Millennials’ dark financial fears

Far from having their heads buried in the financial sand, twenty– and thirty-something Canadians are feeling anxious, angry and scared about their futures. In December, we asked The Globe’s millennial readers to send us their biggest financial fears. More than 1,200 of them did. The answers varied but certain themes emerged: skyrocketing house prices, an […]

The Bank of Mom and Dad

The Bank of Mom and Dad is helping buoy up the Toronto housing market…. ‘Gift letters’ have become a common form of currency as young buyers struggle to save down payments.  Helping out the kids with a home purchase is not new. But the amounts being signed over have reached staggering heights in the GTA, […]

Leaving the cottage to family?

Plan ahead to deal with taxes if you want to pass your cottage to your children Sitting by the lake and watching the grandchildren cannonball off the dock might be the dream of many cottage-owning baby boomers. But handing down the cottage to those grandkids so that they might one day do the same can […]