Have you ever considered making a significant financial gift to your children, grandchildren or other family members, perhaps on the occasion of their wedding or to help them financially so they can move into a place of their own? In the CIBC Gifting Poll, 76% of Canadian parents of an adult child say they'd give their child a financial boost to help them move out, marry or live with a partner, with nearly half of them (47%) giving monetary gifts of $24,000 per gift on average. Interestingly, 65% of parents also said they would rather give their children financial gifts than have their children (and their children's spouses or partners) live with them.
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