When it comes to the overall health of your finances, credit plays a huge role in your ability to secure a loan, buy a home, and even get approved for a cell phone. Credit takes your financial habits into account, meaning that if you have been haphazard with spending, or have been unsuccessful in applying…
Saving for your retirement isn’t often something that people think about when they are just starting out as an adult. It might seem like you just started working, but the reality is that retirement is no longer a hazy concept far off in the future. Thinking about saving for retirement can seem like a daunting…
Commercial properties and business ownership often go hand-in-hand. Chances are, if you are a limited or incorporated business, you’ll likely require financial assistance in order to purchase commercial property. This means that you will likely have to get a commercial mortgage and it’s important to understand exactly what a commercial mortgage entails so you can…
Whether you run your own business out of your home or work out of an office, small business banking provides a tailored online banking solution for business owners with less than 20 employees. It is designed to move business owners beyond retail banking to manage their business and personal finances with minimal administration and unnecessary…
Do you own a small business? Are you looking to open a small shop or store? Generally, a limited or incorporated company requires a bit of money in order to put an open sign up. The best way to get the funds needed is to talk to a financial advisor about a commercial mortgage. A…
While there are a lot of big purchases you’ll make in your life, it’s highly likely that buying a home will be the biggest one. It’s also just as likely that you can’t just pay it all off in one go, so naturally, you’ll need to borrow money through a mortgage. All mortgages have interest…
Without a doubt this year’s Black Friday sales will be looking a little different, perhaps with a smaller budget playing a large role. Some homes may be a bit limited in spending habits, especially with Christmas around the corner. This year, families may have to budget or strategize their spending. So, how can one make…
There is no doubt about it. Managing your financial fitness plays a large role in our day to day life. To manage your financial fitness is to have the ability to look after all expenses without the worry of debt or financial crisis. Financial Fitness doesn’t just include paying the bills; it also includes…
The Canada Emergency Business Account (CEBA) offers relief measures for small Canadian businesses. It is designed to provide additional capital to small businesses to see them through the current economic disruption and uncertainty caused by the COVID-19 pandemic. You can read more about the CEBA on the Federal Government web page. Eligibility Criteria for the…
The CRA has partnered with eligible financial institutions to make receiving the Canadian Emergency Response Benefit easier for you. We're one of them! So, all our members are able to quickly and easily sign up to receive payments straight into your OCU account via secure direct deposits. Before we outline the process, we want to…