Oaken Financial stores are temporarily reducing hours effective Jan. 11, 2022...Read more

Oaken Financial stores are temporarily reducing hours effective Jan. 11, 2022...Read more

Plenty of articles to choose from

From small vehicle repairs to missed closing costs on my first home purchase, an emergency fund has completely transformed how I look at money. According to a 2019 article published by the Chartered Professional Accounts Canada (CPA), one in every three Canadians lives paycheck to paycheck. This means that if one of these individuals were...read more

article-image

Breaking down the 50 / 30 / 20 Rule

It’s human nature to seek an easier way to deal with a complex task, and for many people, developing and managing a personal budget can qualify as a challenge. This explains why there are so many budgeting approaches out there intended to help you better manage your money. Some, like the “envelope system” for instance,...read more

article-image

How a GIC can help you save

When it comes to investments, diversification is key and the saying “don’t have all your eggs in one basket” is as true today as when it was first coined. Savvy investors understand the need for diversification and they make sure to have their money in a range of products and holdings. When it comes to...read more

You could easily argue that money management is the hardest thing to take care of when trying to get your finances in order. With so many expenses and different saving goals, how exactly do you ensure that you have enough money for everything? I personally find that having multiple savings accounts is the easiest way...read more

article-image

TFSAs and your retirement

When Canadians turn their thoughts to retirement savings, it is the Registered Retirement Savings Plan (RRSP) that typically first comes to mind. This is understandable as the RRSP program dates way back to 1957 and remains a popular way for Canadians to build their retirement savings. One of the primary features of an RRSP is...read more

article-image

How I’m making my TFSA work for me

On January 1, 2009, the Canadian Government introduced Tax-Free Savings Accounts (TFSA). The concept was “simple”; every year, any individual who is 18 years old or older and who had a valid Social Insurance Number could contribute/invest a set amount of dollars. For the first year, the maximum allowable contribution was $5,000. I put simple...read more

article-image

Tax Free Savings Account: The basics

The Tax-Free Savings Account (TFSA) turned ten this year and since 2009 everyone in Canada over the age of 18 and who has a valid social insurance number (SIN), is eligible to open a TFSA. However, despite being around now for a full decade, many Canadians still don’t understand how a TFSA works and how...read more

Categories

Select one of the categories below to read more about what interests you the most.

category-icon

Saving strategies

category-icon

GIC

category-icon

Retirement

category-icon

Travel and lifestyle

category-icon

Bank of Canada

category-icon

Saversodes

category-icon

All articles