PFPI34A Upping your Game

Course overview

PDUs 5 IPFP
Course type Online course
Duration 5 h
Price $500.00 plus taxes

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PFPI34 Faites vos jeux

Description

Leaving a job to change career direction has major repercussions, both in human and financial terms. The couple is left with only one income to meet their needs. What assistance programs are available? What are the tax implications? What are the vulnerabilities in the event of unforeseen circumstances? This training course provides a better understanding of these issues, and presents different avenues for effectively supporting your customers through this transition.

This training offered both in French and English includes one hour of preparatory work and 4 hours of asynchronous training.

Activity recognition

  • CSF: 5 PDUs in general subjects
  • FP Canada: 5 Financial Planning CE
  • CIRO-CE MFD: 5 Professional Development credits
  • CIRO- IIROC: 5 Professional Development credits

Objectives

At the end of this training session, you will be able to:

  • Know how to finance a return to school.
  • Understand the determinants of student financial assistance.
  • Know the consequences of using the Lifelong Learning Plan (LLP).
  • Identify the effects of a spouse's return to school on the family tax burden.
  • Recognize the difficulties surrounding the segregation of finances between spouses in a long-term relationship.
  • Understand certain limits to the health-related risks that can be effectively transferred to an insurer.
  • Understand the evolution of disability insurance underwriting, including telecommuting and cannabis.
  • Take into account the limitations of various long-term financial projection models when analyzing the Retirement Situation.
  • Take opportunity cost into account when assessing life insurance needs.
  • In behavioral finance, learn about the empathy deficit and its effects on financial planning.

Key competencies

By taking this course, you will acquire key competencies in these areas of financial planning:

  • Legal aspects
  • Finance
  • Taxation

This course also helps develop the transversal comptency of global vision, since it involves analyzing complex situations and identifying optimizations and interrelationships between different areas of expertise, objectives and customer needs, thus offering integrated, customized solutions. Finally, it enables the development of the relational transversal comptency of relational intelligence.

Who should attend

This course is designed for professionals who want to improve their advice to people who wish to return to school to reorient their careers.

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Course program

  • Personal situation:

    Contribution to expenses and responsibility for debts in a common-law relationship.

  • Financial situation:

    Educational financial assistance programs and contribution to the couple's cash flow.

  • Tax situation:

    Impact of a drop in income on various tax measures.

  • Protection situation:

    Impact of an interruption in income on eligibility for disability insurance.

  • Retirement situation:

    Impact of an interruption in retirement savings on retirement income.

  • Situation at death:

    Impact of returning to school on the need for life insurance, and assessment of the opportunity cost.

In short

You'll be able to appreciate the different facets of a return to school and propose relevant solutions to your customers for financing this type of project.

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