Every province except Alberta has implemented either a provincial sales tax or the Harmonized Sales Tax. The federal GST rate is 5 percent, effective January 1, 2008. The territories of Yukon, Northwest Territories, and Nunavut have no territorial sales taxes, so only the GST is collected.
HSA Rules: a number of rules and regulations are set for health savings accounts you should be aware of. A Health Savings Account or HSA is a medical savings account that is personally owned and managed by the individual.
You must be covered by a high-deductible health plan to open an HSA You own your HSA and the money in it Itâs not a âuse it or lose it accountâ; funds roll over from year to year Anyone can deposit money in your HSA, up to an annual limit set each year by the IRS Compared to other health spending accounts, HSAs give you more ways to save on taxes and healthcare expenses, now and in the future.