What the CRA Requires for a Valid PHSP
Five structural requirements CRA enforces to protect PHSP tax status.
Renata Osei-Bonsu
Section
3 stories in Features.
Five structural requirements CRA enforces to protect PHSP tax status.
Corporations can deduct HSA contributions while employees receive reimbursements tax-free.
One misstep at any stage can make years of tax-free benefits retroactively taxable.