Man, newborns sure do poop a lot. I always knew that a lot of diaper changes would be required, but they go through diapers like they own stock in “Pampers“. Anyways, poop is not the topic of this post, it’s the financial business that must be carried out after a baby is welcomed into the world.
After speaking with a bunch of new parents and doing my own due diligence, here is a cheat sheet, step by step, for new parents. The list will help make sure the child gets their medical coverage, child benefits, and RESP account.
1. Apply for MCP/OHIP/Provincial Medical Plan
- You’ll need to fill out your provincial medical plan application form. In NL, this will require the MCP number from one parent.
2. Pick up their Birth Certificate
- Your local provincial government will have a local building for you to apply/pick up your child’s birth certificate. The child should be in their system but you’ll require photo ID. In NL, a birth certificate costs $20.
3. Apply for Child Benefits
- Upon being discharged from the hospital, they will probably provide you with some paper work to apply for child benefits. If not, you can find the paper work online. You’ll need a photocopy of the child’s birth certificate (front and back) to mail in with the application.
4. Apply for a Social Insurance Number (SIN)
- This is a federal program, so you’ll need to find your local federal office that handles SIN numbers. To obtain your child’s SIN, you’ll need to bring the child’s original birth certificate to the federal office, and complete the application there.
5. Open an Registered Education Savings Plan (RESP) Account
- Your child’s SIN will be required for the account application. We’re still waiting for the SIN number, but we will be opening a TD e-Funds account when the time comes.
Back to changing diapers..
Photograph by Raphael Goetter