Oaken Blog

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Using rental income to support your retirement

October 4, 2016

Earning rental income to supplement other retirement proceeds is an approach that’s been used successfully by many retirees. Certainly, the prospect of an additional source of steady revenue is highly attractive. But it is not as simple as just sitting back and watching the rent cheques roll in. There’s much to consider before putting a … read more

Volunteering vacations: how to give back by getting away

September 15, 2016

We’ve all heard the old expression that it’s better to give than to receive. So the chance to “receive” a rewarding vacation adventure, while at the same time giving much needed aid and assistance, is a rare opportunity. For a growing number of Canadians, a volunteering vacation is the perfect way to experience a unique … read more

Home Bank Q&A with our EVP of Deposits

August 31, 2016

Home Trust Company (“Home Trust”) recently announced the creation of Home Bank, along with some other minor changes for Oaken Financial. In this Oaken Blog post, we asked Benjy Katchen — Executive Vice President of Deposits & Consumer Lending at Home Trust — to tell us more about Home Bank, and the additional enhancements introduced … read more

5 other things that you can do with an RSP

5 things you may not know about RSPs
August 10, 2016

For those building wealth for retirement, a Registered Savings Plan (RSP) is a tried and true foundation relied upon by many savers. There’s good reason for this, as an RSP provides many advantages. But while most of us already know the merits of contributing to an RSP, fewer know of the other potential ways in which … read more

Should you consider a reverse mortgage?

July 14, 2016

For those Canadians approaching retirement age, with less than adequate savings in the bank but the good fortune to own a home, temptation has never been greater to consider the much-hyped reverse mortgage. Reverse mortgages are typically portrayed as a no-risk means of accessing the equity in your home, and using that money to help … read more

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