Fertility Coverage & Your Taxes
Fertility treatments may qualify as deductible medical expenses on your income tax return. In Ontario, this credit is called the Medical Expense Tax Credit (METC). This tax credit can help you reduce the impact of medical costs for yourself or your dependents.
While we try to provide as much information as possible, please always check with your personal accountant for further details and to confirm eligibility.
Tax Credit Requirements
To claim this tax credit on your income tax return, usually, these expenses must:
- Have been paid within the 12 months of a previous calendar year
- Not have received reimbursement from private insurance plans
- Have receipts proving their existence; we recommend keeping all receipts from your fertility treatments in one spot for this very purpose.
We recommend checking with an accountant about your specific situation. For more information, please visit: www.canada.ca
Fertility Medical Expenses
Eligible Fertility Medical Expenses
Allowable fertility medical expenses on your income tax may include:
Ineligible Fertility Medical Expenses
Medical expenses that are often ineligible to be claimed on your tax return include:
Tips for Your Fertility Tax Credits
Keep ALL your medical receipts and documents somewhere safe.
Your documents should include important details, such as the payment date, service type, and service provider.
Consult with a professional tax accountant. Tax laws can be confusing, but a professional can guide you on the best course of action for your specific tax situation.
After submitting your tax, ensure you keep all supporting documents in case the CRA reviews your claims.
Keep in mind that tax regulations and policies can change each year.
Always ensure you have the most up-to-date information and the latest guidelines from the CRA.
How to Calculate Your Tax Credit
Taxes can be confusing, which is why we’ve broken down the steps involved in claiming your medical expenses below. If you’re still unsure how to do this, we recommend consulting with your accountant or a tax professional.