TFSA contribution limit remains at $6,000 for 2020
The federal government recently announced that the Tax-Free Savings Account (TFSA) annual contribution limit will remain at $6,000 for 2020. For those who have already contributed the maximum to their TFSA, this new contribution headroom will come into effect on January 1. If you have questions about the TFSA program and how you can use a TFSA to help you achieve your savings goals, be sure to read this Oaken Blog article by well-known personal finance expert Rubina Ahmed-Haq. Read more here.
Oaken Financial’s Minutes2Money Contest
If you haven’t signed up yet to play Oaken’s Minutes2Money Contest, you still have time to enter for your chance to win the grand prize of a $5,000 GIC! There’s also two runner-up prizes of a $1,000 GIC. Click here for full contest details: (https://www.oakenminutes2money.com/main).
Dave on the joys of simplicity
Dave gives us much to think about in our latest Saversodes video, and he learned long ago that happiness is not simply about accumulating a lot of possessions. Now retired and enjoying his time working with young people and refereeing basketball, Dave explains that living a “simple” life does not mean living a diminished lifestyle. Read more here.
Money rules I live by
Barry Choi learned many lessons on the path to becoming an authority on personal finance matters. In this Oaken Blog feature, Barry shares some of the most important rules he’s learned along the way and explains why these lessons continue to serve as the money rules he lives by. Read more here.
6 ways to start saving on your monthly bills
When looking for ways to save on your monthly expenditures, don’t forget to also consider what you’re spending on those regular bills you get each month. Things like cable services and phone bills may not change from month to month, but that doesn’t mean that you can’t find ways to save a little on these costs as well. Read more here.