(combination tax-free/ taxable spending account)

Flex plans allow an employee to select from the list of available options (selected by the employer) the benefits that best suit their needs based on the stage of life they're in and allocate accordingly. Employees have a thirty day window to login and allocate from the time they are added to the plan, or upon yearly plan renewal. The allocation must be made at the beginning of the benefit year (as per CRA required  element of risk). When the amount is allocated, the credits are locked in for the plan year and cannot be changed. Income tax considerations are an integral part of the design of flexible employee benefit programs and an important aspect of the selection of benefits by the employee.

Read more about the different spending accounts we offer below to help you pick the right spending account for your client's needs:


 A non-taxable alternative or supplement to a traditional benefits plan, offered on our completely digital platform. An HSA can be used to “carve out” infrequently used coverage such as orthodontics or vision care.

Wellness Spending Accounts


A taxable spending account provided by employers to promote healthier lifestyles and employee satisfaction. A WSA will typically encompass what the company believes are items that reward and incentivize their staff.

Flexible Health anSpending Accounts Wellness


Inside the myDefined plan, the employer can drill down to the sub-item level and completely customize the non-taxable and taxable lists with category limits and yearly caps. myDefined also allows the option to allow funds pooled or per individual family member.


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