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IVF Tax Planning Time

Now that the New Year countdown is complete it's a good time to keep an eye on the next countdown: Tax Filing. January and February are great months to take inventory of your finances.

IVF.ca has a list of medical tax credit resources that are relevant to IVF.

Medical Expense Tax Credits

The page features key links to resources at the Canada Revenue Agency. As well, IVF.ca provides sample Provincial tax credit calculators to help demonstrate the effect of tax credits. The calculators have limitations (they aren't 100% accurate) but they can be helpful indicators.

As always, consult a tax professional prior to implementing any tax planning decisions.

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