Company Information

Get to know PreTax Health Spending Account PHSP Canada

The Health Benefit Payout Corp., operating under the brand name PreTax, is a Canadian company founded in 2013 that specializes in administering Private Health Services Plans (PHSPs), commonly referred to as Health Spending Accounts (HSAs). The company's mission is to simplify employee benefits for small businesses by providing a Canada Revenue Agency (CRA) approved, tax-effective way to pay for healthcare and dental expenses. Instead of a traditional insurance plan with fixed premiums and coverage limits, PreTax facilitates a system where businesses can directly and tax-efficiently reimburse their employees for a wide range of eligible medical expenses.

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PreTax Health Spending Account PHSP Canada

Canada

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.