Retirement Planning Textbook

This textbook is used for Retirement Planning Courses in Personal Financial Planning Programs of Community Colleges and Universities. You will also find it valuable in your personal studies in preparation for writing the Professional Exams.

The Textbook includes 342 pages addressing the components of retirement planning as defined in the CFP® Body of Knowledge and the PFP® Professional Competency Profiles.

RETIREMENT PLANNING

  • Retirement Planning
  • Government-Sponsored Retirement Income Programs
  • Registered Retirement Savings Plans and Registered Retirement Income Funds
  • Employer Sponsored Pension Plans
  • Other Savings Plans
  • Pension Adjustments, Locked-In Funds, & Transfers Between Plans
  • Annuities
  • Investment Planning
  • Income Tax Planning
  • Post-Retirement Plan
  • Retirement Savings Plan


The Textbook will guide you through current and up-to-date concepts, definitions and strategies required to address client’s needs with examples as to how they apply to client situations that you would find on the examinations.

Concept

Upon becoming a member of a plan that is regulated by the Federal Pension Benefits Standards Act; your pension benefits are immediately vested. You are entitled to receive the accrued pension benefits when you cease to be a member of the plan.

 Definition

The carry‑forward of unused RRSP deductions is a provision that allows you to carry forward the deduction for RRSP contributions made after 1990 indefinitely and use it in a future year (ITA 146(5) and (5.1)).

Example

Five years ago, Mark contributed $5,000 to a spousal RRSP for his wife Karen.  Last year, Mark contributed $2,000 to another spousal RRSP. Last year, Karen withdrew $3,000 from the first spousal RRSP.  Even though these funds had been in the RRSP for five years, Mark has an attribution of $2,000 of this withdrawal because he had made contributions of $2,000 to a spousal RRSP within the previous 3 years.

 So, Mark had to include $2,000 in his taxable income, while the amount attributed to Karen was $1,000, calculated as:

  •  (withdrawal of $3,000 – amount attributed to Mark of $2,000).

The Personal Financial Planner's Manual™

The Textbook is included as one of the sections of The Personal Financial Planner's Manual™.

The Personal Financial Planner's Manual

Shipping

We ship the Textbook by Canada Post to the mailing address that you give us. 

Trade Mark

The Personal Financial Planner's Manual™ is a trade mark of D. R. Gobeil & Associates Ltd.

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