Improved Spending Accounts are Coming in 2026!
In 2026, your spending account can be used towards both healthcare expenses AND wellness expenses. Previously, you could only use your spending account towards extra healthcare needs.
What is the Difference Between Health and Wellness Expenses?
- Claims for healthcare expenses are non-taxable to you
- Claims for wellness expenses are considered taxable income that you will pay taxes on for 2026
Other Info:
- Your spending account can be used towards any dependents in your family
- We cannot make changes to your spending account allocation during the year
*In order to stay compliant with CRA, you need to allocate your spending account for 2026 between health expenses and wellness expenses. Fill out the form below. If you do not provide your selection by December 18th, 2025, the default will be 100% health and 0% wellness.
What Can I Claim for Health Or Wellness?
Health spending account claims are non-taxable, which leaves more money in your pocket.
Use your health spending account to cover any additional health, dental or vision care expense that is not covered by your core benefits plan.
Here are some examples:
- Prescriptions
- Eyeglasses, contacts or laser eye surgery
- All things dental including orthodontics
- Counselling/psychology
- Massage therapy
- Physiotherapy
- Other healthcare practitioners
Wellness claims are flexible. Remember that it is considered extra taxable income, and you will pay taxes on any spending account claims for wellness.
There are hundreds of items you can run as wellness expenses click here to see them all.
Here are the general categories:
- Family Care (daycare, nannies, day camps)
- Fitness Activities, Sports Equipment and Fitness Apparel
- Personal Computing and Mobile phones (cell phone, computers, iPads, etc.)
- Financial Contributions (RESP, TFSA, RRSP, etc.)
- Legal and Accounting fees (tax prep, etc.)
- Professional or personal development, courses and memberships
- Recreational and Leisure activity
- Travel (flights, hotels, car rentals, theme park tickets)
- Pet Care
Allocate Your Spending Account Here!
Fill this form out before December 18th.
If you do not fill this form out, your default allocation will be 100% health and 0% wellness.
