COVID-19 Update: Contacting us COVID-19 – The health and safety of our customers and employees is a top priority...learn more

COVID-19 Update: Contacting usCOVID-19 – The health and safety of our customers and employees is a top priority...learn more

Plenty of articles to choose from

article-image

Why women need to save more for retirement

Saving for retirement is something we start hearing about as soon as we get our first full-time job. If your employer offers a workplace pension, contributions may be taken from your pay automatically. If you’ve paid off any outstanding student loans, you may have the extra funds to start thinking about saving money for when...read more

We’re pleased to welcome Rubina Ahmed-Haq as a writing contributor to the Oaken Blog. Rubina is a highly regarded personal finance expert, and provides her thoughtful commentary for media outlets including the CBC and Global News. Rubina also writes for several magazines, and has her own website at alwayssavemoney.com. We’re especially excited to announce that...read more

article-image

Downsizing for retirees

There are many key milestones in life: that first job, marriage, the birth of a child – even retirement. These events all bring about changes, and can lead to lots of questions. For those actively saving and planning for retirement, these questions are typically along the lines of “how much money do I need to...read more

article-image

Is early retirement just a dream?

Back in the 1980s, one of Canada’s biggest insurance companies launched an advertising campaign to promote the idea of retiring at the age of 55. It was a very clever marketing strategy, and became hugely popular. As Canadians of a certain generation will readily attest, the magic number of 55 soon lodged in people’s minds...read more

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

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

article-image

Income splitting with a spousal RSP

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

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