CFP™ Program Overview and Course Descriptions

[Pages:11]CIFP on the WebTM

CFPTM Program Overview and Course Descriptions

Table of Contents

Introductory Courses........................................................................................................ 2

LEARNING ON THE WEB FOR STUDENTS.................................................................................................................. 2 COURSE 101: FINANCIAL PLANNING PRINCIPLES.................................................................................................. 2 COURSE 101: FINANCIAL PLANNING PRINCIPLES.................................................................................................. 3

CFPTM Program: Core Courses ........................................................................................ 3

COURSE 201: RETIREMENT PLANNING.................................................................................................................... 3

Course 201: Retirement Planning ..................................................................................... 4

COURSE 202: INCOME TAX PLANNING.................................................................................................................... 5

Course 202: Income Tax Planning ................................................................................... 5

COURSE 203: STRATEGIC INVESTMENT PLANNING............................................................................................... 6

Course 203: Strategic Investment Planning...................................................................... 7

COURSE 204: RISK MANAGEMENT AND ESTATE PLANNING................................................................................ 7

Course 204: Risk Management and Estate Planning ......................................................... 8

PART 1- RISK MANAGEMENT ................................................................................................................................... 8 PART 2 -- ESTATE PLANNING................................................................................................................................... 8

Review and Evaluation..................................................................................................... 9

COURSE 301: PROGRAM REVIEW AND EVALUATION ............................................................................................ 9 PROGRAM REVIEW...................................................................................................................................................... 9 EVALUATION ............................................................................................................................................................... 9 FINAL PROGRAM EXAMINATION .............................................................................................................................. 9 OPTIONAL MATH TUTORIALS.................................................................................................................................... 9 MATH TUTORIAL......................................................................................................................................................... 9 FINANCIAL PLANNING SOFTWARE TUTORIAL........................................................................................................ 9

Certified Financial PlannerTM Program

Web Curriculum

Canadian Institute of Financial Planning This document is the revised Certified Financial PlannerTM Program (Web) curriculum, detailing the contents of the program and courses. Outlines for Retirement Planning (201) and Income Tax Planning (202) are current as of this date and have been signed off. The outlines for the other courses are still subject to minor changes. This document presents the size, scope and overall sequence of the content to be designed and delivered.

- 1CFPTM Program Overview and Course Descriptions

Introductory Courses

CFPTM Program

Learning on the Web for Students (Pre-program unit, optional)

This unit prepares students for taking a course on the Web. It teaches them the skills they need to navigate and use the courseware as well as giving them a sense of how learning is different in a Web environment, and how best to work within this new medium.

Technical use

Perform technical tasks such as navigating, and using the available tools. Interface: all the "how to's" such as:

? Navigation: surfing and "Where am I?" ? Take Notes ? Printing ? Interactive exercises ? Search ? Test, self-assessments and reflection exercises Review

Conceptual framework

Explain the differences, pitfalls, and advantages of taking a Web course Assess self as a Web learner Interactive exercises

? Create personal learning plan ? Identify what advantages of this medium you will use ? Address your own qualities and challenges as a Web learner ? Set target dates for completion of each Unit

Course 101: Financial Planning Principles Financial Planning Principles provides an overview of financial planning. It is intended as a basis for understanding the financial planning process; a foundation upon which the financial planning courses depend.

We start with an overview of personal financial planning concepts followed by a detailed explanation of the five-step comprehensive financial planning process. Finally, we examine the concept of due diligence: its importance to the financial advisor and the client as well as the steps that are needed to implement the due diligence process.

- 2CFPTM Program Overview and Course Descriptions

The unit contains:

Introduction

Learning Objectives Lessons

? Lesson Learning Objectives ? Learning Activities

? Reading ? Exercises, including case studies ? Self-assessments ? Lesson Review

Review

Assessment

Course 101: Financial Planning Principles TABLE OF CONTENTS

Unit 1 Lesson 1 Lesson 2 Lesson 3 Lesson 4

Wealth Accumulation Wealth Accumulation Concepts Wealth Accumulation Planning Process Due Diligence Investor Personalities Review Assessment

CFPTM Program: Core Courses

Course 201: Retirement Planning This course provides a detailed look at how client's plan for retirement, how they use their financial assets during retirement, and how they make financial decisions related to retirement. Clients look to their personal financial planners to provide expert guidance on the many issues involved in retirement planning. This requires the planner to acquire the knowledge, judgement, and expertise to understand the retirement planning process, the various private and government pension arrangements, investment products for retirement, any income tax implications, and numerous strategies.

