IVF and adoption costs in Canada


    Generations of hope is an organization that funds IVF or other fertility treatments for those who otherwise may not be able to afford it. Some clinics also offer financing modalities.

    Tax treatment of fertility costs

    Fertility costs are eligible medical costs. The tax refund for medical expenses ranges from 19% to 26% of expenses exceeding 3% of net income, depending on the province or place of residence.

    Some group or private insurances partially cover fertility costs. For business owners, a Health Spending Account (HSA) can be a very tax efficient way to fund these expenses for employees.

    Non-medical alternatives

    When medical options are unsuccessful, there are other options. Adoption deadlines and costs can vary from months to years. While public adoptions are possible for little to no cost, the waiting list is long. As a result, private adoptions are more common and can cost $ 10,000 to $ 25,000 for a Canadian born child, including mandatory training courses in some provinces. International adoption can cost $ 25,000 to $ 50,000 or more, depending on the country.

    Surrogacy is another option for aspiring parents. It’s a legal process in Canada that can cost up to $ 75,000 or more. Interestingly, that is Assisted Human Reproduction Act prevents a surrogate mother from being paid to carry a baby, but the surrogate mother can be reimbursed for certain expenses, including loss of work-related income.

    Adoptive parents may also be eligible for provincial or territorial grants and grants, and there may be additional assistance for those adopting or fostering an older child.

    Adoption costs may be eligible for a federal tax credit refund of up to $ 2,509. Several provinces and territories, including British Columbia, Alberta, Manitoba, Ontario, Newfoundland, and Yukon, offer tax credits for adoption costs, which can also be reimbursed between $ 670 and $ 1,325.

    National Bank offers adoption loans – a type of personal loan specifically designed to finance adoption. Adoptive parents might also consider lower-cost credit solutions such as a secured home equity line of credit (HELOC). Another alternative is to use investment vehicles like tax-free savings accounts (TFSAs) to save money in a tax protected environment.


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