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Fertility Patients: Your Journey to Conceiving

How much would you spend for the chance to have a child? What is it worth to you to expand your family? Melissa Leong, reporter for the Financial Post, posed these poignant questions in her article The Cost of Infertility.

An estimated 11.5% to 15.7% of couples face infertility, notes a 2012 Vanier Institute of the Family report — and the compulsion to gamble everything is great, given the reward. Infertility doesn’t discriminate. It often arrives unannounced, leaving couples unprepared for the hefty financial implications. To pay for fertility treatments, people take out second mortgages on their homes. They clean out their savings.

For Business Owners in Canada Fertility Treatments are 100% Tax Deductible

The average cost of fertility treatments over a 27-month period can reach $24,000. With a Private Health Services Plan (PHSP) fertility expenses are 100% tax deductible.

Below is an example breakdown (provincial taxes on administration fee only is excluded):

Private Health Services Plan Paid Corporately
Healthcare Expense $24,000
Administration Fee (10%) $2,400
Tax-deductible total $26,400
Tax Deduction $26,400
Non-Taxable Benefit Paid to Business Owners $24,000
This tax strategy can result in significant savings for business owners preparing to undergo fertility treatments.

Qualified fertility treatments under a PHSP include:
  • Acupuncture
  • Blood Tests
  • Diagnostic Fees
  • Drugs (prescription)
  • Gynecologist
  • IVF Treatments
  • Naturopath
  • Obstetrician
  • Post-natal Treatments
  • Pre-natal Treatments
  • View our extended list of what's covered

To get started, simply complete the Private Health Services Plan (PHSP) online application or contact June Borlé at (604) 874-4429 or Toll-free (888) 880-2266.