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Having a Baby

The cost of baby’s first year

The cost of caring for a baby can increase your annual expenses by an estimated $8,000.1 It’s a good idea to consider what additional expenses lay ahead during a time when your income may be reduced because of parental leave

  • New furniture
  • Childproofing
  • Additional use of washer/dryer
  • Additional food
  • Childcare
 

Baby Basics

Download and print this list of things your baby might need.

 

TD Personal Assessment

Let’s talk about how TD can help you figure out your finances.

Find a branch
 

If you’ve got the storage space, buy diapers in bulk. You’ll go through them so quickly that the savings will add up fast.

Work out your your parental leave budget before the baby comes.

 

Tax-Free Savings Account

A TFSA can be a great way to save in advance for additional expenses during parental leave.

Learn More
 
 

1http://www.theglobeandmail.com/globe-investor/personal-finance/smart-cookies/how-much-does-a-baby-cost/article1292653/