A combination of lectures, case studies, supplementary materials, and class presentations.
The course provides instruction on key topics including:
1. Overview of a financial plan.
2. Planning with personal financial statements.
3. Budgeting, savings and credit/debt management including mortgages.
4. Business and family law as it relates to financial planning scenarios.
5. Insurance: auto, property, health & disability and life.
6. Tax planning.
7. Retirement planning.
8. Estate planning.
9. Investment management: stocks, bonds, mutual funds, and asset allocation.
10. Integrating the components of a financial plan through cases.
At the end of the course, the student should be able to:
1. Prepare personal financial statements for moderately complex financial planning scenarios.
2. Interpret and prioritize financial planning goals in a financial plan.
3. Incorporate debt management, asset management, risk management and tax planning strategies that allow investors to reach retirement and estate planning goals in moderately complicated financial planning scenarios.
4. Integrate government benefit programs such as CPP, OAS, RRSPs and TFSAs as well as pensions and investment planning into moderately complicated retirement and estate planning scenarios.
5. Provide advice on personal investment management.
6. Explain the role of law and fair and ethical business practices in preparing a personal financial plan.
7. Demonstrate application of the Certified Financial Planning Code of Ethics.
|Assignments or case studies||10% - 25%|
|Major case study||15% - 25%|
|Midterm examination(s)||20% - 30%|
|Final examination||30% - 40%|
Textbooks and Materials to be Purchased by Students may be chosen from:
Retirement and Estate Planning in Canada, Coleen Clarke, Captus Press, Latest Canadian Edition
Madura and Gill, Personal Finance, Latest Canadian Edition, Pearson
KPMG Tax Planning for Canadians, latest edition
And an advanced retirement and estate planning text to be determined.
All textbooks are subject to change with approval of the department.
Only Faculty of Commerce and Business Administration approved calculators may be used for tests and examinations.