Maple News reports that raising children in Canada is a major financial consideration for newcomer families. As thousands of immigrant families settle into their new lives each year, understanding the cost of raising children becomes critical—especially as it significantly influences household finances across all demographics.
According to a recent Statistics Canada study, families were categorized based on income (measured in constant 2017 dollars): low-income (under $83,013 CAD), middle-income ($83,013–$137,790 CAD), and high-income (over $137,790 CAD). The study also differentiated households based on the number of parents and children.
The analysis revealed that, for two-parent households, the cost of raising one child from birth to age 17 ranged widely:
– Low-income families spent approximately $238,190 CAD per child.
– Middle-income families spent around $293,000 CAD.
– Higher-income families spent up to $403,910 CAD.
However, when the scope expanded to cover children living at home up to age 22, costs surged:
– Low-income households: $308,710 CAD.
– Middle-income households: $378,900 CAD.
– Higher-income households: $521,270 CAD.
The added expense—ranging from $68,000 to $117,000 CAD per child—mostly comes from supporting children through post-secondary education and extended dependency. Tuition fees, housing costs, and other college-related expenses are major contributors to this uptick.
This extended support is not uncommon in Canada. A 2017 survey revealed that 90% of young adults aged 18–19 and 68% of those aged 20–24 still live at home. As such, the financial responsibilities of parenting in Canada often continue well beyond the age of 18.
These figures offer critical insight for immigrant families planning a future in Canada. Budgeting realistically for the cost of raising children can help newcomers make informed decisions about jobs, housing, education, and family planning.
The data also highlights why Canada’s public policies—from child benefits to tuition grants—play a vital role in supporting families across all income levels. While raising children undoubtedly comes at a high cost, Canada offers various social support systems designed to ease this financial burden—particularly for newcomers.