Plansmart is designed for those in the early to mid-career stage. The program emphasis is on accumulating assets, managing debt and protecting earning power. The earlier planning begins and action is taken, the better the results. The course material will help participants understand why there are financial planning priorities and assist them to establish their own goals.

Plansmart User Profile:
  • I want to plan for the future but enjoy today.
  • I want to manage cash flow efficiently.
  • I want to handle debt issues at lowest cost.
  • I want to know the best way to invest my savings.
  • I want to manage risk factors that could stop my earning power.

Education Modules:

Basic Financial Concepts

Certain basic concepts are essential to understanding the importance of strategic planning. Recognizing the impact of such factors as inflation, compounding, real rates of return, and demographic influences are a sound starting point.

Tax and Tax Planning

Knowing how the Canadian tax system works and what can be done to reduce the amount of tax that is paid is the focus of this module. Suggested strategies illustrate how Canadians can keep more of their money working for themselves, resulting in significant long-term benefits.

Budgeting, Cash Flow and Debt Management

Major expenses such as mortgages, car loans and the cost of raising a family are high at a time when people are getting started. How can they balance these obligations while trying to enjoy their current lifestyle and save for the future?

Managing Risks

This session deals with the risks that can impair or stop an individual's earning power. Specifically, the topics of life, disability and critical illness insurance are examined.

Planning for the Future

Although such things as retirement and tuition costs may seem to be far off in the future when you're just starting out, small sacrifices made today can foster huge results down the road. Having a plan and starting early are two key messages covered in this section.

Investing and Portfolio Structure

What is the best approach to investing in order to balance risk and return? This session deals with investment alternatives, the costs of investing and the portfolio approach that differentiates investing from speculating.

Sources of Retirement Income

This material examines the best uses of personal assets, government entitlements, and employer sponsored programs in structuring retirement income.

Estate Planning

This section looks at some basic estate planning issues including the use of wills and trusts. The content is applicable not only to the participants but also to their parents because of intergenerational wealth transfer issues that may impact both parties directly.