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.
Health Savings Accounts (HSA) were passed into law in 2003 and became effective January 1, 2004. They were created to lower overall healthcare costs without compromising quality and choice in your medical care. Simply put, an HSA is a tax-deferred, private savings account designed to pay for current and future medical, dental, vision, alternative, and preventative expenses with tax-free money.