Savings Calculator

  Please select your province of residence, your annual income and your families estimated annual medical and dental costs. This savings calculator is not available for residents of Quebec.
  This savings calculator is used for general estimation purposes only. The calculations do not take into consideration the Medical Expense Tax Credit. Please consult your financial advisor if you wish to refine the calculation to your specific circumstances.
Without BeneFitsMyWay HSA Item With BeneFitsMyWay HSA
$3,000.00 Yearly Medical Expenses $3,000.00
$0.00 Admin Fee (10%) and Tax (such as GST/PST and Premium Tax for Ontario) $315.00
$1,285.71 Personal Income Tax
This mainly includes income-tax calculated marginal tax rate applied on annual salary mentioned above
$0.00
$4,286.00 Gross Income Required to Pay Annual Medical Expenses $3,315.00
Your Total Savings with BeneFitsMyWay HSA

23.00% or $971.00