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Q1: A successful business owner, Paul along with his wife (they currently do not have kids) have the following in assets and liabilities: $250,000 RRSPs
Q1: A successful business owner, Paul along with his wife (they currently do not have kids) have the following in assets and liabilities: $250,000 RRSPs for Paul and his wife has $100,000 in RRSPS; The couple has annual income around $180,000 and budgets of expenses around $120,000; They are 43 years old; They own their home worth $2,000,000 and have the outstanding mortgage of $1,300,000. The couples are considering to either invest one more property and/or change their current primary residence to a larger house with a separate lega. for mortgage helper; Use the six essential components of financial planning to provide sound financial advice to the clients. (50Marks)
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