Lecture: 2 hours/week
Seminar: 2 hours/week
Lecture, seminars, and online. This course focuses on the development and presentation of professional financial planning advice. It will be interactive and make use of cases, supplementary materials, and class presentations.
Complete a professional financial plan integrating at least four of the six financial planning components.
Present the plan as if engaging a real client, explaining and defending recommendations and considering conflicting views on financial planning topics.
Specifically:
- FP Canada financial planning process, practice standards and code of ethics.
- FP Canada retirement and investment projection assumptions.
- Taxation in financial planning.
- Government income sources, registered accounts, pension plans, retirement funds, locked-in retirement accounts, valuations, and unlocking provisions.
- Projection of retirement income before and after tax, from a variety of sources.
- Division of assets at marital separation and death including will planning and use of trusts.
- Insurance for risk management and estate planning.
- Family law, common law, marriage-like relationships, POAs, cohabitation agreements, and health care directives.
- US assets, income, capital gains/losses, and charitable donations at death.
Upon completion of the course, a successful student will be able to:
- communicate clear, concise, sensitive, professional financial planning recommendations and alternatives;
- develop professional recommendations for clients using the FP Canada Assumption Guidelines, on moderately complex case scenarios and requiring interpretation, clarification and prioritization of the client鈥檚 financial planning goals;
- gather and interpret client financial information and prepare accurate personal financial statements and projections using relevant software;
- develop debt management, asset management, risk management, and tax planning strategies that allow clients to reach retirement and estate planning goals;
- apply knowledge of government retirement income sources and tax-sheltered accounts to the client recommendations;
- apply family, estate, and tax law in client recommendations, including the implications oftransferring assets to various parties or to charities, and the implications of estate taxation oncharitable donations and potential US taxation; and
- demonstrate application of the FP Canada Professional Practice Standards and application of fiduciary responsibility and ethical business practices in financial planning.
Assessment will be based on course objectives and will be carried out in accordance with the 黑料吃瓜网曝一区二区 Evaluation Policy.
| Assignment(s) or case(s) | 30% - 50% |
| Tests or quizzes | 20% - 40% |
| Case presentation | 10% - 30% |
| Final exam | 0% - 30% |
| TOTAL | 100% |
No single assessment will be worth more than 40%.
Textbook resources may include:
Instructor-compiled materials.
FP Canada materials, CRA resources.
All textbooks subject to change with department approval.
Calculator: Texas Instruments BA II Plus or as approved by Department.
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