Oaken Update

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

Happy Holidays from your Oaken family

December, 2019

  The holidays are always a busy time. Whether preparing for the arrival of guests or searching for that final perfect gift, it’s easy to get caught up in the hustle and bustle that comes with this time of year. With all this last-minute rushing around, we can sometimes lose sight of what’s really important. … read more

TFSA contribution limit remains at $6,000 for 2020

Rubina Ahmed-Haq explains the basics of a Tax-Free Savings Account.
November, 2019

  The federal government recently announced that the Tax-Free Savings Account (TFSA) annual contribution limit will remain at $6,000 for 2020. For those who have already contributed the maximum to their TFSA, this new contribution headroom will come into effect on January 1. If you have questions about the TFSA program and how you can … read more

Financial Literacy Month is here again

A recent survey shows that the majority of Canadians feel they are not financially knowledgeable.
October, 2019

  November is Financial Literacy Month in Canada, so our recent Oaken Blog article talked about what this means, and how you can brush up on your financial knowledge. Read more here. Money tips for returning to work after maternity leave   As a follow-up to a previous Oaken Blog article, personal finance expert Rubina Ahmed-Haq … read more

Time to brush up on cyber security

October is Cyber Security Awareness Month.
September, 2019

  Learn how to protect yourself against online hoaxes and internet scammers, as we celebrate Cyber Security Awareness Month. Read more here. Ted and his thoughts on the changing workforce   The rise in the use of freelance job apps has led to tremendous growth in the “gig economy”. In this Saversodes video, Ted discusses … read more

Why more women should be planning their own financial future

Women risk their financial health when they leave long-term financial decisions to their spouse.
August, 2019

  A study from Swiss bank UBS shows that many women still leave long-term financial planning to their partner. In this Oaken Blog feature, personal finance expert Rubina Ahmed-Haq discussed why women need to do more to plan for their future. Read more here. Talking money with your Gen Z kids   Look out Millennials … read more

Answers to some of the most common questions about GICs

Check out these 10 commonly asked questions about GICs and how to incorporate GICs into your savings plans.
July, 2019

  Not sure how you can include GICs to help achieve your financial goals? Check out these 10 commonly asked GIC questions. Read more here. Are women better investors and savers?   In this second article in our “Women and Finance” series, Rubina Ahmed-Haq debunks the myth that men are naturally better savers and investors … read more

Many happy returns, Canada!

June, 2019

  It’s that time of year again! July 1 is just around the corner, so we want to wish all our Oaken customers and friends a happy Canada Day. As our country turns 152 years old, we have a lot to be proud of and thankful for, so there’s every reason to celebrate. To get … read more

Oaken wins again!

May, 2019

  Ever since Oaken first came on the scene, we have won recognition several times in various places for having the best GICs and savings account in Canada. And we’re proud to say that we have recently been recognized once again. Ratesupermarket.ca, one of Canada’s leading personal finance websites, reviews banking products and credit cards across the … read more

Introducing Saversodes!

April, 2019

  There’s nothing more refreshing than hearing genuine stories from real people about the things that matter most. So if saving is something that matters a lot to you, you’ll want to check out our new YouTube channel, called Saversodes. Saversodes is a compilation of odes to saving, and other topics related to saving—by savers, … read more

What’s new in taxes?

March, 2019

Here we are once again, folks—tax time (ugh!). The deadline for filing your 2018 return is Tuesday, April 30. Unless you’re self-employed, in which case you have until June 15. As always, there are changes to the code this year, and we’ve compiled an overview of new rules most likely to be of interest to … read more