For incorporated Alberta business owners. Estimate what you could save by paying medical and dental costs through a Health Spending Account (HSA / PHSP) instead of personally.
Estimated yearly tax saving
$0
Estimate only — not tax, financial, or legal advice. Assumes your business is incorporated and you receive T4 income (a sole proprietor with no arm's-length employees generally cannot deduct a self-insured HSA). Marginal rates are approximate combined Alberta + federal figures and change over time. Your actual result depends on your situation — confirm with your accountant.
Want this run on your real numbers?
A licensed advisor + your accountant can set it up properly.
How it works: To pay for medical costs personally, you first earn income and pay tax on it — so to cover $X you need to earn about $X ÷ (1 − your tax rate). Through an incorporated HSA, your corporation pays the $X directly and deducts it, plus a small admin fee. The difference is your estimated saving.