Taking Care of Your Grandkids

Taking Care of Your Grandkids4 Things you can do to help your grandkids today Traditionally, inheritances have been passed on to the next generation, but as Canadians are living longer than ever, that train of thought is changing. Many people realize that if they live into their early 90’s, that means their kids will likely already be retired.  Because [...]

Your First Investment Property: Tips for Financing

Your First Investment PropertyGuest Post by Property Pillar Management. They provide residential and commercial property management in Winnipeg, Manitoba and surrounding areas. From small single family homes to apartment blocks to commercial spaces.   Buying an investment property in Canada is one of the best ways to diversify your assets. In addition to the promise of earning passive [...]

How to gift wealth to your adult children

I was reading the other day that the current cost of raising a child from birth to 17 is about $325,000. And yet, after all that we still want to gift them our wealth?!?! We must be crazy! But having had a child in the last year, I get it. There’s nothing a parent wouldn’t […]

Should I Help Pay for my Child’s University Education? (Part 3)

Paying for your child's education

Over the last few weeks, we’ve taken a look at some of the advantages and disadvantages of helping your child pay for their university education. I’ve received a lot of inquiries as to what the right balance is in regards to being supportive or not, so I figured I would share with you my thoughts […]

Should I Help Pay for my Child’s Education (Part 2)

Education Planning

Last week we reviewed some of the benefits of helping your child pay for their education, but today well examine some of the disadvantages of paying for their school. Or should we call it their party fund?  Your Financial Position In much the same way airlines tell you to put on your oxygen mask before […]

Should I Help Pay for my Child’s Education? (Part 1)

The cost of education is continually rising with an average tuition increase of 3.1% across Canadian universities for the 2017-2018 academic year. So should you be helping your child pay for their university education? In this three-part series, we’ll take a look at some of the advantages, disadvantages, and my recommendations when it comes to […]