Category: Canada government

The benefits of medical cannabis

With the passing of the Cannabis Act (C-45) earlier this year, Canada now joins Uruguay as only the second country in the world to allow its citizens to use recreational cannabis. For the activists who have been pushing for this change, this has been a long time in the making, and comes at a time … read more

Giving while living: a new approach to transferring wealth

There are many things to consider when planning the transfer of wealth within families. And while Canada doesn’t have an inheritance tax, there are still other fees and taxes that could substantially reduce the value of your estate. One option available to minimize these costs is to “gift” a portion of the assets you intend … read more

Down payment rules for Canadian home buyers

Down payments were introduced to provide stability to the mortgage market, and are a mandatory for all mortgages in Canada. In this Oaken Blog post, we’ll take a look at what you need to know about down payments when purchasing a new home. We’ll also review how the minimum down payment is calculated, as well … read more

Challenges facing the mature student

The number of older students returning to school has increased in recent years, as more workers are finding it necessary to upgrade their skills in order to adapt to rapid changes in the workplace. New technologies and updated practises have combined to impact not only how we carry out our job-related tasks, but also the … read more

What does Canada’s aging population mean for you?

In late 2015, Canada recorded an ominous milestone. For the first time, there were more Canadians over the age of 65 than under the age of 15. This aging of the Canadian population is the result of the Baby Boomer generation (defined as those born between 1945 and 1965), and its significant membership winding down their … read more

Will Canada join the negative interest rate club?

Negative Interest Rates in Canada

In discussing its recent decision to hold the benchmark lending rate steady at 0.5 percent, Bank of Canada Governor Stephen Poloz did not rule out the possibility of implementing a negative interest rate if the economy doesn’t show increased strength in the coming months. While Canada has never adopted a negative interest rate before, the … read more

2016 federal budget highlights

The 2016 federal budget released on Tuesday afternoon (March 22) introduced a number of changes, but little that would be considered a shocker. Billed as the “infrastructure” budget, $120 billion over the next ten years was committed to public transit, waste management and social housing. Even the projected deficit coming in at $29.4 billion was … read more