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Welcome to our tax & wealth tips!
Here we post all our best financial tips and tricks, from taxes to savings. Use the Search Tool above or select a tag in the column to the right to browse specific financial topics!
We’re hiring in Oakbank! Income Tax Office Assistant/Receptionist
Tax season is coming up quickly, and we need some extra help. If you're dynamic, organized, and are available 30-40 hours per week (with a flexible schedule), we'd love to hear from you! Start date: immediately Compensation: Starting at $17/hour (commensurate with...
Year-End Tax Planning: A Quick Guide for Personal Finances
As the year winds down, it's the perfect time to turn our attention to year-end tax planning. November and December provide a window of opportunity to make strategic financial moves that can positively impact your tax return. Here's a quick guide for personal...
Changing Gears From Retirement Accumulation To Decumulation
You’ve been diligently stashing away some money from every paycheque, contributing to your retirement income. Perhaps you have a defined contribution pension or, if you’re one of the lucky ones, the defined benefit version. Whatever your process, when it comes to...
Understanding Guaranteed Life Insurance: Who Can Benefit?
Life insurance is a crucial financial tool that provides a safety net for your loved ones in the event of your passing. While there are various types of life insurance policies available, one option that stands out for certain individuals is guaranteed life insurance....
Critical illness insurance – the refundable insurance. If you don’t need it, get your money back!
Although we never like to think about it, more than 5 out of 12 Canadians will suffer a stroke, heart attack or being diagnosed with cancer or heart disease. While many of these Canadians will be able to recover to an almost-normal lifestyle, the recovery process can...
Critical Illness and Disability Insurance – what you need to know
Did you know that medical expenses currently rank as the number three cause of bankruptcy in Canada? Despite this, critical illness insurance (CI), which can help offset medical costs, often gets overlooked for other types of coverage like life insurance. Read below...
The Best of Both Worlds: Term and Perm Insurance
For the majority of families, life insurance needs will change over time. Typically, more coverage is required while a family is still young and growing, with a decreasing amount required as the family finances mature. In this post, we’ll show you how you can make the...
First Home Savings Account (FHSA): What you need to know, and how to get the most out of it.
While the Canadian housing market might be scary, owning a first home is not out of reach – and it’s never too early to start saving for your first home. If you are 18 or over, you are eligible to sign up for a new registered plan – appropriately called the First Home...
Estate planning: Who are you REALLY leaving your estate to?
All financial advice should come real wealth management strategies. At one time or other, we have all met or worked with financial advisors; whether they are independent, work for big firms, at your bank – there are literally thousands of them. So what does a...
Getting the Most from Your RESP
Learn about how to get the most of your RESP’s from the experts at OBS Financial.
Budget-friendly mortgage advice
OBS Financial offers budget-friendly mortgage advise by showing the differences between term insurance and creditor/bank insurance for your mortgage.
“Money does not buy you happiness, but lack of money certainly buys you misery.”
Daniel Kahneman
“Money does not buy you happiness, but lack of money certainly buys you misery.”
Daniel Kahneman
“Money does not buy you happiness, but lack of money certainly buys you misery.”