HuffPost Canada closed in 2021 and this site is maintained as an online
archive. If you have questions or concerns, please check our
FAQ or contact
support@huffpost.com.
bank of mom and dad
Among parents with kids 19 and up, 35 per cent say they've covered the rent.
Everything from small cash gifts to down payments.
More than half of Canadians with adult kids say their children still depend on them financially.
And there are tax benefits.
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.
