Financial Services _Çô Client Services RFC121 Study Guide - Final Guide: Debenture, Savings Account, Income Property

• School: Seneca College
• Department: Financial Services _Çô Client Services
• Course: Financial Services _Çô Client Services RFC121
• Professor: Peter Wan

Document Summary

Emphasize on the second half investment. Insurance one of the five financial planning elements. Investment: 5 objectives, what are the things we have to do with money, open an account. Short selling: stock index, stock exchanges, 3 investment types. Money market instrument discount from par t bills: risk free, how to calculate t bill yeild fixed income. Cdic up to 100 000 federal bonds federal: municipal, bond vs debenture, bond have collateral, debenture iou. Different types of stock: blue chip, growth, declining, etc. Gross up 38% x federal tax rate federal tax of pay. Deductions: employment related, union dues, child care expenses. Income deductions = taxable income (federal tax payable) Tax due/refund: june 15 later for businesses. Retirement planning: forecast future retirement expenses, retirement income. Employer match retirement amount, witdrawn from paycheck: early cpp 60 years old reduction of 0. 6% reduction. 0. 6% reduction per month earlier age 65. Maximum rouchly 50 000: company plan rrsp.