FFP210 - Personal Wealth Management

Outline info
Last revision date 2017-05-29 00:30:24.765
Last review date 2017-07-17 00:15:27.826

Subject Title
Personal Wealth Management

Subject Description
This general interest subject is designed for students who wish to obtain a better understanding of financial affairs to best suit their objectives. This subject will cover three main areas of interest: Retirement and Estate Planning, Personal Tax Planning and Investments. 

Credit Status
This is a general interest subject.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Prepare a Personal Financial Plan
  2. Make decisions to enhance one’s personal and family financial needs
  3. See the success of realizing personal goals while considering the role of the economy.
  4. Explain the importance of the necessary review of a Financial Plan
  5. Work toward a comprehensive personal and family desired retirement lifestyle
  6. Understand what the various government programs and their effect on one’s retirement plans
  7. Know the advantage of preparing for retirement and not having a complete retirement plan
  8. Determine tax implications of a Registered Retirement Plan
  9. Understand the various terminology of used in tax planning
  10. See the advantages of proper investment planning
  11. Recognize and know the different types of investments
  12. Recognize the parallel of the life cycle and investment risk

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.


Topic Outline

  1. Preparing a Personal Spending Plan
  2. Preparing a Personal Financial Plan
  3. Tax Free Saving Account
  4. Government Pension
  5. Registered Retirement Savings Plan
  6. Defined Contribution Pension Plan
  7. Deferred Profit Sharing Plan
  8. Defined benefit pension plan
  9. Recommendation of a suitable retirement plan
  10. Company Pensions with Personal Registered Retirement Savings
  11. Canadian Personal Tax
  12. Non Refundable tax credit
  13. Taxable and Non-taxable income
  14. Charitable contributions
  15. Income splitting
  16. Taxation – self employment
  17. Taxation for sole proprietorship or partnership
  18. Tax deductibles for small business
  19. Investments
  20. Investing in a pension
  21. Investing in Mutual Funds
  22.  Investing in Stocks and Bonds
  23. The investment cycle
  24. Bull market versus Bear market
  25. Prime Rate
  26. The tax treatment of capital gains/losses
  27. Market rules and regulations
  28. Initial Public Offerings

Mode of Instruction
A combination of teaching methods such as lectures, small group work and case studies will be used.

Prescribed Texts
Prospectuses, financial newspapers and websites.
Additional materials will be handed out in class.

Reference Material

Required Supplies

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.

Program Coordinator
Keith Chapin

Approved by: Jeff McCarthy