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How much does it cost to raise a kid in Canada?

from Global News

Parenthood can be a magical and supremely fulfilling experience that brings a lifetime of rewards. It can also do a number on your wallet. While the U.S. Department of Agriculture releases a yearly figure on how much it costs to raise a kid, Canada doesn't have a definitive number. (The U.S. info, we should note, is based on estimates of housing, transportation and clothing costs, among other criteria.) The latest number from south of the border estimates that raising a kid born in 2015 to age 18 will cost the average middle income family a whopping $233,610. more


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