Personal Financial Planning

Personal Financial Planning – Assignment #5. Due Monday Dec 7th at noon.

Total 2 pages maximum – be specific and concise. (Pretend your answer will be printed in a newspaper and read by the general public).

Q#1. (3 Marks) Explain how a ‘Spousal RRSP’ works highlighting when they are most useful and what restrictions are in place when depositing and withdrawing funds from one.

Q#2. (7 Marks) Combining what you have learned about sources of government revenue along with savings programmes such as a TFSA and RESP and aspects of debt such as lines of credit, student loans and credit scores discuss your opinion on whether university and college tuition in Canada should be free.

Each of the following words must be used at least once in your assignment.

· their / there / they’re

· to / too / two

· it’s / its

· threw / through

· by / bye / buy

· principal / principle