Home / Forums / Advice & Chat / Do I give money to my siblings from an apartment in my and my sister’s name? / Reply To: Do I give money to my siblings from an apartment in my and my sister’s name?
Thank you all for taking time out of your day to respond! You all really helped put my mind at ease, not feel like trash for being hesitant about what to do, and make a plan on what to do for the kids.
They are quite young, so it will be a while until they graduate, so until then, we are going to open a TFSA (closest Canadian equivalent to a Roth-ira) and put in 3000 each for them to receive when they graduate high school. (It won’t be just sitting there, we will put it into an index fund which will grow with them and inflation.)
I really appreciate you all, and I hope you all have a wonderful week.