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…
Truth be told, conventional financial institutions like banks can't match every financial need for everyone. This is where credit unions come in. A credit union provides a wide range of services you would also find in a bank, and then some, including helpful financial advice. Osoyoos Credit Union (OCU) is a reliable and locally-owned and…
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…
Financial planning means planning for your future. And while you’ve likely got endless plans for your future, the coronavirus pandemic we’re in the middle of has really shed light on the need for you to plan for unexpected illnesses – as well as all the fun you’ll have when you retire. It’s not fun to…
What is an RRSP? An RRSP is a Registered Retirement Savings Plan. It is a registered account into which you and your spouse or partner can contribute money for your retirement. RRSP contributions can be used to reduce the amount of tax you pay. And any income you earn in the RRSP is (usually) exempt…
No one has told you that having a baby is super inexpensive, and if they did, they are definitely telling you that as a joke. The average cost to raise a child to the age of eighteen in Canada is the not at all small sum of $243,660. This amounts to about $13,500 per year (and…