Average Canadian allowance rates by age
According to national youth finance data published by the Financial Consumer Agency of Canada (FCAC), typical weekly allowance Canada amounts in Canadian Dollars (CAD $) follow these benchmark ranges:
| Age Group | Typical Canadian Allowance ($ CAD) | Expenses Covered |
|---|---|---|
| Ages 5–7 | $4.00 – $6.00 / week | Small treats, stickers, saving in a piggy bank |
| Ages 8–10 | $7.00 – $11.00 / week | School book fairs, trading cards, savings goals |
| Ages 11–13 | $11.00 – $16.00 / week | Snacks with friends, arcade trips, digital gaming |
| Ages 14–17 | $16.00 – $35.00+ / week | Clothing, entertainment, mobile data, transit fares |
Top Canadian apps & banking for kids
- Mydoh (Powered by RBC): Canada's premier reloadable Smart Visa card and financial literacy app for kids and teens. Allows parents to assign tasks, automate allowance, and monitor spending.
- Big Five Bank Youth Accounts (RBC, TD, Scotiabank, BMO, CIBC): Most major Canadian banks offer fee-free youth chequing accounts with Interac debit cards for kids aged 12+.
Canadian parenting tips for money management
- Utilize Interac e-Transfers: Easily automate weekly allowance payments via your online banking portal.
- Introduce sales tax awareness (GST/PST/HST): Remind Canadian kids that a $10 item at the store costs more at the register due to provincial tax.