Reference no: EM132252557

Assignment -

Case - Bisson FAMILY FINANCIAL PLAN (A)

Need vigorous financial analysis (analysis that covers all aspects) for this case. Also need alternative solutions as well.

Your submission is required in CASE ANALYSIS FORMAT. You have not had a tax course so for tax planning purposes, you will have to look up the following items on the CRA (Canada Revenue Agency) government of Canada site:

The personal Tax credits for each parent

The tax reduction for each dependent child and take those dependent credits off the husbands income.

Use a tax rate of 0% on the remainder of the husband's taxable income, and 25% on the wife's taxable income.

These are not the entire case; however, here are some issues you should think about when answering this case:

1. If the Bisson's had an income statement and a balance sheet, what would those look like right now? How might they change?

2. They keep increasing their income but never get any further ahead. How elements can you suggest they change?

3. Just like a business, what discretionary spends can be eliminated or reduced?

4. Are the interest rates they are paying on their mortgage too high? What mortgage rate and term could they have?

5. How can you suggest that they get rid of their credit card debt and not have any in the future?

6. What is realistic for their goals?

In this business, the client has many alternative financial planners to choose from. Remember, that the financial planners need to keep the client and make the plan doable/feasible for the client who is not money savvy and likes the good life, while actually helping them to not go bankrupt.

Note - Need finance assignment only quantitative analysis and alternative solutions. Need only vigorous financial analysis and alternate solutions. 7-8 pages analysis with tables as well. 1-2 pg alternative solutions (minimum 2).

Attachment:- Assignment Files.rar