Starting January 2025, Ontario residents can benefit from a new refundable Fertility Tax Credit that refunds up to 25% of eligible fertility treatment expenses, up to a maximum of $5,000 per year.
This credit is a significant step forward in supporting families pursuing fertility care. This credit can be claimed in addition to the currently available non-refundable medical expense tax credit on the same eligible expenses.
Below is an overview to help you understand how to benefit from it.
To be eligible:
- You must be an Ontario resident.
- Expenses must have been paid on or after January 1, 2025.
- Expenses must not be reimbursed (or reimbursable) by a private insurance plan.
- You must have receipts and documentation to support your claim.
We strongly recommend keeping all fertility-related receipts organized throughout the year.
Below is a general guide of what can be claimed:
- Fertility Procedures: IUI, IVF, ICSI, embryo transfer, egg or sperm freezing, sperm extraction/processing
- Cryostorage Fees: Storage of sperm, eggs, or embryos
- Donor Eggs or Sperm: Fees from donor banks or agencies
- Surrogacy-Related Medical Costs (in Canada)
- Prescribed Medications (with DIN #): not covered by insurance
- Medical Supplies: Needles, syringes, etc.
- Consultation & Clinical Fees
- Lab & Diagnostic Testing not covered by OHIP
- Travel Expenses: if traveling 40+ km (one way) for treatment (keep gas, meal, and hotel receipts!)
- Allied Health Services (if relevant to fertility): naturopathy, acupuncture, psychology, etc. (see CRA for province-specific eligibility)
- Keep Receipts: Save all fertility-related invoices with clear dates, service descriptions, and provider info.
- Consult a tax professional: A tax advisor can help you identify all eligible expenses and ensure you’re maximizing your credit.
- Stay informed: Tax laws and eligible expenses can change; regularly check the CRA website or consult your tax advisor for updates.
- Check CRA Guidelines: Visit the Ontario website for the most up-to-date info.
- Consult a Tax Expert: Everyone’s situation is different. A professional can help you get the maximum refund.
- Plan Ahead: Only 2025 (and forward) expenses are eligible. Be strategic with your payments and timing.
https://budget.ontario.ca/2024/fallstatement/highlights.html
Always consult your personal tax advisor to confirm your eligibility and receive personalized guidance.
It’s crucial to retain all receipts and documentation for your expenses, as the Canada Revenue Agency (CRA) may request them to verify your claims.
