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More than half of Canadians with adult kids say their children still depend on them financially.
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And there are tax benefits.
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Our kids are often most receptive to advice when it starts at home. The best time to begin is now. For example, even preschoolers are ready to start thinking about finances. If they know mommy or daddy goes off to work, they can understand why -- the answer is to earn money.
TORONTO - If past practice is any indication, the majority of post-secondary school students will likely run out of money before the school year ends - and end up turning to the Bank of Mom and Dad fo...
With house prices soaring, at least in Toronto and Vancouver, you'd expect first-time home buyers to be having an ever-harder time breaking into the housing market. And the data does show that afforda...
The bank of Mom and Dad is playing a larger role in helping Canada's first-time homebuyers put together a down payment. That’s one of the findings of a survey of the residential mortgage market ...