Working Together to Plan Your Tomorrow
Your CFP® professional or QAFP® professional will act as a partner to you over the long haul. Step-by-step, you’ll work together in your journey to financial well-being. To start the process of working with your financial planner, here’s the essential information to bring to your first meeting:
- Goals – Your short-, mid- and long-term financial and life goals. If your dream is to retire in the Caribbean, can you afford it?
- Your Responsibilities – Current financial responsibilities and those you expect to take on in the future, like putting your kids through university or supporting an aging relative.
- Income & Expenses – An overview of your bills, rent or mortgage payments, car payments, credit card bills, and monthly recreational expenses like gym membership or streaming services. If you have a budget, bring that. And some people track their expenses – bring that too.
- Documents – Various financial documents like employee benefits, credit card statements, investment statements, RRSP, RESP or TFSA statements and insurance policies.
- Assets & Liabilities – Your property, investments and/or inheritances, along with any debts
- Tax Information – Bring along a copy of Canadian and any applicable foreign tax returns for the past two years and any corporate tax returns, if applicable. Some planners will want to see tax information for a longer period, depending on your situation. If your income information isn’t clearly captured on your tax returns, be sure to include it separately.
- Questions to Ask Your Financial Planner – A list of questions to ensure your planner is the right fit.
Questions to Ask Your Planner →