Current Trends and Issues in Financial Planning.ppt

Current Trends and Issues in Financial Planning Roxanne Eszes, CFP Cleartech Documentation Training 2005 Edition CE Course Over 160 pages of new material Consolidates new developments all in one place Covers a wide range of topics across the CFP syllabus Qualifies for 12 CE hours if you complete the exam 20 question M/C exam circle responses on answer sheet fax answer sheet to the CIFP obtain a score of 12 out of 20 Course Highlights Practice Issues FPSC Practice Standards Joint Forum’s Principles and Practices Fair Dealing Model Privacy Act Iso Standards for Financial Planners More Course Highlights Economic Developments a review of Canada’s economic framework recent Canadian economic developments current trends in the value of the Canadian dollar world economic conditions the Canadian economic outlook More Course Highlights Personal Finance Update recent statistics on consumer spending the cost of raising children draft spousal support guidelines proposed increase to CDIC coverage limits More Course Highlights Income Tax Update federal personal income tax parameters for 2005 a synopsis of Budget proposals of interest to CFPs other tax changes that have been implemented recently Retirement Planning Update elimination of need to convert LIFs to annuities at age 80 elimination of the foreign content limit increases in the contribution limits for registered plans rules for unlocking small pension fund accounts the status of the Canada Pension Plan a recent ruling on creditor-proofing RRSPs upon death More Course Highlights Estate Planning Risk Management Update an overview of living wills, including several samples a discussion of critical illness insurance Investment Planning Update an overview of income trusts an overview of hedge funds Today’s Presentation Spousal Support Guidelines Critical Illness Insurance Income Trusts Hedge Funds Spousal Support Guidelines Federal draft in January 2005 Apply to Divorce Act cases Voluntary, NOT mandatory Guidance for spou