The course starts out with an overview of retirement planning followed by a detailed look at pensions. It then examines the characteristics of registered retirement savings plans to understand how they are used in accumulating funds for retirement. It then explores the taxation of retirement income along with the tax planning opportunities that are available.

- 3CFPTM Program Overview and Course Descriptions

Then, it looks at retirement decision and investment planning. Finally, it examines case situations involving retirement planning. Each unit contains:

Introduction Learning Objectives Lessons

? Lesson Learning Objectives ? Learning Activities

? Reading ? Exercises, including case studies ? Self-assessments ? Lesson Review ? Lesson Assessment Unit Review Unit assessment

Course 201: Retirement Planning

TABLE OF CONTENTS

Unit 1 Unit 2 Unit 3 Unit 4

Unit 5 Unit 6 Unit 7 Unit 8 Unit 9 Unit 10 Unit 11

Introduction to Retirement Planning Government Sponsored Retirement Income Programs Employer-sponsored Pension Plans Deferred Profit Sharing Plans and Registered Retirement Savings Plans Foreign Property Education Planning Taxation during Retirement Post-retirement Planning Retirement Savings Plans Retirement Decisions Course Review and Assessment Final Exam

- 4CFPTM Program Overview and Course Descriptions

Course 202: Income Tax Planning This course provides a detailed look at how business and financial assets are used to acquire and preserve wealth. Clients look to their personal financial planners to provide expert guidance on the many issues involved in managing their business and investment assets. This requires the planner to acquire the knowledge, judgement, and expertise to understand the economic issues, business activities, investment products, any income tax implications, and numerous strategies.

The course examines how various business forms (including proprietorships, partnerships and corporations) are structured and taxed, and how they can be used to generate wealth for the owner/manager or the passive investor. It reviews the taxation of employment income and benefits with an emphasis on looking for ways to increase an individual's compensation without necessarily increasing the individual's taxable income. It then explores the taxation of investment income, including property income (interest, dividends and rents) and capital gains, and reviews the important deductions available for various income sources. This is followed by a discussion of how an individual can make use of the different tax advantages available to maximize his or her wealth accumulation.

Each unit contains: Introduction Learning Objectives Lessons

? Lesson Learning Objectives ? Learning Activities

? Reading ? Exercises, including Case Studies ? Self-assessments ? Lesson Review ? Lesson Assessment Unit Review Unit Assessment

Course 202: Income Tax Planning

Unit 1 Unit 2 Unit 3 Unit 4 Unit 5 Unit 6

TABLE OF CONTENTS

Introduction to Income Tax Planning Proprietorships and Partnerships Corporations Income Tax Compliance, Planning and Research Taxation of Employees and Alternative Minimum Tax Taxation of Property Income

- 5CFPTM Program Overview and Course Descriptions

Unit 7 Unit 8 Unit 9

Taxation of Capital Property Making Use of Tax Advantages Review and Assessment Final Exam

Course 203: Strategic Investment Planning Clients look to their personal financial planners to provide expert guidance on the many issues involved in investment planning. This requires the planner to acquire the knowledge, judgement, and expertise to understand the investment planning process, the various investment products, any income tax implications, and numerous strategies.

This course provides a detailed look at the investment products that individuals use to achieve wealth accumulation objectives. It also presents the framework of Strategic Investment Planning, which provides the personal financial planner with a method to design or evaluate a client's investment portfolio.

The course starts with an overview of Strategic Investment Planning. Then examines financial securities including T-bills, bonds, equities, and financial derivatives. It then looks at mutual funds, real estate limited partnerships, real estate investment trusts, oil and gas investments, film deals, labour-sponsored investment funds, and mutual fund limited partnerships.

Each unit contains:

Introduction

Learning Objectives

Lessons ? Lesson Learning Objectives ? Learning Activities ? Reading ? Exercises, including Case Studies ? Self-assessments ? Lesson Review ? Lesson Assessment

Unit Review

Unit Assessment

- 6CFPTM Program Overview and Course Descriptions

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download