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.
An HSA is a tax-exempt account that you or your employer can contribute money to, put towards qualified medical expenses. In order to become eligible for an HSA, you have to enroll in a high-deductible health plan. Your HSA money is yours to keep and will continue to grow tax-free, each year. Qualified medical expenses, as defined by the Internal Revenue Service could include: 1  Hospital services.