by Rockmoor Wealth | Blog, Family, investment
The First Home Savings Account (FHSA) is a savings plan designed for first-time home buyers in Canada, which allows them to save up to $40,000 tax-free. Contributions to an FHSA are tax-deductible, similar to Registered Retirement Savings Plans (RRSP). Additionally,...
by Rockmoor Wealth | Blog, Family, Health Benefits, Life Insurance, retirees, Retirement, RRSP
Most of us understand the benefits of sensible retirement planning. Still, it doesn’t feel relatively straightforward when it comes to creating your retirement strategy and putting it into effect. The reality is that, while there are lots of variables to...
by Rockmoor Wealth | Blog, Family, insurance, Life Insurance
Why Insurance Is So Important If You’re A Single ParentYour kids mean everything to you – and you want to make sure they’re protected no matter what. As a single parent, you must have the right health and life insurance options in place to make that happen. We...
by Rockmoor Wealth | 2023, Blog, Business Owners, dental benefits, Family, Financial Planning, Individuals
On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures:New transfer options associated with Bill C-208 for intergenerational transfer.New rules for employee ownership trusts.Changes to how the...
by Rockmoor Wealth | Blog, Business Owners, Corporate, Family, financial advice, Financial Planning, incorporated professionals, Individuals, personal finances, Retirement, tax
On February 28, 2023, the B.C. Minister of Finance announced the province’s 2023 budget. This article highlights the most important things you need to know about this budget.No Changes To Corporate or Personal Tax RatesThere are no changes to the province’s personal...
by Rockmoor Wealth | Blog, Estate Planning, Family
Blended families – where two people get married but have children from previous relationships – are becoming more common. It can be challenging enough to take care of the everyday logistics; from where to live to making sure everyone gets along. So trying to make sure...