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How to say no to adult children who ask for money
It’s always hard to say ‘no’ to your kids, from when they’re little and want one more bedtime story to when they’re adults looking for help to pay the rent, buy a car or purchase their first home. With less job stability, the rising cost of living and skyrocketing rent and housing prices, it’s no wonder so many millennials and Gen Z adults are turning to the ‘bank of mom and dad’ for financial support.
Job-hopping your way to better pay
If your paycheque needs a little oomph, now may be the time to look for a new gig. Changing jobs is always a chance to ratchet up your compensation, but the current labour market may be a historical opportunity to net a big pay bump.
Is private school the right financial decision for your family?
When it comes to deciding whether or not private school is the right choice for your child, parents may be overwhelmed by the financial considerations. Financial experts say that the smart way to evaluate this choice is to look at it from a holistic and long-term perspective.
Why the 4-per-cent rule is too simplistic for modern retirement planning
For almost three decades, many investors and financial professionals have looked to the “4-per-cent rule” as a rough guide for how much money they would need to withdraw from their portfolios annually to retire comfortably.
Why many business owners are contemplating an exit
A recent Statistics Canada survey of almost 17,000 business owners found that about 3 per cent have plans to transfer or sell their business within the next year, which translates into hundreds of deals across the country based on the sample size alone.
‘It’s never too late’ to fight off risk of dementia as you age
There are 564,000 people in Canada with dementia, the broader category of cognitive impairment that includes Alzheimer’s disease, according to the Alzheimer Society of Canada. Every year, 78,600 new cases are diagnosed, according to a national dementia strategy released by Health Canada in 2019.
A guide for seniors trying cannabis for the first time, a fascinating look at the menopausal brain and a Footloose-inspired protest from a group of Newfoundland seniors
It’s been nearly three years since Ottawa legalized the recreational use of cannabis and one of the big surprises has been just how many seniors are utilizing pot products for health reasons — or just plain fun.
What role do the most financially secure citizens have in addressing wealth inequality?
MoneySense partners share their answers to questions that we hope will inspire and inform Canadians about their personal finances.
Single seniors group cries foul on tax rules
Advocates says women are disproportionately affected by financial rules.
The best way to bid on a house
As provincial regulators look around for a quick way to squirt some cold water on the sizzling hot housing market, the bidding process — called blind bidding — that encourages aggressive bids is coming under scrutiny.