The idea of taking a sabbatical has a lot of appeal.

Whether it’s traveling, focusing on personal growth, spending more time with family, or simply stepping away to recharge, many Canadians dream of taking an extended break from work.

But as appealing as the concept may be, the reality is that few people take the time to run the numbers and determine if they can actually afford it. A sabbatical isn’t just an extended vacation—it’s a financial decision that requires careful planning.

Here are key factors to consider before making the leap:

1. Define the purpose and duration—The first step is understanding why you want to take a sabbatical and how long it will last. A three-month career break looks very different than a year-long leave. The purpose matters too—travelling across Europe will have a very different price tag than staying at home to care for family. By clearly defining your sabbatical, you can better estimate the costs and evaluate if it’s financially feasible.

2. Estimate the direct costs—Once you know your timeline and purpose, build a budget. That includes:

• Travel costs: Flights, accommodation, meals, insurance, and visas if........

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