As a small business owner, offering health benefits can feel overwhelming—traditional health benefit plans often come with high premiums, rigid structures, and minimum employee requirements. But there’s a powerful, flexible alternative that more Canadian entrepreneurs are turning to: Health Spending Accounts (HSAs). Designed specifically with cost control and flexibility in mind, HSAs allow businesses to provide meaningful, tax free health benefits to employees without the complexity of conventional group benefits programs.

Being self-employed has a lot of rewards, including the freedom of being your own boss, job security, and the ability to use some of your expenses to reduce your tax obligations but what expenses can you claim?

Did you know that businesses are allowed to claim back the GST/HST they pay on goods and services through Input Tax Credit (ITC) and deduct it from the amount they send to CRA?

If you are thinking of starting your own business then you need to figure out what form of business ownership should you choose. Keep in mind, that each form has its advantages and disadvantages.