Course Description

It's important for households, like businesses, to have both a net worth statement (balance sheet) and a budget (income and expense statement). We will identify all possible retirement income sources, both government and personal, and complete the net worth statement and budget to determine your retirement and estate planning needs. With these documents we will build a retirement plan which, in turn, will help to discover what surplus remains to be dispersed between your beneficiaries. We will also discuss the need for a proper legally-drafted will, enduring power of attorney and/or a personal care directive. Some math calculations are required with a calculator (see course notes for recommendations for purchase or to download to your cellphone, tablet or computer) so that you become familiar with the logic and mechanics involved with organizing your affairs.

Course Details

Learning Outcomes

By completion of this course, successful students will be able to:

  • construct and calculate a budget, a retirement analysis, and an estate valuation
  • identify the risks and limitations when investing for retirement
  • identify how best to compensate for retirement investment risks and limitations
  • identify the tax and legal considerations both during retirement and at one's death
  • recognize when it is necessary to consult professionals such as lawyers, accountants, trustees, and financial planners


There are calculator options, what you need is any calculator that can perform present and/or future value calculations. It should have keys for present value (typically PV), payment (PMT), future value (FV), interest rate (i) and time (n). If you have all those available, on whatever calculator you are using, then you are good to go.

You can search “financial calculator” on the net and find free online versions.

The instructor uses the HP 12C.


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6:00PM to 9:00PM
Sep 28, 2020 to Oct 26, 2020
Schedule and Location
Delivery Options
Course Fees
Fee Before GST non-credit $285.00
Section Notes

This course uses Desire2Learn (D2L), an online learning management system. The instructor will post your course outline and other materials in D2L. For more information about D2L, please visit our Online Learning Resources.

Unless otherwise stated, notice of withdrawal or transfer from a course must be received at least seven calendar days prior to the start date of the course.

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