(Interest from savings accounts and other bank accounts is taxed as income, not capital gains.) That term also differentiates a standard brokerage account from tax-advantaged retirement accounts, like an IRA or a Roth IRA. These accounts also allow you to invest, but with money specifically designated for retirement.
1 The cost of daycare can vary greatly from state to state and city to city. 2  Generally speaking, the busier the area, the more expensive the daycare rates will be. 3  According to babycenter, day care costs can average anywhere between $250 and $1200 per month. 4  The average national monthly cost of child care is $611.
A healthy kid doesn't mean high costs. The daily cost of daycare ranges from $7 in Quebec to $20 in Manitoba, to about $70 in some provinces, Giesbrecht said, so it is not uncommon for families to spend close to $20,000 a year on daycare.Doreen Cowin, executive director of the Child Care Providers Resource Network, echoed Giesbrecht's views.tâs a household issue.' â Nora Spinks, CEO of the Vanier Institute of the Family. The Fraser Institute says it's never been easier financially to raise a child in Canada, with the annual cost much lower than many believe, a finding criticized by some who argue the think-tank fails to account for the cost of daycare.