Understand the family life cycle and how you can
use it to diagnose the significant requirements of a
family at different stages
Explain financial intermediation and the role of
financial institutions in
PROPERTY, HOME AND
The principles are simple the devil
is in the details. Read the fine print
11.1 Learning Objectives
Understand basic principles and
Understand concepts of home insurance.
CHAPTERS 1 & 3
Introduction to Personal Financial Planning
PERSONAL FINANCIAL PLANNING
INVOLVES a process which assesses a persons
overall financial situation, identifies his/her
goals and objectives, problems and possible
CREDIT & DEBT
Keeping the wolves at bay, and more.
12.1 Learning Objectives
Assess debt capacity
Manage credit efficiently
Explain the common forms of debt
financing, including credit cards
Understand leverage for investment
LIFE, HEALTH, AND DISABILITY
Financing the Risk of an
Unacceptable Loss in Human Capital
10.1 Learning Objectives
Evaluate who needs life insurance.
Determine the amount of life insurance
Explain the characteristics of common life
4.1 MEASURING AND CONTROLLING
VERY LITTLE FINANCIAL PLANNING CAN
BE DONE UNLESS WE KNOW THE
RESOURCES AVAILABLE, WHERE THEY
COME FROM AND WHERE THEY ARE
PREPARE A FAMILY BALANCE SHEET TO
Planning your retirement is nothing less than the
culmination of all the other subjects discussed so
far, plus the new one of pensions.
can be summarized as
How much have you got now?
How much will you need for retirement?
How do yo
The biggest financial decision (probably) of
your life depends on understanding mortgages.
Introduce mortgage financing and go through the
calculations of the major costs
Determine how large a house one can afford
Evaluate home owne
How to determine the future and present value of investments with multiple cash flows.
How loan payments are calculated and how to find the interest rate on a loan.
How loans are amo
INCOME TAX PLANNING
Looking for the most desirable strategies
within the income tax system
Explain the four fundamental tax minimization
strategies: income deferral, income splitting,
income spreading and tax shelters.
PERSONAL INCOME TAX
The Basic Structure of Personal Income Tax in
Basic understanding of personal income
taxation in Canada
Explain differences in taxation of different
forms of investment income
Understand and calculate m
A Formal Process for Managing Risk
Develop the concept and practice of a fivestage personal risk management process:
identify, evaluate, control, finance and
Explain the theoretical role of insurance in
The sources of financial risk.
How to identify specific financial risks faced by firms.
The basics of hedging with forward contracts and futures.