According to the author – who previously wrote a report that said poverty is not really a problem in this country – parents here only need to spend around $3,000 to $4,500 a year to raise a child. In fact, “it has never been easier, financially, to raise children in Canada.”
If you are an actual Canadian parent like me, that is when your morning coffee shoots out your nose.
Most studies and estimates place the annual cost of raising children at between $10,000 and $15,000 a year. According to the new Fraser Institute Report parents don’t necessarily need to spend money on things like a bigger house or apartment, so it’s not fair to count that towards child costs.
That is the point when you wonder if anyone at the Fraser Institute has actually met any children…
Readers of Stephen Lautens, at least ones beyond the age of 30, might find that his playful and pointed style strikes a familiar note. Actually, the name provides a clue as well.
Stephen is the son of Gary Lautens, a giant of Canadian journalism who passed far too young. I remember Gary well; he was one of my favourites.
Categories: Fraser Institute