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Here’s how Much Kids Actually Cost and Why

In an article by MoneySense, it’s estimated that Canadian parents will shell out approximately $254,000 on each child, from birth to age 18. This amounts to about $13,000 per year — and every year, it seems these numbers are only climbing higher. When considering the costs of raising kids in Canada, there’s no such thing as too much research. Read on for some average costs that parents can expect to spend per year on children.

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