The study estimates how much Canadian families typically spend on children, but variables like household income, number of parents and other children and where the family lives can all make a difference.
Canadians can expect to spend more than $350,000 to raise a child from birth to the age of 17, according to new estimates by Statistics Canada. And that figure climbs by a further 29 per cent if parents continue to support the child through post-secondary studies until the age of 22, the data show.
The calculations represent an estimate of how much Canadian families typically spend on children. They do not seek to quantify how much parents must spend per child to achieve a minimum standard of living. Spending on child-rearing included food, clothing, transportation and health care, as well as housing-related expenditures, which StatCan estimated as the cost of an additional bedroom in the home.
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