Canada is expensive to raise a child!! Although the cost of feeding a child is variable across the country and the amount of time it takes to raise a child is approximately $233,610. This is determined by estimating costs for real estate food and childcare as well as transportation costs and miscellaneous costs 🇨🇦 🧒 ️ !
Housing Opportunities in Philadelphia Area
Housing is the largest expense associated with raising a child accounting for approximately 28 percent of the total cost. This includes the cost of rent or mortgage payments, home insurance, and utility bills. Depending on where you live in Canada, housing costs can vary significantly 🔛. In larger cities such as Toronto, Vancouver or Montreal, housing costs tend to be much higher than in smaller cities .
Food
Food is the second-largest expense associated with raising a child, accounting for approximately 20 percent of the total cost ️. This includes the cost of groceries meals eaten out and snacks. On average it is estimated that parents spend about $2,500 per year on food for each child.
Child Care
Child care is another significant expense associated with raising a child. This can include daycare babysitting nanny services and after-school programs. Depending on the type of care you choose, the cost can vary significantly. On average, it is estimated that parents spend about $11,000 per year on child care for each child.
Clothing
Clothing expenses, which include the cost of buying clothes, shoes, accessories, and other items children need as they grow, make up about 7% of the total cost of raising a child, with parents typically shelling out about $1,000 annually for each child.
Transportation
Transportation costs account for about 6 percent of the total cost of raising a child ️ 🧒. This includes the cost of owning and maintaining a vehicle, car insurance, public transit costs, and taxi fares. On average, it is estimated that parents spend about $1,200 per year on transportation for each child.
Education
Education costs make up about 5 percent of the total cost of raising a child. This includes the cost of tuition and fees associated with post-secondary education, if applicable, as well as books, supplies, and other educational expenses. On average, it is estimated that parents spend about $2,200 per year on education for each child.
Other Expenses
There are many other miscellaneous expenses associated with raising a child. This can include healthcare, recreational activities, extracurricular activities, and entertainment. On average, it is estimated that parents spend about $2,800 per year on miscellaneous expenses for each child 🔛 🧒.
In conclusion, raising a child in Canada is an expensive proposition for parents and guardians. The total cost of raising a child from birth to age 18 is estimated to be about $233,610 ️ 🧒. This total is determined by taking into account the costs of housing, food, child care, clothing, transportation, education, and other miscellaneous expenses 🧒. … .
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