First Oak Financial Inc.

First Oak Financial Inc. First Oak Financial Inc. is a full-service financial planning firm based out of Port Moody, BC, serving clients throughout the province.

We provide holistic financial planning services for individuals, families, and businesses.

When there is a disconnect between the financial actions of the company and the business owner(s), the advantages to hav...
05/01/2026

When there is a disconnect between the financial actions of the company and the business owner(s), the advantages to having a private corporation begin to dwindle. Compensation amounts and types of income (salary or dividends) should be determined in conjunction with the personal financial goal of the owner and their family.

The deadline is fast approaching to generate some immediate tax relief.
02/26/2026

The deadline is fast approaching to generate some immediate tax relief.

Wishing everyone a great year ahead
01/01/2026

Wishing everyone a great year ahead

Similar to 2025, the annual TFSA maximum will once again be $7,000. The TFSA can be used as a long-term savings vehicle,...
10/17/2025

Similar to 2025, the annual TFSA maximum will once again be $7,000. The TFSA can be used as a long-term savings vehicle, or as a “saving to spend” account.

Key questions when you are transitioning from a sole proprietorship to an incorporated business.
09/04/2025

Key questions when you are transitioning from a sole proprietorship to an incorporated business.

Here are four tips on how to greatly simplify an estate for probate purposes. For item #4, this is most common with sen...
06/26/2025

Here are four tips on how to greatly simplify an estate for probate purposes. For item #4, this is most common with seniors whose principal residence has a significant fair market value.

The two scenarios for which funds can be temporarily accessed from your RRSP without incurring tax are: 1) when purchasi...
05/23/2025

The two scenarios for which funds can be temporarily accessed from your RRSP without incurring tax are: 1) when purchasing a first home (under the Home Buyers’ Plan); and 2) when attending a post secondary institution or eligible training program (under the Lifelong Learning Plan). Proper utilization of the RRSP & TFSA is one of the integral decisions for Canadian investors. Conversely, improper use can lead to adverse tax outcomes and effectively a “waste” of these tax-advantaged registered accounts.

A legally valid Shareholder Agreement can avoid so many downstream issues when it comes to your business. Everyone is aw...
01/24/2025

A legally valid Shareholder Agreement can avoid so many downstream issues when it comes to your business. Everyone is aware of the pitfalls of dying without a will, but often business partners are not aware of the consequences of not having a Partnership or Shareholder Agreement. If you have a business partner or own private shares with other individuals, consider implementing this vital planning document. Speak to a lawyer or ask us for an introduction to one.

The report by Angus Reid Institute also finds that only 35% Canadians say their will is up to date. A legally valid, cur...
01/16/2025

The report by Angus Reid Institute also finds that only 35% Canadians say their will is up to date. A legally valid, current will is a crucial document to appoint an executor, deal with assets/personal possessions, and appoint a guardian for minor children. By not having a will, you leave this up to the courts to decide.

Address

Unit 302, 2227 St. John’s Street
Port Moody, BC
V3H2A6

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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