Personal Finance I
Overview
- Introduction to financial planning steps and components.
- Introduction to personal income tax.
- Calculating saving and investing requirements to reach goals.
- Mortgages and debt planning.
- Insurance products and planning.
- Government programs including OAS, CPP, GIS, RRSP, FHSAs, RESPs, RDSP, and TFSAs.
- Retirement planning.
- Wills and estate planning basics.
Lectures, in-class and online assignments, completion of own personal financial plan.
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.
Upon completion of the course, a successful student will be able to:
- develop effective financial planning goals;
- prepare and analyze personal financial statements (including a personal budget, cash flow statement, and statement of net worth);
- incorporate knowledge of personal income tax in financial planning decisions;
- consider and calculate various types of personal insurance needs and coverage options;
- recommend appropriate asset mix to reach financial goals;
- analyze financial factors impacting mortgage qualification; and
- calculate and recommend strategies to achieve retirement goals using FP Canada mortality assumptions, RRSPs, TFSAs, OAS, CPP, and pensions.
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.
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 | More details |
---|---|---|---|---|
CRN
12953
|
Tue | Instructor last name
Fraser
Instructor first name
Morna
|
Course status
Open
|
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
14221
|
Thu | Instructor last name
Lu
Instructor first name
Anderson
|
Course status
Open
|
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
15047
|
Wed | Instructor last name
Lu
Instructor first name
Anderson
|
Course status
Open
|