604-879-3032

Fees

At Genesis, we believe all those seeking to begin or grow their families should have the opportunity to do so.

 

We understand the cost is an important consideration during this time and our finance team is happy to review options with you. Your doctor at Genesis will provide information about the best success rates for your particular circumstances and your most affordable treatment options.

The BC Medical Services Plan (MSP) covers most aspects of fertility testing and surgery. MSP does not cover the cost of fertility treatment.

To get advice on your personal situation, please telephone us at 604-879-3032 ext. 244 or email finance@genesis-fertility.com.

 

FREQUENTLY ASKED QUESTIONS

Here are some answers to common questions to help you with the financial aspect of your treatment.

Is my fertility treatment income tax deductible?

The cost of most fertility treatments and medications qualifies as a medical expense under section 118.2 of the Income Tax Act. This means that costs relating to your fertility treatment may be claimed as a medical expense credit on your income tax return. Please be sure to save all your Genesis Fertility Centre receipts for income tax time.

The Finance Minister announced in Mar 2017 that the government is expanding access to a tax credit for Canadians who turned to reproductive technologies. This means that anyone who has incurred expenses over the past 10 years for reproductive technologies such as IVF can refile their taxes for that year and claim the expense. Please contact your tax professional for additional information.

How can I pay for my fertility treatment?

At Genesis we accept cash, debit card, Visa, Mastercard, certified cheque or bank draft. Other options include paying through a bank loan or line of credit, using a financing company, or using a health trust if you are an incorporated or self-employed business owner.

A Private Health Services Plan is as an alternative to financing and is available to business owners through The John Robinson Group Inc and Trusted Advisor™. Click here to learn more.

How do I arrange financing?

Genesis does not offer financing directly, but there are specialized financing companies who offer financing for medical procedures. Interest rates are usually less than normal credit card rates. If you are interested in finding out more about financing options, please refer to the links below:

Health Smart Financial Apply NowMedicard iFinance Logo

Business Owners: With a Private Health Services Plan you can fully tax-deduct fertility treatments and start your journey to conceiving sooner.

Canada Revenue Agency (CRA) allows business owners to deduct 100% of qualified fertility treatment costs through a Private Health Services Plan. The John Robinson Group Inc and Trusted Advisor™ specializes in assisting patients in meeting their financial goals. Please visit trustedadvisor.ca for a list of approved expenses and an online application.

 

From Our Patients

Grayson is the light of his parents life. He was conceived at Genesis with the help of IVF and genetic screening while Ameet was fighting leukemia.

Ameet
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