Smart Move: 5 Financial Reasons Dads Should Take Parental Leave in Canada

Are you a dad or soon to be dad, and debating if you should take parental leave? In this video, I’ll be talking about 5 financial reasons dads should take a parental leave when their baby is born. I’m speaking from personal experience being a dad to two kids and taking parental leave in two separate instances to care for both of them. I ended up taking 2 months off when baby #1 was born and 8 months off when baby #2 was born. It’s time I could never buy back and I enjoyed every minute of it. Taking parental leave as a dad is not just about what financial benefits you get when you're off but also all the costs and headaches you can avoid down the road from living a more happy and fulfilling life together as a family. I’m happy to say that even though I took two parental leaves, we’re still on track to retire before 40. 00:40 Reason #1: Maximize Employment Insurance Benefits 01:46 Reason#2: Maximize Employer Benefits 02:26 Reason#3: Expedite Post Partum Recovery for Mom 05:40 Reason#4: Reduce likelihood of getting a divorce 07:58 Reason#5: Live and Embrace Fatherhood Free E-Book: How to reach Financial Independence and Retire Early for Young Canadians in 10 Steps by Steven Trieu https://youngvestors.ca/free-resources/ Free Online Course: Millionaire Roadmap for YoungVestors In 6 easy to understand modules, you'll learn how to determine your savings goal to reach early retirement and build an investment portfolio using index funds to grow wealth even when you're sleeping. https://youngvestors.ca/courses/ DISCLAIMER: This video is for entertainment purposes ONLY. I am not an Investment Advisor. You (and only you) are responsible for the financial decisions that you make. Always consult an Investment Advisor before making investment decisions