Flexible Spending Credits

This fund is outlined in the working document of the new Collective Agreement under Article 29.11, as well as on the University's website. Please take some time to review this information.

You have $400 to allocate to either:

1. Health Care Spending Account (HCSA)

The Health Care Spending Account can be used to pay for employee and/or eligible spouse's/dependents' qualifying medical and dental expenses under the Income Tax Act (Canada), that are not covered or are only partially covered by the University's group benefits plan.

2. Taxable Wellness Spending Account (TWSA)

The TWSA is intended to support the health and wellness for employees only (spouses and dependents are not eligible). This account can be used to pay for items including, but not limited to: fitness club membership fees, fitness or sporting equipment, personal training sessions, nutritional counselling, weight loss programs, smoking cessation programs, legal advice and/or financial advice. Wellness spending account reimbursements are taxable benefits and will be reported on annual T4 statements of the employee.

You can only make this allocation once per year and it cannot be changed. You can allocate in $50 increments (for example: $300 in the HCSA and $100 in the TWSA).

To access the TWSA credits, you will need to update your banking information with Sunlife in order to begin using them. See attachment "Setting up your PSA" for instructions on how to do this.

If you have any questions, please review the frequently asked questions page as it provides a lot of information regarding how to make a claim.