Financial Planning

The top expenses that couples face, from casual dating to the wedding day, and how advisors can help

By IE Staff |

Toronto-based RateSupermarket.ca's 2016 Cost of Love study, which crunches the costs associated with a one-year dating period, one-year engagement and the average Canadian wedding, finds the price of romance has increased to $61,821.60, up by 22.8% from last year.

Specifically, the cost of travel and dining out — exacerbated by the Canadian dollar's recent tumble to about US70¢ — account for a greater portion of the dating budget this year, according to the study.

Here's what your clients need to know about the rising costs related to dating and getting hitched.

The cost of love

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The cost of love