BADM*4070 DE Chapter 1: Chapter 1
Document Summary
Rrsp have a deadline to make deposits into, which is in february. Canada savings bonds have a purchase deadline of november 1. The nancial planning process is simple, it discusses how much money you will need to achieve your goals in the future, and how you"re going to get it. Financial goal equation: existing savings money + investment income for x years on existing savings + (earnings - consumption each year) + investment income on the yearly savings. Principles of nancial planning stay the same, but our environment is constantly changing. When it comes to nancial planners, the quality of the nancial plan they plan for you is a ected by who pays them. So you should ask your nancial planner who pays them to their job. Salaried employees of nancial institutions: they normal provide advice to their customers for free or for a very small charge.
