by FirstOntario Credit Union | June 21, 2024 | Investment Insights
Dollar Cost Averaging (DCA) is an investment strategy that can help reduce the impact of market volatility when buying financial assets such as mutual funds, stocks, or exchange-traded funds. Instead of investing a large amount all at once, you invest a fixed dollar...
by FirstOntario Credit Union | June 12, 2024 | Investment Insights
When it comes to money matters, women face different financial challenges than men which contribute to complicating the ability to earn and save. Building financial literacy is increasingly important. Without an understanding of financial concepts like inflation,...
by FirstOntario Credit Union | May 17, 2024 | Investment Insights
Many entrepreneurs are deeply passionate about their business and focused on the demands of day-to-day operations. When you are managing staff, serving customers, and planning for growth, it can be easy to put long-term planning on the back burner. But an important...
by FirstOntario Credit Union | May 8, 2024 | Investment Insights
Job loss can happen for any number of reasons, but whatever the cause, it can be a very difficult time and create stress for you and your family. While no one can completely prevent a job loss, there are some proactive steps that can be taken both professionally and...
by FirstOntario Credit Union | April 29, 2024 | Financial Literacy
It all starts with a budget. Budgeting is simply the process of balancing your income with your expenses so you can make informed decisions about your money. When you spend more than you earn, it can lead to debt and make it harder to reach your goals. That is why...
by FirstOntario Credit Union | April 17, 2024 | Financial Literacy
Debt is often associated with negative feelings, and in many cases it is something people want to avoid. Still, not all debt is the same. Some types of borrowing, such as a mortgage or student loan, may help you build long-term value or create future opportunities....
by FirstOntario Credit Union | April 11, 2024 | Wealth Wednesday
Feeling overwhelmed by taxes? This Wealth Wednesday episode is here to help! We share valuable insights to navigate common Canadian tax planning challenges, instilling confidence in your financial decisions. In this video, you’ll learn about: Capital Gains and...
by FirstOntario Credit Union | April 10, 2024 | Investment Insights
At this time of year Canadian residents are preparing to file their personal income taxes. The deadline to file personal taxes and pay any amounts owing is April 30, 2024. There is a late filing penalty, so it is important to file on time. The first step to take is to...
by FirstOntario Credit Union | April 1, 2024 | Financial Literacy
Insurance is an essential part of a strong financial plan, helping protect what matters most through every stage of life. Whether you are starting out, growing your family, building wealth, or planning for retirement, the right coverage can help reduce the financial...
by FirstOntario Credit Union | March 18, 2024 | Financial Literacy
Finding financial balance starts with understanding where you are today and making a plan for where you want to go. Managing money well often means reviewing your budget, making a plan to manage debt, and taking steps to protect and grow your assets over time....
by FirstOntario Credit Union | March 13, 2024 | Investment Insights
Saving for the down payment of a home is one of the fundamental pieces of the puzzle that lead to home ownership, but where to start is a question that many ask themselves. Over the years, the Government of Canada has introduced many savings programs that have proven...
by FirstOntario Credit Union | March 4, 2024 | Finance Friday
Fraud is a growing problem, costing Canadians millions each year. Join FirstOntario’s Mark Perkins on Finance Friday to learn how to outsmart the scammers. In this episode, we’ll expose: Sophisticated Scams: From phishing emails to AI-powered deepfakes,...
