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.
HSAs (Health Savings Accounts) are special accounts designed to give you a tax deduction for qualified medical expenses. If you qualify for an HSA, you decide how much money you want to contribute (up to a the limit) â and you decide when you use the money. If done correctly, you get a tax deduction for the money you put in now â and if you take the money out for qualified medical expenses, the money comes out tax-free.