How Do You Save?

Here's Some Math...

If you earn $55,000 in British Columbia and you have $1,000 in medical costs...

Without an HSA

You would need to pay yourself $1,422.

• Canada Revenue Agency would take $422 in income tax and you would net $1,000 after tax to pay medical costs

With an HSA

You would need to earn $1,100 in your business.

• Our fee for managing your plan is $100, leaving you with $1,000 after tax to pay medical costs

You would save:

$322 or 32%

If you are in the $150,000 marginal tax bracket

You would save:

$567 or 57%

If you are in the Highest marginal tax bracket

You would save:

105%