Kids can be expensive – costing more than $240,000 to the age of 18 by some estimates. But there’s money in those gurgling bundles of joy too, thanks to government programs that help parents out with everything from grants towards Liam’s future post-secondary education to money for childcare to tax breaks for Shannon's ballet lessons.
Funded as they are out of the country’s tax base, there are those without kids who complain they are forced to contribute to programs that only parents can benefit from. They ask, why should they keep paying and covering at work for someone else while yummy mommy’s off on mat leave? That ignores the fact that society as a whole benefits from children who are well-supported as they grow up, says Nora Spinks, CEO of the Ottawa-based Vanier Institute of the Family.
“From an economic perspective it’s an essential thing to do,” Spinks said.
“Investing in children and families is an investment in our own collective future … I may have a child I raise and thatRead More »from All the "free money" Canadian parents get - and why