Yuki Haramoto

PHSP status determines T4 treatment and deductibility for owner-employees.

Canadian employers must submit group plan claims first, with HSAs covering deductibles and gaps.

Employees get tax-free reimbursements while employers pay provincial taxes on the benefit itself.

Sole shareholder-employees face steep hurdles to claim HSA tax benefits.

Employers can reimburse employees' medical costs tax-free through this corporate benefit structure.

HSA accounts cover far more than dental and glasses, but only what the CRA officially approves.