Statistics Canada Says Raising One Child in Canada Costs $293,000. For Higher-Income Families, It's $403,910 - Before University. Here's What the Number Actually Includes. Statistics Canada's 2023 household expenditure data, the most current available, calculated that a middle-income, two-parent family with two children spends approximately $293,000 raising one child fr... CCB Canada Canada2026 FamilyFinance RESP