I went to a trade show this past weekend for parents that are either expecting or recently had a newborn. More than one of the booths was pushing life insurance for your newborn. They were marketing it as cheap insurance that will help you save for your child’s future and protect their rates if they [...]
The Canadian Source For Personal Finance
Category Archives: Children
10 Money Management Tips For Expectant Parents
With a baby on the way, who has time for saving? There are medical bills, costs for outfitting the baby’s room, and expenses for diapers, clothing, and food that can leave you with little time, not to mention money to prepare financially for your little one’s arrival. If you are considering the financial ramifications of [...]
Maternity Leave And Parental Benefits
In Canada, maternity benefits are paid to the mother for a maximum of 15 weeks, then there are additional parental benefits. Paternal benefits are available to either parent, or split between them, to a combined maximum of 35 weeks. So if the father remains at work, the mother could receive 50 weeks of payments.
The maternity [...]
How Much Does Raising A Child Cost?
When we first decided to have a baby, the first financial thought that came to me was how much would it cost to raise a child? Looking online, I found a lot of simple answers like “It will cost your $300,000 to raise a child”, but that didn’t seem detailed enough to truly see how [...]
Baby Week Giveaway – Plus More Freebies For New Or Expecting Parents
Since our first baby was born just last week, this week will feature all baby-related articles! As first time parents, the wife and I did quite a bit of reading and research and I thought sharing some information might help other expectant parents or those thinking of having children soon. So check back each day [...]
The Universal Child Care Benefit (UCCB) Explained
The Universal Child Care Benefit (UCCB) is a $100 taxable monthly payment to help with the cost of raising children under 6 years old. To be eligible for the Universal Child Care Benefit, you must be the primary care giver of a child under the age of 6 and a resident of Canada. If you [...]
The Canada Child Tax Benefit (CCTB) Explained
The Canada Child Tax Benefit (CCTB) is available to eligible families to help with the cost of raising their children. This is a non-taxable monthly payment that is based on your family net income. Family net income is your net income from your last tax return plus the net income of your spouse or common-law [...]
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