Oaken Blog

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Will rising healthcare costs put your retirement at risk?

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January 4, 2016

You’ve diligently saved for the day when you can finally leave the daily grind behind. You’ve crunched the numbers, and are on track to have the funds you figure you’ll need to afford the retirement you’ve been promising yourself your whole working life. Good job. But are you sure you haven’t missed something critical in your … read more

Capital gains and your principal residence

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December 15, 2015

Like most homeowners, you likely chose your particular house based on a desire for certain features, such as a two-car garage or backyard pool, as well as the more practical issues of price and location. Sure, you hoped and even expected that the property would increase in value over time. But few actually base their … read more

Ottawa to change mortgage down payments in new year

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December 14, 2015

On Friday, Finance Minister Bill Morneau announced that Ottawa intends to increase the minimum down payment requirement for some new home purchases early in the new year. In order to qualify for Canada Mortgage and Housing Corporation (CMHC) mortgage insurance, as of February 15, 2016, down payment requirements will increase from 5% to 10% for the … read more

Finance Minister Bill Morneau confirms TFSA roll back

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December 8, 2015

There was no mention of reducing the annual TFSA contribution in last Friday’s throne speech, however Finance Minister Bill Morneau confirmed the following Monday (December 7) that the $10,000 annual contribution limit would be rolled back to $5,500. In an interview with CBC Newsworld on Monday morning, Morneau stated that the $10,000 limit would remain … read more

Enhanced border tracking helps IRS target Canadian snowbirds

Enhanced border tracking helps IRS target Canadian snowbirds
November 26, 2015

If you’re one of the thousands of Canadians who spend long stretches of time in the U.S. each year, you need to keep the number 183 in mind. Here’s why. In 2011, Canada and the U.S. agreed to the Perimeter Security Pact, which ties together the entry and exit data of the two countries. This … read more

Five things you need to know about RIFs

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November 9, 2015

For every Canadian with a registered Retirement Savings Plan (RSP), an important event looms on the horizon – converting your RSP into a retirement income source. If not done earlier, you’ll be forced to convert your RSP by December 31 of the year you turn 71. At this point, you’re probably asking two questions: “what … read more

Strategies for investing in GICs

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October 15, 2015

Re-balancing portfolio asset classes Financial advisors recommend an investment portfolio balanced with equities such as stocks or mutual funds, together with fixed income instruments including bonds and GICs. Generally speaking, equities are considered higher risk than fixed income as equity values fluctuate depending on market conditions. Fixed income securities, as their name implies, produce a … read more

Using GICs to supplement your savings

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October 15, 2015

Using GICs to save for specific goals Saving for a long-term objective requires you to balance the protection of the principal, with the ability to still generate an acceptable return rate. As noted last week, GICs offer safety together with guaranteed returns making them ideal for helping you save for a future goal such as … read more

GIC basics for the Canadian investor

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October 15, 2015

Are you interested in learning how GICs could be incorporated into your portfolio, but confused by how they work? Are you unsure how to find the best GIC rates, or even if it makes sense for you to invest in GICs at this particular time? If this describes you, then this 3-part series of posts … read more

Financial Literacy Month – count yourself in!

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October 15, 2015

We understand that sorting through all the investing possibilities out there can be overwhelming. With so many choices available, how can you be sure you have chosen the best strategy to suit your needs? Well, like so much else in life, arming yourself with the best information possible is a good way to start. That’s … read more

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