No, you won’t receive a separate tax form for claims made through your spending account.
Here’s how it works:
Any taxability related to your claims is reported directly to your Plan Administrator.
Your Plan Administrator will handle the reporting and ensure it’s included in your taxable income, typically on your payroll, T4, or income statement at the end of the year.
This streamlined process means you don’t need to worry about extra forms—just keep an eye on your year-end tax documents for any taxable benefits. If you have questions, feel free to reach out to your Plan Administrator or our support team for more details!