Planit:Calculating Your Client's Net Worth Exercise

From Planipedia

Country Specific

Canada English

Contents 1 Question 1: 2 Question 1: 3 Question 1: 4 Question 1: Question 1: You have already done some investment planning with Walter and Alice Black, but now that they have seen your investment strategy, they are more comfortable with giving you the details of their investments. They tell you: 1. Their joint Non-Registered has a current balance of $30,000 with: $15,000 in Domtar (DTC); $5,000 of which is accrued investment returns Recent investment of $10,000 in a Bond Portfolio Recent investment of $5,000 in a Cash Balance 2. They also have another joint brokerage account with another firm holding: $10,000 in Nortel Networks (Toronto) (NT); $5,000 was their original investment $20,000 in a Canadian Tire Fund (CTC.A); $15,000 of capital was invested $20,000 in a General Motors fund (GXM); $5,000 was return from the original investment $50,000 in a Bond Portfolio; $10,000 of this is from accumulated gains. 3. The LIF you manage for Walter contains $150,000 of: Royal Bank Stock (RY.NO.H) worth $25,000 Alarmforce Industries (AF) for $30,000 A bond portfolio with $60,000 AIC American Focused (AIC336) with $25,000 A cash balance of $10,000 4. Alice’s RRSP with you just contains the AGF Canadian Bond Fund (AGF933) worth $25,000 and a Bank of Nova Scotia fund (Toronto) (BNS) for $15,000. 5. Walter has an LRIF with another bank, with $50,000 in an Axiom Balanced Income Portfolio(ATL975) 6. Alice has a second RRSP with $25,000 of CIBC Renaissance Canadian Balance (ATL836) 7. Don’t forget to add the detailed information for their personal use account. They originally purchased their house for a price of $175,000.

United States of America
{{{United States Workbook Template}}}

Argentina
{{{Argentina Workbook Template}}}

Brazil
{{{Brazil Workbook Template}}}

United Kingdom

Question 1: You have already done some investment planning with Walter and Alice Black, but now that they have seen your investment strategy, they are more comfortable with giving you the details of their investments. They tell you: 1. Their joint Non-Registered has a current balance of $30,000 with: $15,000 in Domtar (DTC); $5,000 of which is accrued investment returns Recent investment of $10,000 in a Bond Portfolio Recent investment of $5,000 in a Cash Balance 2. They also have another joint brokerage account with another firm holding: $10,000 in Nortel Networks (Toronto) (NT); $5,000 was their original investment $20,000 in a Canadian Tire Fund (CTC.A); $15,000 of capital was invested $20,000 in a General Motors fund (GXM); $5,000 was return from the original investment $50,000 in a Bond Portfolio; $10,000 of this is from accumulated gains. 3. The LIF you manage for Walter contains $150,000 of: Royal Bank Stock (RY.NO.H) worth $25,000 Alarmforce Industries (AF) for $30,000 A bond portfolio with $60,000 AIC American Focused (AIC336) with $25,000 A cash balance of $10,000 4. Alice’s RRSP with you just contains the AGF Canadian Bond Fund (AGF933) worth $25,000 and a Bank of Nova Scotia fund (Toronto) (BNS) for $15,000. 5. Walter has an LRIF with another bank, with $50,000 in an Axiom Balanced Income Portfolio(ATL975) 6. Alice has a second RRSP with $25,000 of CIBC Renaissance Canadian Balance (ATL836) 7. Don’t forget to add the detailed information for their personal use account. They originally purchased their house for a price of $175,000.

Russia
{{{Russia Workbook Template}}}

China
{{{China Workbook Template}}}

Malaysia

Question 1: You have already done some investment planning with Walter and Alice Black, but now that they have seen your investment strategy, they are more comfortable with giving you the details of their investments. They tell you: 1. Their joint Non-Registered has a current balance of $30,000 with: $15,000 in Domtar (DTC); $5,000 of which is accrued investment returns Recent investment of $10,000 in a Bond Portfolio Recent investment of $5,000 in a Cash Balance 2. They also have another joint brokerage account with another firm holding: $10,000 in Nortel Networks (Toronto) (NT); $5,000 was their original investment $20,000 in a Canadian Tire Fund (CTC.A); $15,000 of capital was invested $20,000 in a General Motors fund (GXM); $5,000 was return from the original investment $50,000 in a Bond Portfolio; $10,000 of this is from accumulated gains. 3. The LIF you manage for Walter contains $150,000 of: Royal Bank Stock (RY.NO.H) worth $25,000 Alarmforce Industries (AF) for $30,000 A bond portfolio with $60,000 AIC American Focused (AIC336) with $25,000 A cash balance of $10,000 4. Alice’s RRSP with you just contains the AGF Canadian Bond Fund (AGF933) worth $25,000 and a Bank of Nova Scotia fund (Toronto) (BNS) for $15,000. 5. Walter has an LRIF with another bank, with $50,000 in an Axiom Balanced Income Portfolio(ATL975) 6. Alice has a second RRSP with $25,000 of CIBC Renaissance Canadian Balance (ATL836) 7. Don’t forget to add the detailed information for their personal use account. They originally purchased their house for a price of $175,000.

Singapore

Question 1: You have already done some investment planning with Walter and Alice Black, but now that they have seen your investment strategy, they are more comfortable with giving you the details of their investments. They tell you: 1. Their joint Non-Registered has a current balance of $30,000 with: $15,000 in Domtar (DTC); $5,000 of which is accrued investment returns Recent investment of $10,000 in a Bond Portfolio Recent investment of $5,000 in a Cash Balance 2. They also have another joint brokerage account with another firm holding: $10,000 in Nortel Networks (Toronto) (NT); $5,000 was their original investment $20,000 in a Canadian Tire Fund (CTC.A); $15,000 of capital was invested $20,000 in a General Motors fund (GXM); $5,000 was return from the original investment $50,000 in a Bond Portfolio; $10,000 of this is from accumulated gains. 3. The LIF you manage for Walter contains $150,000 of: Royal Bank Stock (RY.NO.H) worth $25,000 Alarmforce Industries (AF) for $30,000 A bond portfolio with $60,000 AIC American Focused (AIC336) with $25,000 A cash balance of $10,000 4. Alice’s RRSP with you just contains the AGF Canadian Bond Fund (AGF933) worth $25,000 and a Bank of Nova Scotia fund (Toronto) (BNS) for $15,000. 5. Walter has an LRIF with another bank, with $50,000 in an Axiom Balanced Income Portfolio(ATL975) 6. Alice has a second RRSP with $25,000 of CIBC Renaissance Canadian Balance (ATL836) 7. Don’t forget to add the detailed information for their personal use account. They originally purchased their house for a price of $175,000.

Hong Kong
{{{Hong Kong Workbook Template}}}

India
{{{India Workbook Template}}}

Caribbean
Jamaica {{{Jamaica Workbook Template}}} Trinidad and Tobago {{{Trinidad and Tobago Workbook Template}}} Barbados {{{Barbados Workbook Template}}} Bermuda {{{Bermuda Workbook Template}}} Bahamas {{{Bahamas Workbook Template}}} Puerto Rico {{{Puerto Rico Workbook Template}}}

Check out another exercise on calculating New Worth that considers zakat due for your Islamic clients.

Check the accuracy of your client against the answer key