Egg Freezing Financing & Tax Guide
Egg Freezing Financing & Tax Credits in Ontario
At EVOLVE, we understand that choosing to freeze your eggs is both a personal and financial decision. This page is designed to guide you through the financing options available for egg freezing in Ontario, including our partnership with Beautifi for flexible payment plans. You’ll also find information on how to claim fertility-related expenses through the Medical Expense Tax Credit (METC), helping to ease the financial burden while you focus on your future.
Financing Options
Egg freezing is an investment in your reproductive future. To make this process more accessible, EVOLVE has partnered with Beautifi to offer flexible monthly payment plans.
Simple Application
Apply online in under 3 minutes with no impact to your credit score. Most decisions are instant.
Flexible Terms
No Money Down
Freezing on Your Terms
Funding typically completes within a few business days. You can finance all or part of your egg freezing costs.
Egg Freezing Financing Calculator
Terms range from 6 months to 6 years—find a monthly payment that works for you. Finance all or a portion of the procedure cost. Try our financing calculator below.
Quick Costs Review
Some variables, such as the number of cycles, coverage, medications, and storage, will affect the final cost. Here is the breakdown of all of the costs associated with freezing your eggs at EVOLVE:
Talk to an EVOLVE Nurse
Fertility Testing
Egg Freezing Cycle
$8,600
Fertility Medications
$4,000 - $10,000
Annual Storage
Future Use Costs
Thawing, fertilization, and embryo transfer are not included and apply if/when you choose to use your eggs.
Payment Policy
The payment for your egg freezing cycle must be made in full before you start the stimulation phase. All fees are in Canadian funds and are subject to change. We accept credit cards, bank drafts, Beautifi financing, and cheques.
Egg Freezing Video Guide
A short series to help you plan your budget and maximize your benefits.
Medical Expense Tax Credit (METC)
The METC is a non-refundable tax credit that can reduce the taxes you owe on eligible medical expenses.
Eligible Expenses (Examples):
- Egg freezing procedures and related monitoring
- Frozen storage fees for eggs
- Prescribed medications with a DIN
- Non-OHIP-covered tests and lab procedures
- Materials for administering medications (e.g., needles, syringes)
- Services from approved providers (e.g., psychologists, acupuncturists)
- Some travel costs, if CRA conditions are met
Ineligible Expenses (Examples):
- Over-the-counter medications, vitamins, supplements
- Insurance premiums and cosmetic procedures
- General health services (e.g., gym memberships, massages)
How the METC Works (Ontario)
- Claim period: You can claim eligible medical expenses paid in any 12‑month period that ends in the tax year—useful if your expenses fall near year-end.
- Family pooling: Combine eligible expenses for yourself, your spouse/common‑law partner, and dependent children to maximize your claim. Thresholds change annually: The federal calculation uses the lesser of 3% of net income or a fixed CRA amount indexed each year. Check the current figure before filing.
- Ontario portion: Ontario also provides a provincial non-refundable medical expense credit. Combined with the federal credit, the rate is about 20.05% on the eligible portion above your threshold.
Example Breakdown & Tips
- Net income: $80,000
- Eligible expenses: $13,000
- 3% of net income = $2,400 (if lower than CRA’s fixed amount)
- Eligible portion = $13,000 − $2,400 = $10,600
- Combined credit ≈ 20.05% of $10,600 = $2,125.30
- Note: For illustration only. You should confirm current CRA thresholds.
- Keep detailed receipts (provider name, date, description, amount). Request a year‑end pharmacy printout with DINs and keep prescriptions.
- Save Beautifi statements. Note: Interest on personal medical loans is generally not eligible; the medical charges may be.
Insurance & Employer Benefits
Some private plans cover fertility medications or diagnostic testing. EVOLVE does not direct bill—pay upfront and submit for reimbursement. We provide detailed receipts.
In addition, many employers offer fertility/family‑building stipends and enhanced drug coverage. Ask HR about stipend amounts, pre‑authorization steps, and timelines.
Ask your Insurer:
- Do you cover fertility medications or procedures?
- Do you require prior authorization or a specialty pharmacy?
- What are my annual or lifetime maximums?
- Do you coordinate benefits with a partner’s plan?
- How are claims paid—direct billing or member reimbursement?
- What documentation is required for claims (itemized receipt, DINs, Rx, clinic letter)?
- Do fertility benefits reset on calendar year or plan year?
Ask Your Employer:
- Do we have a fertility or family-building benefit or stipend?
- Are fertility medications and related tests included in our drug plan?
- Do fertility meds need prior authorization or a specialty pharmacy?
- What are the annual or lifetime maximums for fertility medications/care?
- What documentation do you need for reimbursement (itemized receipts, DINs, physician letter)?
- Is there a dedicated HR or benefits contact for fertility questions?
Ontario Fertility Program (OFP) and OHIP
Elective egg freezing is not covered by OHIP. The Ontario Fertility Program funds limited IVF treatment in specific circumstances and does not fund elective egg freezing. If you need medically necessary fertility preservation (e.g., before chemotherapy), some elements may be covered based on program criteria and clinic allocations. Speak with your care team and our Financial Coordinator.
Frequently Asked Questions
When is my invoice due?
Payment is due before your procedure. Instructions are included with your invoice.
What payment methods are accepted?
Credit card, bank draft, cheque, and Beautifi financing.
What if my cycle is postponed or cancelled?
We’ll follow our clinic refund/credit policy and coordinate with Beautifi for applicable adjustments.
Does OHIP cover egg freezing?
Elective egg freezing is not covered by OHIP. Some diagnostics may be covered. Medically necessary preservation may receive limited funding—ask our team.
What 12‑month period should I use for my METC claim?
You can claim any 12‑month period that ends in the tax year. Choose the period that captures the most expenses (helpful if your costs fall near year‑end).
Do METC thresholds change every year?
Yes. The CRA’s fixed threshold amount is indexed annually. Check the current year’s figure on the Government of Canada website before filing.
What documentation do I need for taxes?
Keep receipts with provider name, date, description, and amount. Request a year‑end pharmacy printout with DINs, keep prescriptions, and save Beautifi financing statements. Note: Interest on personal loans is generally not eligible; the medical charges may be.
Are fertility medications covered by insurance?
Many plans cover some medications but may require prior authorization or a specialty pharmacy. Ask about annual or lifetime maximums and coordination with a partner’s plan.
Does Ontario have a special 25% fertility tax credit?
Yes. The Ontario Fertility Treatment Tax credit is 25% of eligible fertility expenses, up to $20,000, for a maximum credit of $5,000 per year.
Is elective egg freezing covered by OHIP or the Ontario Fertility Program (OFP)?
At this time, elective egg freezing isn’t covered by OHIP or OFP. If you need medically necessary preservation (e.g., before chemotherapy), some elements may be covered based on criteria. Please speak with our team.
Are storage fees eligible for METC?
Yes. Frozen egg storage fees are generally eligible medical expenses.
Can I claim travel expenses?
In some cases. CRA allows travel for medical services if specific conditions are met. Keep mileage logs and receipts.
Are over‑the‑counter supplements eligible?
No. Over‑the‑counter medications, vitamins, and supplements aren’t eligible for METC.
Can my employer help with costs?
Many employers offer fertility/family‑building stipends and enhanced drug coverage. Ask HR about stipend amounts, pre‑authorization steps, and timelines.
Where can I find the full list of eligible expenses?
See the Government of Canada’s METC list for details and yearly updates.
Disclaimer
This page is for general information and is not tax or financial advice. Tax rules and thresholds change annually. Please consult a tax professional or the CRA for advice specific to your situation.