Potential pet owners: Prepare for thousands in bills before bringing home a furbaby

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Potential pet owners: Prepare for thousands in bills before bringing home a furbaby
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The pandemic led to an increase in pet ownership, but did new pawrents plan ahead

In 2020 alone, Canadians spent over $5.7 billion on their pets, according to the Chartered Professional Accountants of Canada. That was an increase from $5.4 billion the year before, and it’s only climbing. And that’s not just from inflation.

An emergency visit alone can range from between $250 and $400, Brown-Bury says. Duncan has heard of young dogs needing abdominal surgery after eating a toy off the floor, and owners paying thousands of dollars as a one-time expense. That’s why pet owners may want to consider pet insurance, which Duncan and Brown-Bury both have for their pets.

“Some people don’t go to the vet until they’re sick,” Brown-Bury says. “That is going to cost you more money in the long run. If you’re going to annual exams, you’re going to catch things sooner.” Developing a good relationship with your vet can also lead to potential savings. Showing up regularly for events such as vaccines and checkups allows you to deveop a better relationship with your vet, who may be more inclined to help you out financially.

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