Oaken Update

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

Tax season can also be scam season

April, 2016

If you’re like most Canadians, you’ve probably paid your 2015 taxes by now. (And if not, it’s time to hurry—the deadline is April 30!) That means you can completely forget about them until next year, right? Well, not quite. In the past few years, Canadians have been targeted by a new scam that involves taxes. … read more

Booking an appointment with us is now even easier!

March, 2016

Spring is just around the corner, and that means warmer weather and lots of growth. Oaken is continuing to grow too. This month we launched a great new website feature that for some will make interacting with Oaken easier than ever. Now you can book an appointment for both of our Toronto and Calgary stores … read more

RSPs—there’s still (a little) time!

February, 2016

With February coming to a close, we’re heading down to the wire for RSP contributions. Here are three key things to bear in mind before this coming Monday rolls around: Key date The deadline for contributing is always 60 days into the new year. But because 2016 is a leap year, that means your last chance … read more

It’s TFSA time again!

January, 2016

If you’ve been rattled by the markets recently, you’re not alone. 2016 has seen one of the worst openings in history for equities around the world. And when you add in the declining dollar and the collapse in oil prices, it has been an especially brutal January for Canadian investors. Nonetheless, there’s hope amidst the … read more

Happy holidays from the busy squirrels at Oaken!

December, 2015

It has been a year full of milestones for us here at Oaken—and a very busy one, too. From opening new stores to enhancing our online offering, we’ve worked hard to bring you the very best in convenient and friendly savings. We’re proud of our efforts, and we hope they’ve made a difference for you! … read more

Snowbirds on the radar

Enhanced border tracking helps IRS target Canadian snowbirds
November, 2015

If you’re a Canadian who spends a lot of time in the United States, you’re probably aware of the need to meet Canadian residency requirements in order to avoid paying income tax to the American government. What you may not be aware of is that Canada and the U.S. will soon be keeping much closer … read more

Introducing the new Oaken Blog!

October, 2015

We all know the importance of financial literacy. Understanding the basic principles and terminology of financial planning is essential to a sound financial future. And it’s up to each one of us to become financially literate. November is Financial Literacy Month Here at Oaken, we understand that we have a part to play in this … read more

Online financial planning

September, 2015

No matter what stage of life you find yourself at, you should have a financial plan. And that means you need to be informed about financial planning. Even if you’re a hands-off type who prefers to leave it all to a professional, you still need to know what kinds of questions to ask, and how … read more

Commercial Online Banking is here!

August, 2015

You’ve told us how much you appreciate being able to manage your personal savings online, so we’re delighted to announce that this is now a reality for our Commercial customers as well. As you may expect, it offers all the same features as our existing Online Banking. You can look at current savings and investment … read more

RIF withdrawals—new changes starting in 2016

July, 2015

As we noted in an earlier Oaken Update, the rules around RIFs have changed. Previously, retirees had to withdraw a minimum of 7.38% of their RIF (if opened after 1993) in the year they turn 71, with the percentage rising regularly in subsequent years. Now, the minimum withdrawal for holders who are 71 is at … read more