Consult with us for help devising an effective retirement portfolio.
The start of the new year means there are new contribution limits and rates for annual money purchases, defined benefits, registered retirement savings plans, deferred profit-sharing plans, tax-free savings accounts, and pensionable earnings. For your convenience, we have referenced the government of Canada’s new limits for 2019, and we are happy to help you with any questions you have about your BlueRock Wealth portfolio in regards to these updated rates.* *While we make every effort to ensure the correctness of this information, please refer to the Government of Canada’s site for updated rates. These rates are for informational purposes only and are not intended to solicit or replace financial advice.
Financial Planning
Financial Planning
Estate Planning: Should You Let Your Heirs Know About Their Inheritances?
If you and your spouse are financially comfortable, you may have received the advice to share your inheritance plans with your children well in advance. At the same time, you may hesitate to divulge the extent of your assets. We found an article by Forbes on this...
Strategic Business Financial Planning Can Make Selling Your Business Simpler
Have you started to think about what will happen when you sell your business? Most business owners wait too long to consider how they will make an exit, and many remain unaware of their options until right when they need to make a critical decision about their...
Find Potential Savings in Your Personal Finances by Analyzing Small Monthly Expenditures
You may feel like you have your approach to personal finance and your budget all figured out, but in reality, it is a real challenge to keep complete track of everywhere your money goes. For instance, you likely know how much you owe on your mortgage or line of...
Get Honest About Your Finances with These Ideas
It’s hard to be honest all the time, and when it comes to honesty about your personal finances, you may feel like there’s room for big improvements. The good news is that being completely honest about where you’re at financially doesn’t have to be a painful,...
BlueRock Wealth Management Federal Budget 2021 Commentary
The long awaited 2021 Federal Budget has been released, and we're eager to share some commentary to help view the highlights that we think may be of interest to you. You can download the file below for a summary of the changes moving forward for the year. Although...
The Rise of Socially Responsible Investing and What it Is
Socially responsible investing is now a rising market, driven primarily by younger investors who grew up learning about the importance of preservation and eco-friendly practices. Investors are also catching onto the fact that socially responsible investment...
How Much Impact Does the President Have on Stocks
Financial Literacy Month: Take Charge of Your Finances!
November is Financial Literacy Month and the ideal time to take a look at your personal finance goals and take charge of your finances so that you can meet those objectives. A key consideration is that everything is fluid in life, so you have to be prepared to roll...
Make Personal Financial Planning a Priority to Avoid the Joint Tenancy Trap
Many people assume that when they own property jointly with another person, the rights of survivorship are an effective substitution for other estate planning measures, like a will. The main advantage of establishing Joint With Right of Survivorship (JWROS) clauses...
Speak with Your Financial Advisor About Your CPP or OAS Benefits to Plan for the Unexpected
As you and your spouse plan for retirement, part of your financial plan may involve partially or fully relying on the Canadian Pension Plan (CPP) or Old Age Security (OAS). Initially, this may seem like a beneficial way to retire, especially if you and your spouse...