QAFP Tax Planning Guide

Use this chapter to study Tax Planning for the FP Canada QAFP exam. The chapter weighting is 12%, and the study goal is to understand how this domain affects an entry-level integrated financial-planning recommendation.

This chapter is mainly about Canadian tax basics, income character, deductions, credits, registered-plan interaction, and after-tax planning. Read the section articles in order, then return to the QAFP Cheat Sheet when you need faster recall.

Sections in this chapter

• Collection (Function 1)
• Analysis (Function 2)
• Recommendation (Function 3)

How to study this chapter

• Start with the client objective and the constraint that controls the answer.
• Identify whether the issue is mainly cash flow, investment, insurance, tax, retirement, estate, or process quality.
• Check at least one second-order effect in another planning domain.
• Prefer practical recommendations that can be implemented with the client facts provided.

In this section

• QAFP Collection (Function 1) Guide
  Learn collection (function 1) for FP Canada QAFP, with learning objectives, key concepts, exam focus, planning application, and traps.
• QAFP Analysis (Function 2) Guide
  Learn analysis (function 2) for FP Canada QAFP, with learning objectives, key concepts, exam focus, planning application, and traps.
• QAFP Recommendation (Function 3) Guide
  Learn recommendation (function 3) for FP Canada QAFP, with learning objectives, key concepts, exam focus, planning application, and traps.