Course

Personal Finance I

Faculty
Commerce & Business Administration
Department
Finance
Course code
FINC 2300
Credits
3.00
Semester length
15 Weeks
Max class size
35
Method(s) of instruction
Lecture
Seminar
Course designation
None
Industry designation
CFP,QAFP
Typically offered
To be determined

Overview

Course description
This course applies the six-step financial planning process to basic financial planning scenarios. Topics include setting goals, creating personal financial statements, debt management and calculation of mortgage financing options. Savings and investment products are covered as well as the essentials of RRSPs, TFSAs, FHSAs, RDSPs, government benefit programs, and personal insurance. Taxation as it relates to long-term personal financial planning is covered at an introductory level. In addition, an overview of the products and services available to individuals through financial institutions will be covered.
Course content
  1. Introduction to financial planning steps and components.
  2. Introduction to personal income tax.
  3. Calculating saving and investing requirements to reach goals.
  4. Mortgages and debt planning.
  5. Insurance products and planning.
  6. Government programs including OAS, CPP, GIS, RRSP, FHSAs, RESPs, RDSP, and TFSAs.
  7. Retirement planning.
  8. Wills and estate planning basics.
Learning activities

Lectures, in-class and online assignments, completion of own personal financial plan.

Means of assessment

Assessment will be based on course objectives and will be carried out in accordance with the 51Ç鱨վ Evaluation Policy.

Assignment(s) or case(s)

10% - 20%

Term Tests or quizzes

30% - 50%

Individual Financial Plan

10% - 15%

Final Exam

30% - 40%

 

100%

No single assessment will be worth more than 40%.

Students must achieve a minimum grade of 50% on the combination of term exams and the final exam, or any other component that is individual and invigilated under exam conditions. Instructors will provide clarifications as to which components are considered invigilated components in their course outlines.

Learning outcomes

Upon completion of the course, a successful student will be able to:

  1. develop effective financial planning goals;
  2. prepare and analyze personal financial statements (including a personal budget, cash flow statement, and statement of net worth);
  3. incorporate knowledge of personal income tax in financial planning decisions;
  4. consider and calculate various types of personal insurance needs and coverage options;
  5. recommend appropriate asset mix to reach financial goals;
  6. analyze financial factors impacting mortgage qualification; and
  7. calculate and recommend strategies to achieve retirement goals using FP Canada mortality assumptions, RRSPs, TFSAs, OAS, CPP, and pensions.
Textbook materials

Textbooks and materials to be purchased by students

Madura, Jeff and Gill, Hardeep S. Personal Finance. Latest Canadian Edition, Pearson, or alternate textbook approved by department.

Calculator: Texas Instruments BA II Plus or as approved by department

Requisites

Prerequisites

One of FINC 1231, FINC 1230, MATH 1120, MATH 1125, ACCT 1235, or ACCT 1210,

OR currently active in one of the following:

PBD Accounting 
PBD Accounting and Finance
PBD Finance
PDD Accounting 
PDD Financial Analysis 
PDD Financial Planning
PDD Global Banking and Economics

Corequisites

None

Equivalencies

None

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

(Current)

Course Transfers to Other Institutions

Below are current transfer agreements from 51Ç鱨վ to other institutions for the current course guidelines only. For a full list of transfer details and archived courses, please see the .

Institution Transfer details for FINC 2300
Langara College (LANG) LANG FMGT 1XXX (3)
Simon Fraser University (SFU) No credit
Thompson Rivers University (TRU) TRU FNCE 4XXX (3)
University of Northern BC (UNBC) UNBC COMM 2XX (3)
University of the Fraser Valley (UFV) UFV BUS 245 (3)
University of Victoria (UVIC) UVIC COM 2XX (1.5)
Vancouver Island University (VIU) VIU FNCE 221 (3)

Course Offerings

Winter 2026

CRN Days Instructor Status
Maximum seats
35
Currently enrolled
0
Remaining seats:
35
On waitlist
0
Building
Anvil Office Tower
Room
609
Times:
Start Time
9:30
-
End Time
12:20
CRN Days Instructor Status
Maximum seats
35
Currently enrolled
0
Remaining seats:
35
On waitlist
0
Building
Anvil Office Tower
Room
608
Times:
Start Time
15:30
-
End Time
18:20
CRN Days Instructor Status
Maximum seats
35
Currently enrolled
0
Remaining seats:
35
On waitlist
0
Building
Anvil Office Tower
Room
609
Times:
Start Time
18:30
-
End Time
21:20