The COVID-19 pandemic has sent many people into positions of financial stress, from lost jobs, to general financial uncertainty. One of your biggest expenses each month is likely your mortgage. Most Canadian financial institutions understand those worries, so many have implemented relief programs, such as payment deferrals on mortgages. Deferring your mortgage payment may reduce…
What should I do if my email is hacked?
Email hacking is one of the very unfortunate downsides to living in our connected, digital world. And it’s often a situation that even the savviest tech experts find themselves in. It can happen to anyone. But Why Should I Worry? I Have Nothing Valuable in My Email If you have an identity and email address…
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…
What Should I do During Market Volatility?
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…
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…
