- Apply for the Canada child benefit. It is a monthly, tax-free payment for eligible families. You can often apply when you register the birth.
- Open an RESP. Starting early gives savings more time to grow. See our RESP guide.
- Update your budget. Add new costs like childcare, diapers and clothes.
- Review your life insurance. A new child usually means your family would need more if something happened to you. Use the family calculator to check.
- Update beneficiaries. Check who is named on your life insurance and registered accounts.
- Make or update your will. Name a guardian for your child.
Learn more from the Government of Canada
This guide is general education, not personal advice. Rules can change, so check the official sources above.