Because your health, your family, and your future deserve more than “one-size-fits-all.”
When you’re building a business, you pour your energy into everything and everyone (except, sometimes, yourself...). Female entrepreneurs face unique health needs that traditional benefit plans rarely address: fertility treatments, hormone health, postpartum care, and more.
That’s where a Health Spending Account (HSA) can change everything.
An HSA is one of the most flexible, tax-efficient ways for incorporated business owners in Canada to turn personal health and family-related costs into legitimate business deductions.
Here are three things every female entrepreneur should know:
If you’re incorporated, you can use an HSA to pay for personal medical, dental, and vision expenses through your business while keeping those reimbursements tax-free.
That means your business can cover everything from fertility treatments, prenatal vitamins, and postpartum physiotherapy to hormone replacement therapy (HRT) or menopause symptom management all as eligible medical expenses under CRA guidelines.
💡 Example: Let’s say you pay $1,000 for dental work personally.
If you’re in a 40% tax bracket, that $1,000 actually costs you $1,667 in pre-tax income because you have to earn $1,667 before tax to net $1,000 after tax to pay that bill.
With an HSA, your corporation pays the $1,000 dental bill through the plan and deducts it as a business expense.
Even after accounting for a 10% administration cost ($100 in this case), your total corporate outlay is $1,100 — fully deductible.
It’s a smart way to make your money work harder and keep more of it focused on your health instead of taxes.
Unlike traditional group insurance plans (which are built around averages and restrictions), HSAs are designed for real life.
They cover what you need — and for women, that often includes:
🔹Fertility diagnostics and IVF
🔹Egg freezing or embryo storage
🔹Midwifery and doula care
🔹Menopause and hormone therapies
🔹Breast pumps, lactation consultants, and postpartum physiotherapy
🔹Mental health therapy or counselling
And because you control the spending limit, there are no premium increases or benefit caps dictated by an insurer.
In short: You get control, predictability, and freedom.
Many women entrepreneurs are blending physical, emotional, and mental wellness into their business philosophy.
That’s where a Wellness Spending Account (WSA) complements your HSA beautifully.
While HSAs focus on CRA-approved medical expenses, WSAs let you cover lifestyle and preventive wellness — things that support your long-term health and stress management.
Typical WSA-eligible items include:
🔹Massage therapy, yoga, and Pilates memberships
🔹Nutrition counselling or meal delivery programs
🔹Fitness equipment and gym passes
🔹Life coaching or therapy apps
🔹Retreats or mindfulness programs
Together, your HSA + WSA create a holistic framework for women’s health covering everything from fertility to menopause, and everything in between.
It’s a benefits plan that evolves as your life and business do.
A Health Spending Account can save you thousands in taxes each year and give you the freedom to spend your health dollars where they matter most.
Learn how an HSA fits your business: Click here
or book a quick discovery call and we’ll show you what you qualify for and what it could save you this year.