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Program
Coordinator: Richard Kingston

COURSE OUTLINE ACADEMIC YEAR 2016/2017

Course Title: Financial Planning 2

Course Schedule Credit Class

BMFS 253 LEC 3 45
Code: Type Code: Value: Hours:
Business Management Financial Pre- Co-
Programs: BMFS 204 None
Planning requisite(s): requisite(s):

Prerequisite for:

Restrictions:

Approved By: Richard Kingston

Dean/Associate Dean: Peter Madott

Signature: Date: July 31, 2016

Humber College Institute of Technology and Advanced Learning 2016/2017

Course Description

This course, preceded by the Financial Planning Course 1, is meant to assist students in
preparing for financial planning careers in the financial services industry. On completion of both
courses, students will be eligible to sit an examination set by the Canadian Securities Institute
Global Inc. (CSI) for licensing purposes.

In this second course, students will build on the practical knowledge base learned from
Financial Planning 1. Students will study components of a financial plan such as: tax planning,
retirement planning, estate planning, and investment management. They will get a good
understanding of Government and private pension plans together with other retirement savings
plans and their applications to retirement planning. The significance of wills and power of
attorney will be stressed in estate planning. Furthermore, they will learn about how business
and family laws impact financial planning.

Learning Outcomes

Upon successful completion of this course, students will be able to:

1. Define financial planning and explain the role of the advisor, method of compensation
and standards of conduct.
2. List the six steps in financial planning and identify the type of information that should be
collected to create a financial plan for a client.
3. Evaluate the net worth of a client and identify ways and means to improve net worth
through spending and saving patterns.
4. Advise clients on the suitability of various options and assist clients in determining the
proper use of debt in a financial plan.
5. Explain the legal considerations of owning real estate and using your RRSP to mortgage
a property.
6. Discuss Modern Portfolio Theory and its application to a clients portfolio.
7. Describe tax planning strategies including strategies for Registered Education Savings
Plan and Tax Free Savings Accounts.
8. Conduct a Life Insurance Needs Analysis for client and list and describe the policy
provisions, riders and divided options in an insurance contract.
9. Discuss the impact of the various government pension plans, Old Age Security (OAS)
and Canadian Pension Plan (CPP/QPP) on clients retirement.
10. Combine government and private pension plans with existing retirement savings plans
and derive a savings strategy to meet retirement goals.
11. Identify estate planning techniques that will minimize taxes and advise on the types and
importance of wills, trusts and power of attorneys.
12. Identify the key areas of Canadian Family Law that focus on the financial aspects
through cohabitation, marriage, separation, and divorce and their implications through
maintenance and support of spouse and children and the division of assets.
13. Define a contract and determine whether a contract is enforceable, the prerequisites for
an enforceable contract, the types of contracts that must be written, the condition
whereby a contract can be discharged and the remedies for a breach of contract.
14. Describe the agency and the parties involved and the implication of acting as an agent.

Humber College Institute of Technology and Advanced Learning 2016/2017 2

Essential Employability Skills

Essential Employability Skills are transferable skills that provide the foundation for a students
academic, vocational, and personal success.

Y Communication Y Critical Thinking & Y Interpersonal

Problem Solving
Y Numeracy Y Information Management Y Personal

Learning Resources

Required Resources:

Financial Planning II (2013).The Canadian Securities Institute.

OR

Financial Planning 2 Olivers Learning http://oliverslearning.hllqp.com/home/hllqp

*If students are planning to enter the financial services industry upon graduation, it is strongly
recommended that, in lieu of Olivers Notes text, the students register with, and obtain materials
from, the Canadian Securities Institute (CSI). Students can register and obtain materials from
the CSI website (www.csi.ca/psi) at additional cost.

Copyright

Copyright is the exclusive legal right given to a creator to reproduce, publish, sell or distribute
his/her work. All members of the Humber community are required to comply with Canadian
copyright law which governs the reproduction, use and distribution of copyrighted materials.
This means that the copying, use and distribution of copyright- protected materials, regardless
of format, is subject to certain limits and restrictions. For example, photocopying or scanning an
entire textbook is not allowed, nor is distributing a scanned book.
See the Humber Libraries website (http://library.humber.ca) for additional information regarding
copyright and for details on allowable limits.

Learning Delivery Format

Classes will take the form of formal lectures and class discussions, and may include group
work, presentations, field trips and other teaching techniques deemed appropriate by the
instructor. It is recommended that students attend all classes as exams and assignments will
cover material from the classroom sessions and the texts. It is the students responsibility to
ensure that they obtain all information necessary for successful completion.

