Oaken Blog

Welcome to the Oaken Blog!

Down payment rules for Canadian home buyers

April 23, 2018

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

March 16, 2018

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

7 tips to score great last minute travel deals

January 22, 2018

How many times have you heard someone bragging about the great deal they got by booking their trip at the last minute? And why can’t you find similar deals? Well, we’re about to give you seven tips that can help you find your own travel deals. But first, let’s clear up a little misconception about what … read more

5 tips to avoid getting phished in by email scams

March 21, 2017

The internet is a wondrous technological advancement that has made the world a smaller place, where virtually everyone is connected with everyone else. But the problem with the internet is that it has made the world a smaller place, where virtually everyone is connected with everyone else. In other words, even though you can now … read more

So, you want to be an Airbnb host

March 9, 2017

Perhaps you’ve heard how easy it is to earn a little extra cash by listing your spare room or vacant apartment on the Airbnb website. You might even know someone who has served as an Airbnb host, and you’re now thinking of trying it for yourself. That’s great. But before you go ahead and list … read more

5 tips for preparing your home for the market

February 21, 2017

As we discussed in an earlier Oaken Blog post, the Principal Residence Exemption (PRE) means that the proceeds from the sale of your main home are not subject to either income tax or capital gains tax. Even if you sell for considerably more than you paid when purchasing the property, you can pocket the proceeds … read more

Oaken to sponsor the Covenant House Guts + Glory Corporate Challenge

February 1, 2017

We’re pleased to announce our sponsorship of the 2nd annual Covenant House Guts + Glory Corporate Challenge, set to take place at the Mattamy Athletic Centre on Wednesday, February 8. Last year’s event raised $370,000 for Covenant House, and this year organizers are aiming for $400,000 in total donations. “We believe strongly in supporting community initiatives, … read more

Income splitting with a spousal RSP

January 18, 2017

If you intend to contribute to your RSP this year, you still have a few weeks to get in before the deadline of March 1. For the 2016 tax year, you may contribute up to 18% of your 2016 income, to a maximum of $25,370. As always, you can carry unused contribution amounts forward, thereby … read more

5 benefits of a high interest savings account

January 4, 2017

The High Interest Savings Account, or “HISA”, is often overlooked as a way to meet specific savings objectives. Which is understandable, as with so many ways available for savers to manage their funds, a humble savings account doesn’t seem to garner much attention. But keep in mind that a HISA is a unique form of savings … read more

What does Canada’s aging population mean for you?

December 1, 2016

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

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