Quote:
Originally Posted by theman23
Lets assume they already own (not exactly a reasonable assumption, but lets do it for the sake of your argument). Having a child will require that they buy a larger space, and the cost of doing so would be about $150k. That eats up the entirety of that $115k.
Of course you only get the maximum benefit if your family earns less than $34k a year. There are probably not too many of those families even contemplating living in a 2br apartment in Toronto, where an average 2br rents for close to $40k a year.
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Median income in the city of Toronto is a little over $90,000 a year and for that amount he Canadian government gives you $5,000 a year ($415 a month) for 17 years per each child
which would cover food and clothes for for each child.
Based on income daycare might be fully covered by the city, health care, dentalcare, drugs are all covered by the government as well. Lets not also forget the upto 18 months of maternity leave also paid for by the government.
This is why i find this argument that i would have kids but it's expensive a hollow argument.