Oaken Update – November, 2019

TFSA contribution limit remains at $6,000 for 2020

Rubina Ahmed-Haq explains the basics of a Tax-Free Savings Account.


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

Adopting a simpler approach to living has its rewards.


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

Read the latest from financial expert Barry Choi in the Oaken Blog.


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

Check out these ideas for how you can save on your monthly budget.


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.

The information, materials and opinions contained in this Blog are provided for your information only. This Blog does not constitute legal, financial or other professional advice and you should not rely on it as an alternative to specific advice based on your particular circumstance.

This blog contains links to third party websites. These links are provided for information and convenience; Oaken does not endorse the content of any third party website, and it makes no representation or warranty as to the information on such third party sites. By clicking on any link to a third party site, you leave Oaken’s website and do so at your own risk.

Oaken disclaims all liability for any damage or loss that results from your access to or reliance on information contained in this Blog or any third party site.

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