By Tim Parchewsky Manager, PlanWright Financial, Wealth Consultant Low oil prices and the COVID-19 Virus have caused investors a lot of stress over the last few weeks. Periods of market volatility are not new to long term investors. These ups and downs can wreak havoc on our portfolios and emotions. However, history has shown that…
Author: encompassmarketing
Leadership in Times of Crisis
by Doug Griffiths This has been prepared as a source of guidance and support for communities facing an emergency that affords limited time and capacity to prepare and react. This advice has been specifically created for community and municipal leaders, especially those in smaller communities where capacity, expertise, and time may be limiting factors. This document…
Letter from our CEO regarding COVID-19
To our valued members, Encompass Credit Union is closely monitoring the evolving situation with respect to the COVID-19. We are continuing to review and monitor information from the Provincial Public Health Authority as well as both the Government of Canada and Government of Alberta. We have met with our lenders to discuss the potential impact…
What Can You Claim for Personal Expenses on Your Taxes?
As a small business owner, you might be wondering what you can claim as personal expenses on your taxes this year. Here’s what you need to know when it comes to doing your taxes for your business or side hustle. Expenses You Can Claim The CRA defines business expenses as certain reasonable costs that are…
Investing on Your Own vs. through a Financial Advisor
When it comes to investing in the stock market, many people debate whether it’s worth doing the investing themselves or through a financial advisor. Let’s take a look at the pros and cons to these methods of investing to determine which one is best for you. Before You Begin Before you begin considering how you’ll…
Estate Planning Make the most of your funds with a budget
Estate planning You don’t have to be an eccentric billionaire to need to organize your estate. An estate plan is important to ensure that financial matters are resolved quickly, and family and loved ones don’t end up losing much of what you’ve acquired through taxation. Talking about oneself or aging parents passing away isn’t exactly…
5 ways to be smarter with smartphone apps
As the smartphone market matures, we’ve all come to depend on apps that make our lives easier and more fun. We have instant access to news, weather, shopping, games, and social networks. With new apps appearing all the time, it’s easy to get caught up in the moment, and download something offered to us online….
When RRSPs are the best choice
While the decision to use a Registered Retirement Savings Plan (RRSP) has been made more complicated over the last ten years by the popularity of the Tax-Free Savings Plan (TFSA), it is still an important savings tool. The TFSA allows an individual to contribute after-tax dollars into an investment and withdraw funds with no tax…
TFSA vs. RSP: What’s Best for You?
As a new generation of Canadians begins dealing with the tricky field of finances, a common question we hear is “What kind of account should I have”? At Encompass Credit Union, we have a wide array of plans and programs for money-savvy Canadians and the most popular for retirement or tax deferral are TFSA and…
Five ways cybercriminals try to steal your personal info
Identity theft is something you’ve probably heard about on the news. But what does it really mean, and what is the risk to you, your family, or your business? Identity theft is when someone uses your personal information without you knowing about it. They may try to get your basic information, such as name, date…
