Go to Main Content

Advertisement

By Special to MoneySense on August 21, 2014
Estimated reading time: 1 minute

Tooth fairy pays most in the Maritimes, skips Quebec

By Special to MoneySense on August 21, 2014
Estimated reading time: 1 minute

Kids get 19% more out East

Advertisement

The Canadian Press

TORONTO – If you’re a kid in Atlantic Canada, here’s a reason to smile. According to a new survey, the tooth fairy is paying a premium for baby teeth in the Maritimes and Newfoundland. At $3.46 a tooth, it’s 19 per cent higher than the national average of $2.80. Even better, 35 per cent of respondents in Atlantic Canada said their children found $5 or more per tooth under their pillows in 2014. Quebec children were the least likely to get a visit from the tooth fairy — 13 per cent received no money for their lost teeth. For those who did, $2.06 was the average rate. The findings are from a telephone survey of approximately 1,000 households with children under age 13 conducted for Visa Canada. The company is promoting the launch of an online financial calculator that allows children and parents to compare their earnings with other children from similar households in Canada. Ontario reported the second-highest going rate for baby teeth at $3.21 apiece. “Generally, kids are doing really well,” said Visa spokesperson Michelle Michalak. If kids in Atlantic Canada and Ontario save the funds, by the time they lose all 20 baby teeth they will have stashed away $69 and $64 respectively. “Every little bit adds up, so really it is an opportunity to talk to kids about managing their money,” said Michalak. The average in the Prairies was $2.43 per tooth, but 55 per cent could expect to receive up to $5. In British Columbia, children got an average of $2.47 per tooth. The poll was conducted for Visa by GfK Canadian Omnibus Service and had a claimed margin of error of plus or minus three percentage points.

Comments Cancel reply

Related Articles

A maintenance worker outside the Bank of Canada building on Wellington Street in Toronto

Bank of Canada lowers key interest rate by 0.5%

On Wednesday, the central bank announced a jumbo rate cut—its fifth cut in a row since June—and signalled a...

Bank of Canada lowers key interest rate by 0.5%

Canadians turn domestic for holiday travel

A weak loonie is discouraging U.S. trips, as extra flight capacity north of the border pushes domestic prices down....

Canadians turn domestic for holiday travel

A Canada Post truck on a snowy street in front of an apartment building

Canada Post is still delivering some mail—find out what and when

Volunteers from CUPW will deliver some government cheques during the strike, such as CPP, OAS and the Canada Child...

Canada Post is still delivering some mail—find out what and when

Shoppers on Sainte-Catherine Street in Montreal on Black Friday

What’s included in Canada’s GST holiday—and how not to overspend

The temporary tax break will save Canadians money, but financial experts caution shoppers to do the math and avoid...

What’s included in Canada’s GST holiday—and how not to overspend

Canadian bank earnings reports

Canada’s Big Six banks are releasing their quarterly earnings. Here’s what they said this week.

Canadian bank earnings reports

These companies have laid off Canadian workers in 2024

Which companies have laid off employees in Canada? This is what we have so far.

These companies have laid off Canadian workers in 2024

Donald Trump onstage at a bitcoin conference in Nashville

Bitcoin tops USD$100,000 for the first time

Bitcoin has soared into six figures as the post-election rally continues. What’s next for the digital currency?

Bitcoin tops USD$100,000 for the first time

Food inflation: Canadians to spend $801 more on food in 2025

Food prices are likely to increase by 3% to 5% in 2025, but wild cards like climate change and...

Food inflation: Canadians to spend $801 more on food in 2025

Tired of bank fees? How to avoid the most common ones

Chequing account fees can go unnoticed and add up over time. Follow these tips to avoid them and find...

Tired of bank fees? How to avoid the most common ones

How to recognize delivery scams during the holidays and Canada Post strike

Delivery scams are on the rise amid the Canada Post strike and holiday shopping season. Here’s how to identify...

How to recognize delivery scams during the holidays and Canada Post strike