While you can always reassess your financial planning at any time, an ideal time to do it is at the end of the year. It will provide the clearest picture of your financial situation and help you decide on any wealth management services you might need for the new year. Below are a few simple…
Putting together a financial plan is a great way to not only stay on top of your personal finances but also begin to plan for your future and any upcoming financial goals that you’d like to work towards. There are often several questions that arise when assembling a financial plan that the average consumer won’t…
At Osoyoos Credit Union, we say together, we’re better. The current crisis has already caused financial stress for many of us. Unfortunately, it looks set to continue in the near future. We value you. So we thought we’d lay out some of our best tips for budgeting and planning during the COVID-19 crisis. Budgeting during…
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…