A Head to Head Comparison
Costly Child HK VS Canada
As the cost of raising a child in Hong Kong becomes astronomical, parents are looking abroad. They know people in other countries seem to get top notch education, excellent healthcare and a superior quality of life at a much lower cost. But how much lower?
| Hong Kong | Canada | |
|---|---|---|
| The approximate cost of raising a child from birth to college graduation: | Averages about CAD $960,000* HKD $5,538,000 | Averages about CAD $253,000† HKD $1,472,887 |
| Pregnancy Costs: Routine Prenatal Care visits, Ultrasounds, Hospital childbirth, Maternal Care during and after birth | HKD $10,000 - 150,000 | All Covered by Canada Public Healthcare System |
| Domestic Helper / Child care, Medical Care, Food, Clothing, Travel, and Regular Vacations | HKD $21,000 /month | HKD $5400 /month Canada families are entitled to Child benefit and 18 months Maternity & Parental Leave |
| Playgroups / Pre-School Prep. Class | HKD $3,000 - 7,000 /month | Canadians are entitled to 9 years of free education in a English speaking, high-quality education system. |
| Private/Semi-private Kindergartens | ||
| Elementary School | ||
| High School | ||
| Extra-Curricular Classes/Activities | HKD $3,700 - $20,000 /month | |
| Special Exam Classes | ||
| Tutoring Sessions | ||
| Overseas Study Tours / Camps | ||
| International School | HKD $15,000- $25,000 /month | The education is popular with international students; Canada is an education destination. |
| If sending kids abroad for education | HKD $1,000,000 † | |
| Housing costs - Extra bedroom | HKD $2,000,000.00 | The cost of a small extra bedroom in Hong Kong can secure a home in a quality neighbourhood in a world-class city. |
Summary
You’ll need at least HK$ 6,000,000 to raise a child in Hong Kong (at current prices; inflation not included).
Hong Kongers are looking for better and less costly alternatives for their children. Having a Child Is Expensive No Matter Where You Live, But It’s Far Cheaper in Canada!
*Source: The Wall Street Journal
† Source: https://www.greedyrates.ca
What you can do for the cost of raising a child in Hong Kong?
For the cost of raising a child in Hong Kong, you can:
- Secure an English language, higher quality, lower stress education designed for the 21st century.
- Access world class healthcare for your entire family.
- Use the excess funds to invest in your own business.
- Upgrade the lifestyle of your whole family.
- Spend quality time with your family
Our Team
Contact our specialized consultants today. From our first meeting to years after you settle, Halcyon Counsel is there to ensure you and your family have the best start in your new home.