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But expenses caused by cosmetic surgery, hair removal/regeneration, non-prescription lenses, over-the-counter drugs without an actual prescription signed by registered medical staff, etc. The Canada Revenue Agency (CRA) regulates what expenses are covered Money you spend from this account isnt taxed (except in Quebec) Your dependents can use. HCSA covers expenses connected with health, vision and dental care for you, your spouse, or any dependents (children) qualified by the Canada Revenue Agency. Please read the accompanying instructions for. Expenses that can be claimed against an HCSA are regulated by the Canada Revenue Agency. Revenue Agencys (CRA) tax deduction guidelines for eligible expenses. Generally these plans include a fixed amount per employee available to be claimed, which makes budgeting for them easier for employers. As a supplemental program, it covers items that are not normally part of the traditional plan. ( August 2015)Ī Health Care Spending Account (HCSA), or Healthcare Spending Account (HSA) is a type of flexible employee benefit program in Canada that aims to provide more flexibility than a traditional health plan. Please introduce links to this page from related articles try the Find link tool for suggestions. Teachers are responsible for allocating the credits for the health and wellness accounts however, understanding Canada Revenue Agency (CRA) rules about HSAs and WSAs will assist in this process.
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This article is an orphan, as no other articles link to it. A majority of teachers have a combined Health Spending Account (HSA) and Wellness Spending Account (WSA) as part of their 2020/21 collective agreement.