Budgeting for Canadian Vacations

Average Canadian vacation costs: $3,000-5,000 per person for a week-long domestic trip, $5,000-8,000 for international (US or Caribbean). Breaking it down: flights (30%), accommodation (40%), food/activities (30%). A two-week Caribbean vacation for a couple averages $8,000-12,000.

Vacation Costs by Destination

• Cottage rental (Ontario/Quebec): $200-400/night (4 people)
• US cities (New York, Miami): $400-600/night + flights $200-300 each
• Caribbean all-inclusive: $300-500/night including food/drinks
• Mexico: $250-400/night + flights $300-500 each

Vacation Financing Strategy

Open a dedicated HISA earning 4-5% annual interest. Saving $300/month for 12 months = $3,600 + ~$75 interest = $3,675 vacation fund. This beats credit card debt (20% interest) or missing savings targets.