Line 23600 for you plus your spouse or partner. This is net income, not gross pay.
Cost categories
Defaults are Canadian averages. Edit any value to customize.
Estimated first-year cost
$7,180
That's about $390/month in ongoing costs (plus $2,500 in one-time gear)
Cost breakdown
Canada Child Benefit (CCB)
Extra CCB this baby adds for a full July 2026 – June 2027 benefit year, at $72,000 adjusted family net income. CCB is tax-free and paid monthly. Shared custody, months of eligibility and provincial benefits change the amount; use the CCB calculator or CRA for your figure.
Where the money goes
Did you know?
Parental leave EI
EI pays up to $729/week for 35 weeks under the standard plan, or up to $437/week for 61 weeks under the extended plan.
Free RESP money
Contribute $2,500/year to an RESP and the government adds $500 through the Canada Education Savings Grant (CESG) — that's free money for your child's education.
Average first-year costs
There is no single reliable first-year cost for every family. Use your own estimates for supplies, childcare, health expenses, and income changes, then check current local prices and benefit eligibility.