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…
Category: Products & Services
How to Open a Bank Account Online at Encompass Credit Union
“Time is money”, or so the old saying goes. At Encompass Credit Union, we couldn’t agree more because we have the utmost respect for your time. We understand that you might be busy managing your business, taking care of your family, or just dealing with life. Although we like talking to you in person, in…
What’s Lock’N’Block?
For years, lost or stolen debit cards have been a source of frustration, and especially when fraudsters have been able to steal your PIN to access your accounts. Card fraud is on the decline, especially when you have a service like Lock ‘n’ Block from Encompass Credit Union. In this new normal, we’re also using…
Top 7 Ways to Save Money This Spring
This last winter was a brutal one for the prairies, but while there may still be snow in nooks and crannies, the sunny season is here, and although we’re still coming out of pandemic isolation, perhaps it’s time to start saving for that destination trip when things are safe to do so! Here are our…
How will the pandemic affect my savings and loans?
The coronavirus pandemic has hurt the economy bad, sending interest rates down. What does that mean to you, your mortgage or your investments? Canada’s central bank lowered its key interest rate three times in the past month to a current level of just 0.25%. While that’s not the rate of interest you will earn on…
The scariest thing about mobile banking
Let’s face it, people are scared of a lot of things. I guess they should be, you can see it every day on TV, or in your social media feeds. Everything is out to destroy your lives, take your jobs and eat your lunch, or that you’re going to catch the virus. The hackers are…
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…
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…
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…
