OZ Capital

If you're a parent and are in the advantageous position to invest in your child's future education needs, a Registered Education Savings Plan (RESP) is an excellent choice. However, did you know that it's not necessarily a good idea to contribute the full amount ($50,000) right away? Read our case study on how to maximize your RESP by maximizing the amount of Canada Education Savings Grant (CESG) funds your child can receive. https://lnkd.in/gpmz8qmu

Is the Canadian housing market in a holding pattern? New data from the Canadian Real Estate Association shows that the number of homes sold in August fell 2.1% compared with a year ago. Despite borrowing costs beginning to come down, prospective buyers might be continuing to hold off for improved affordability. Read more: https://bit.ly/3XqgEvn

The 2024 IAFP Symposium is fast approaching. We look forward to connecting and discussing the future of advanced financial planning. See you September 25-28 in Gatineau, QC - lunch is on us! Register now: https://bit.ly/3Y2e1SE

Here are some benefits of a Tax-Free Savings Account (TFSA) to you as an investor: - Tax-Free Growth - Flexible Withdrawals - Diverse Investment Options - No Impact on Government Benefits Consider opening a TFSA through OZ Capital MIC, as a TFSA-eligible investment vehicle. Learn more about how to unlock financial freedom: https://bit.ly/48dLF9e

New research from the Ontario Securities Commission (OSC) suggests that retail investors appear to be open to AI-assisted financial advice. It conducted an experiment that used an online investment simulation to test investors’ response to recommendations provided by a human alone, an AI tool, and a combination of the two. The results: investors demonstrated no preference between purely human advice and purely AI advice — leading researchers to conclude that “Canadian investors may not have a clear aversion to receiving investment advice from an AI system.” Read more: https://bit.ly/3MHFbHj

According to the Financial Post, Google searches for mortgage-related terms have reached their highest point since the start of the pandemic in March 2020. Spurred by recent rate cuts, renewers, refinancers and prospective home buyers are flooding Google for mortgage information in September, a contrast to the usual spring peak when activity is at its highest. Read more: https://bit.ly/3zf2JQT

There are a lot of exciting things happening at OZ Capital - don't miss out on the latest from us! Sign up for our newsletter and receive regular updates on our superior private investing and lending solutions. https://bit.ly/3MqDKNP

As summer draws to a close, we hope you've had the opportunity to recharge and enjoy the season. At OZ Capital, we’re closely monitoring global developments, including the upcoming US elections and further anticipated interest rate adjustments in Canada. Read more on our blog: https://bit.ly/3ZddspC

BREAKING NEWS: The Bank of Canada has delivered its third consecutive interest rate cut, bringing the central bank’s benchmark interest rate to 4.25 per cent. With annual inflation continuing to cool, further policy rates can be expected in the near future. More on this story: https://bit.ly/3XbEKKm

According to a new report from the British Columbia Securities Commission (BCSC), do-it-yourself (DIY) investors in Canada are taking more control over their investing decisions because they prefer a hands-on approach. But that's not necessarily because they don’t trust financial advisors. Read more about the BCSC report and better understand the differences between investors who do and don’t work with advisors: https://bit.ly/4dEjjsl