Our Living Richer Wealth Management team works with clients to help them navigate many different life transitions, and there are few things more life changing than becoming a parent.

This week, I’m happy to welcome Carolina Da Silva, a Living Richer team member and expectant mom, to discuss all the things you need to know, and do to prepare financially for this new beginning.

In this episode we’ll cover:

• Details on government benefits, who can qualify and how to get them.
• What you need to know about your health benefits from work.
• Budgeting for a new baby and how to prepare in advance.
• How to save money by getting free stuff and store discounts.
• Understanding how daycare costs may impact your planning.
• Estate and life insurance planning.
• Education planning through an RESP.

If you are expecting a baby or even thinking about starting a family, don’t miss this episode!

Resources:

Parental Leave Benefits

Canada Child Benefit

CRA Guide to Child and Family Benefits

The Ultimate First Year Baby Budget

What to Expect When You’re Expecting Blog Post

Five Ways to Prepare Financially for a New Baby Blog Post