Health/Lifestyle Spending Accounts & Group RRSPs
Group RRSPs and Health/Lifestyle Spending Accounts (HSA/LSA) are key elements of a strong group benefits plan for small to medium sized businesses, supporting employee financial health and overall wellbeing.
Together, they provide a flexible, tax-efficient solution that helps employers attract and retain top talent.
Health Spending Account
A Health Spending Account offers a non-taxable alternative or supplementation to a traditional benefits plan.
Health-related expenses include vision, dental, chiropractor, prescription medicines, and more —governed by the CRA.
Wellness Spending Account
A Wellness Spending Account offers a taxable account to promote healthier lifestyles and employee satisfaction — allowing the employer to decide the eligible expenses, from home office equipment, transportation costs, daycare, gym fees and more.
Chambers Plan Health Spending & Lifestyle Spending Accounts
Health and wellness benefits lead to
happier and more productive employees.
By adding a Health and/or Lifestyle Spending account to your Chambers Plan benefits, you show your team you care about their well-being.
Chambers Plan offers three tiers to give
the flexibility to choose coverage that
will support employees and create a solid
foundation for wellness.
It’s cost effective, easy to administer, and
will help you attract and retain employees.
Group RRSPs
Offering a Group RRSP as part of an employee incentive package helps support long-term financial wellbeing while strengthening your overall benefits offering. Through convenient payroll deductions and optional employer matching, employees can save for retirement in a simple, tax-effective way.
Group RRSPs often come with lower fees than individual plans and give employees greater control over their investments, making them a valued and flexible benefit. For employers, they’re a cost-effective tool to attract, retain, and motivate talent while demonstrating a meaningful investment in their team’s future