Oaken Update

News, investment tips, events and promotions – you’ll find it all in the Oaken Update!

A year-end TFSA gift awaits you!

November, 2018

Although there hasn’t been any official announcement as yet, it’s expected that the annual contribution limit for TFSAs is about to go up. If so, it will rise to an amount of $6,000 in 2019, which is an increase of $500 from recent years. This means that as of January 1, 2019, the total contribution … read more

It’s time to brush up on finance again

October, 2018

November is Financial Literacy Month (FLM), and here at Oaken we’re all prepped. Financial literacy is a key skill that has garnered a lot more attention in recent years. Recognizing that many Canadians have a limited understanding of basic financial concepts, the federal government launched this program in 2012, under the leadership of the Financial … read more

October is Cyber Security Awareness Month

September, 2018

Every year in October, countries around the world band together to promote Cyber Security Awareness Month, in recognition of the global nature of online threats. Security is a top priority for us at Oaken, so we’re glad to support this campaign, which features a different theme every week. Week 1 kicks off with “Our Internet, Our … read more

A financial tune-up for fall

August, 2018

As we get ready to close up the cottage, clean off the barbeque and say farewell to summer for another year, now is also a good time to start thinking about personal finances. Many people let their finances coast during the summer months. There’s even that famous saying in investing: “Sell in May and go … read more

Making the most of Vitamin D season

July, 2018

Summer is all about sunshine, and as we all know, that also means Vitamin D. The best source for Vitamin D is the sun, and receptors for the vitamin are found throughout your body. The amount of Vitamin D in your body varies not only by season, but also by time of day, geographic location … read more

Looking for a travel destination? Try Canada!

June, 2018

Much as we’re a country shaped by winter and the north, there’s probably no better time to see Canada than during the summer. And given that our nation’s birthday is just around the corner, we felt it appropriate to give our home-sweet-home a bit of a tourism boost. So here are some suggestions for getting … read more

Farewell taxes, hello portfolio review

May, 2018

Now that tax season is behind us, you hopefully have a bit of free time to review your finances and look over your portfolio. One thing you may want to think about is whether or not you need to consolidate existing accounts and investments to make managing them simpler, or whether to add new ones … read more

Our savings account is going paperless

April, 2018

We’re always striving to improve the experience our customers have with us, and providing them with more convenience and choice is often at the core of this. With that in mind, we’ve recently made some enhancements to Oaken Online Banking which will make managing investments even easier. Of particular note is that this now enables … read more

Time to get that garden ready!

March, 2018

With the winter weather now almost behind us, gardening season is just around the corner again. So for enthusiasts who can’t wait to get a jump on greening the back (or front) yard, here are four tips for early preparation: 1. Inspect your property. In some parts of the country, snowfall has been heavier than … read more

TFSAs are always in season

February, 2018

Thursday, March 1 is the deadline for RSP contributions that you can claim on your 2017 tax return. And with the RSP season now coming to a close, it’s time to shine the spotlight on that other kind of registered account that should probably be in your portfolio, namely TFSAs.  TFSAs are a whole lot … read more