Some same sex families who conceive with assisted reproductive technologies are getting a tax break in the new federal budget - and the change is retroactive!
Till now, the tax credit was restricted to those diagnosed as medically infertile. The change extends the credit to single women or same sex couples.
Because the change is being characterized as a "clarification" of existing tax law, an expense incurred but not claimed in the last ten years can now be claimed.
The change only helps people who conceive by in vitro fertilization (IVF), which is primarily lesbian couples. The change does not yet apply to the fertility costs associated with surrogacy, something the government says it is now examining.
A single IVF cycle can cost between $10,000 and $15,000. Many folk say that fertility costs such as IVF or donor insemination should be covered by MSP in the first place. Estimates are that 10,000 people undergo fertility treatments every year. But until that happens, this tax break is a step in the right direction.
Till now, the tax credit was restricted to those diagnosed as medically infertile. The change extends the credit to single women or same sex couples.
Because the change is being characterized as a "clarification" of existing tax law, an expense incurred but not claimed in the last ten years can now be claimed.
The change only helps people who conceive by in vitro fertilization (IVF), which is primarily lesbian couples. The change does not yet apply to the fertility costs associated with surrogacy, something the government says it is now examining.
A single IVF cycle can cost between $10,000 and $15,000. Many folk say that fertility costs such as IVF or donor insemination should be covered by MSP in the first place. Estimates are that 10,000 people undergo fertility treatments every year. But until that happens, this tax break is a step in the right direction.
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