CRA Administrative Positions on PHSP Plan Documents
CRA requires five specific insurance elements in PHSP plan documents.
Marguerite Osei-Bonsu
Section
PHSP Rules
8 stories in PHSP Rules.
Common Disqualifying PHSP Structures and CRA Audit Patterns
CRA disqualifies PHSPs when employers don't actually bear medical expense risk.
Daniel Szymański
EFT Reimbursement Workflows in Canadian Digital HSA Platforms
How five EFT stages move Canadian HSA claims from receipt to bank account.
Marguerite Osei-Bonsu
PHSP vs METC for Incorporated Professionals
A PHSP deducts from dollar one; the METC only kicks in above a threshold.
Marguerite Osei-Bonsu
Single-Employee Corporation PHSP Eligibility
Cost-plus health plans for sole shareholder-employees fail the insurance-risk test.
Renata Chow-Villanueva
Multi-Class Plan Design and CRA Validity for Small Businesses
Misclassifying employees in an HSA can cost you the entire deduction plus taxes and interest.
Daniel Szymański
Arm's Length Requirement for PHSP Shareholder-Employees
Whether a PHSP benefit is tax-free depends on whether the CRA deems you an employee or shareholder.
Renata Chow-Villanueva
PHSP Qualification Tests Under the Income Tax Act
Failing to meet these tests turns tax-free reimbursements into taxable employee income.
Renata Chow-Villanueva