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 savings account you can use to pay for certain medical costs. HSAs have many benefits, like: 1  The money you put in your HSA account is tax deductible. 2  Funds in your account grow tax-free.  You donât pay taxes on withdrawals when paying for qualified medical expenses.