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 Course Content

UNIT TOPIC(S) ASSESSMENTS RESOURCES

Introduction Financial Planning in Canada Module 1 Section 1

The Personal Savings Planning and Debt Module 1 Section 2

Financial Planning Management Module 2 Section 1
Process
Savings Planning and Module 2 Sections 2
Debt Management &3
Investment and Tax Test #1 (10%) Module 3 Section 1
Planning Modules 1 & 2
Investment and Tax Module 3 Section 2
Planning
Insurance Module 4 Sections
1-3
Mid-Term Test (20%)
Modules1-4 :
Sections 1 -2
Insurance Module 4 Sections
3-5
Retirement Planning Module 5 Section 1-3
Retirement Planning Module 5 Section 4 &
5
Estate Planning Test #2 (10%) Module 6
Modules 4:
Sections 3-5 &
Module 5
Family Law Module 7
Small Business Module 8

Group Presentations
Comprehensive
Review
Final Exam (25%)
Modules 1-8
Please note: this course schedule may change as resources and circumstances require.

Course Specific Policies and Expectations

Students must achieve a minimum of 50% on the final exam to pass this course.
Participation mark is NOT based on attendance and the professor will provide a written
breakdown of how the grade will be assessed.

Students wishing to write their provincial certification exams must register independently with
the Canadian Securities Institute Global Inc. (CSI). Upon payment of the appropriate CSI
registration fee, students will receive a complete set of texts, and be eligible to write all required
Professional Finance Planning Course (PFPC) exams under the terms and conditions of their
registration with the CSI. Registration Information will be provided by the

Humber College Institute of Technology and Advanced Learning 2016/2017 4

Student Evaluations

Type of Assessment %

Module Tests (#1 & 2 @ 10%) 20

Mid-Term Exam 20

Group Assignment 15

Group Presentation 10

Individual Assignments 10

Final Exam 25
100%

Degree Students

In addition to meeting all program specific course and credit requirements, students must have
a Cumulative Program Grade Point Average (CPGPA) of 65 in order to be eligible for
graduation.

Diploma/Post-Graduate Students

In addition to meeting all program specific course and credit requirements, students must have
a Cumulative Program Grade Point Average (CPGPA) of 60 in order to be eligible for
graduation.

Policies and Procedures

It is the students responsibility to be aware of the College Academic Regulations which can be
found on the following website: http://www.humber.ca/admissions/how-apply/academic-
regulations

Academic Integrity

Academic integrity is essentially honesty in all academic endeavours. Academic integrity

requires that students avoid all forms of academic misconduct or dishonesty, including
plagiarism, cheating on tests or exams or any misrepresentation of academic accomplishment.

Academic Concern/Appeals

If a student has questions or concerns regarding a grade on an assignment or test, the student
should discuss the matter with the faculty member. The Program Co-ordinator and/or the
Associate Dean may be asked to assist if the faculty member and student are unable to resolve
issues. For additional information please refer to Section 13 of Colleges Academic Complaint
and Appeal Policy at the web site identified above.

Humber College Institute of Technology and Advanced Learning 2016/2017 5

Prior Learning Assessment Recognition (PLAR)

Course credits may be granted in recognition of prior learning, and that Application for
Consideration is made through the Office of the Registrar at http://www.humber.ca/transfer
options

Accessible Learning Services

Humber strives to create a welcoming environment for all students where equity, diversity and
inclusion are paramount. Accessible Learning Services facilitates equal access for students with
disabilities by coordinating academic accommodations and services. Staff in Accessible
Learning Services are available by appointment to assess specific needs, provide referrals and
arrange appropriate accommodations. If you require academic accommodations, contact:

Accessible Learning Services: http://www.humber.ca/student-life/swac/accessible-learning

North Campus: (416) 675-6622 X5090

Lakeshore Campus: (416) 675-6622 X3331

Disclaimer

While every effort is made by the professor/faculty to cover all material listed in the outline, the
order, content, and/or evaluation may change in the event of special circumstances (e.g. time
constraints due to inclement weather, sickness, college closure, technology/equipment
problems or changes, etc.).

It is the students responsibility to retain course outlines for possible future use in support of
applications for transfer credit to other educational institutions.

Humber College Institute of Technology and Advanced Learning 2016/2017 6