Family - MoneySense

Family

Debt

Deep in debt with a baby on the way

Yes, raising a child is expensive, but a new baby is not a financial emergency—so avoid raiding your RRSP to cover the added costs.

Financial Planning

Having a baby? Update your financial plan

by Julie Cazzin

Financial Planning

The real cost of raising kids

The updated figures might surprise you

Taxes

Unpacking the new tax breaks for families

Missed Thursday’s announcement regarding new tax measures for families? Here’s what you need to know

Taxes

Who will benefit the most from income splitting?

Families with large income disparities making $60,000 or more will come out on top

Taxes

How income splitting landed on the agenda

by Jonathan Chevreau

News

Great Recession may result in 427K fewer babies

U.S. study cites profound effect on some womens’ lives

Retirement

‘Sandwich generation’ perks and pitfalls

You won’t be stuck in the middle forever so make the most of it

Budgeting

Average cost to raise a child in the U.S. tops $245K: Report

Not far off MoneySense estimates for cost in Canada

Shopping

How to fund a family vacation

The Goldmans have a mortgage, daycare bills and a savings plan.