Question: 1. What is a financial plan? 2. Why does a family need a financial plan? 3. When should you start financial planning? 4. What are

1. What is a financial plan? 2. Why does a family need a financial plan? 3. When should you start financial planning? 4. What are the characteristics of a financial plan? 5. Should you ever need to adjust or update your financial plan? Why? Why not? 6. What are the elements of a financial plan? 7. What can be understood by EINANCIAL. PLANNING ASSUMPTIONS? 8. How much is a down payment for a $1000000 house in Toronto? 9. What is a TFSA? How does it work? 10. Is a Personal Line of Credit similar to a TFSA bank account? Yes / No

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