HSA vs Medical Expense Tax Credit for Incorporated Professionals
The HSA's pre-tax corporate deduction beats the METC's partial personal credit for high earners.
Senior Benefits Editor
Priya Nambiar spent eight years as a group benefits consultant at a mid-sized Toronto brokerage before moving into financial journalism, where she now covers employer health spending accounts and the evolving landscape of tax-efficient compensation for Canadian workers. Her writing draws on direct experience structuring benefit plans for organizations ranging from tech startups to municipal governments.
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The HSA's pre-tax corporate deduction beats the METC's partial personal credit for high earners.
Digital submission and bank deposits replace slow reimbursement paperwork.
Fee structures can swing your annual HSA costs by thousands depending on claim volume.
Owner-operators must clear four IRS tests before any HSA contribution counts.
Employers can fund employee medical bills tax-free if they follow CRA's strict rules.