Oaken Blog

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7 tips for the ultimate Canadian road trip

Canadian road trip
June 21, 2016

Perhaps it’s because we live in one of the world’s largest countries with an incredible range of vistas, or maybe it’s simply that Canadians have an inherent wanderlust. But an epic road trip is a rite of passage for many of us. Whether you long to follow the Sea to Sky Highway from Vancouver as … read more

Selling your US property? Beware the tax implications!

Canadians Selling US Property
June 10, 2016

If you’re one of the many Canadians who took advantage of the dramatic decline in U.S. property prices in the wake of the debt crisis a few years back, you’re likely now sitting on a sizable return on your investment. Property values have been rebounding south of the border, and with the gains the U.S. … read more

The case for taking CPP before 65

May 24, 2016

Following our earlier examination of the Canada Pension Plan and the factors that affect how your benefits are calculated, you may be left wondering if there’s a good argument for starting your CPP benefits before you turn 65. To help explore this, we’ll look at a scenario involving two individuals, Bob and Sue. Both are turning … read more

Understanding your CPP benefits calculation

May 10, 2016

All Canadian workers pay into the Canada Pension Plan, or the Quebec Pension Plan if residents of the province of Quebec. However, few have a clear picture of how much they’ll receive in CPP benefits once they retire, and fewer still understand how the benefit amount is determined. Here we’ll provide details on how your … read more

Rediscovering a passion for two wheels

April 27, 2016

One of the fastest growing demographics in the motorcycle industry is the over-40 set. With the kids now more or less on their own, and a little more disposable income available, older riders are taking to the roadways in greater numbers. In many cases, former motorcyclists are returning to the sport after a long absence … read more

Will Canada join the negative interest rate club?

Negative Interest Rates in Canada
April 11, 2016

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

March 23, 2016

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

How an extended absence impacts Canadian pensions and benefits

Extended Absence and Your Pension and Benefits
March 7, 2016

A couple of months back, we published a piece in the Oaken Blog outlining how the sharing of border information now makes it easier for U.S. and Canadian authorities to track how long travellers spend outside their home country. The article looked specifically at the implications for Canadians spending considerable time in the U.S., and … read more

7 tips to stretch your travel budget

7 travel trips
February 19, 2016

With the holiday season now long behind us, and several months yet until the busy summer travel season begins, we’ll soon be into what the travel industry refers to as the “shoulder season”. Running from April to mid-June, the shoulder season is a good time to look for travel bargains before prices rise, as inevitably … read more

RSPs, TFSAs and your retirement strategy

RSPs, TFSAs, and your retirement strategy
February 1, 2016

The Tax-Free Savings Account (TFSA) was frequently in the news during last year’s federal election campaign. TFSAs made headlines again when the newly-elected government followed through on its pledge to roll back the TFSA annual contribution limit. With the RSP deadline now looming, conversations are once again turning to TFSAs and the annual question of whether … read more

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