2 месяца назад
✅ Wealthsimple: Get a $25 sign-up bonus when you sign up and fund $100: ADBAGQ https://wealthsimple.com/invite/ADBAGQ (Affiliate Link) ✅ Venn Corporate banking, earn high interest and zero fees Credit card, Link: https://app.venn.ca/signup?referral=3... (Affiliate Link) ✅ Quickbooks for accounting discount: https://www.kqzyfj.com/click-10176781... (Affiliate Link) ✅ Etsy shop for our merchandise : https://businessincanada.etsy.com ✅ Transfer money abroad with less fees using Wise: https://wise.com/invite/dic/tekunjaya... (Affiliate Link) ✅ Business Credit Cards $ cash rebates/ points here: https://www.finlywealth.com/r/GXBgt3L... (Affiliate Link) // AFFILIATE LINKS DISCLAIMER: Links included in this description may be affiliate links. If you click on one of them and make an eligible purchase, I may receive a small commission at no additional cost to you. Stop paying for family medical and dental expenses with after-tax money. Learn how to use corporate tax planning to cover these costs. #HSA #Dental Most incorporated business owners are unknowingly overpaying their taxes. Every time you pay for prescriptions or dental bills with personal funds, you lose the opportunity to use your corporation to handle those costs before tax touches them. This video explains the legal mechanism available to business owners who want to keep more of their earnings by leveraging existing corporate tax rules. If you are incorporated, you likely have access to a strategy that allows your business to pay for necessary family health costs directly. This is not about loopholes or secrets, but about understanding how small business expenses can be structured efficiently. By shifting these payments from personal to corporate, you change how your money is taxed at the source. What you'll learn: What a Health Spending Account is and who qualifies (CRA rules for incorporated businesses) Why this deduction gets missed by so many small business owners What expenses are eligible (dental, vision, prescriptions, and more) How to set one up and keep it CRA-compliant How this fits into your overall corporate tax planning Watch this breakdown to see if your current setup is missing this opportunity. Subscribe for weekly tax strategy breakdowns, and comment below if you want a deeper look at how to structure these payments for your specific situation.