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FP Solutions

Who is CCH Canadian Ltd?

• CCH is a professional publishing and software company focusing on: – Tax– Financial Planning– Legal, HR and other business areas

• CCH is part of a large multi-national corporation named Wolters Kluwer

FP Solutions

Financial planning software that grows with your practice and adapts to your clients’ changing needs.

Basic – Retirement planning & Sales concepts

Plus – Insurance needs analysis

Business

Advanced – Cash flow

FP Solutions Top 10 Features

1. T1 Tax Calculations

2. Fact Finder

3. Annual Review Tool

4. FP Focus

5. Planning Assistant

6. Common Planning Strategies

7. Value & Return on Advice

8. Planning Concepts9. Customization10. Software Support

General Income Tax and Benefit Guide

#1 T1 Tax Calculations

• All income taxes are calculated based on CRA guidelines.

• Does not require the advisor to make any assumptions relating to the rate of tax.

• Highest standard.

#2 Fact Finder

• Fully integrated• Easy to use• Financial Snapshot• Printable• Data entry method• Email to client• Saves time

#3 Annual Review Tool

• Displays existing data

• Method of data entry• Fully integrated• Printable• Highlights changes• Easy to use• Saves time

#4 FP Focus

• Executive summary covering 9 key areas of financial plan.

• Consistent and client-friendly reports

• Flexibility to change graphs on the fly.

#5 Planning Assistant

Guides you through:

1. Basic Data2. Review Data3. Current Situation4. Save More5. Asset Allocation6. Recommendation

s7. Printing the Plan

#6 Planning Strategies

• 20 Strategies covering common areas including:– Income Splitting– Retirement Strategies– Tax Planning– RRSP / RRIF– Investment

Strategies– Pension / LIRA

#7 Value of Advice

• Measure of performance• Third party validation• Integrates fees into plan • Calculates return

needed outside of the plan

• Positions the financial plan as an investment

• Best investment clients can make

& Return on Advice

#8 Planning Concepts

• Estate Multiplier• Insured Annuity• Retirement Lever

age• RRSP Strategies• RRSP Leverage• Income Comparis

on• Debt Consolidatio

n

• Terminal Return• Tax Freedom Day• Tax Funding Alternati

ves• Investment Strategies• Investment Leverage• Lost Opportunity Cost

#9 Customization

• Custom Documents– Global, all clients– Easy to use– 100s of documents– 100s of graphs– Branding– Custom formulas– Password protection

• Client Reports– Personalized for

each client– Fine tuning– Permanent record– Email to clients– Password

protection

#10 Software Support

• Toll-Free Tech Support– 8:00 AM to 8:00 PM

(EST)

• www.training.cch.ca– Live web classroom– Recordings of live web

sessions– Interactive tutorials– Knowledge base

• New Tutorial CD• New User Reference

Guide

IPC Advisor DiscountIPC Advisor DiscountSingle user license

Software Level Annual Subscription

IPC Advisor Special Price

Basic $ 290 $ 194

Plus $ 500 $ 334

Advanced $ 850 $ 567

Business $1,250 $ 834

Contact CCH for more information or a free demo1-800-268-4522 or www.cch.ca

Tracks both the year end balance and deferred taxes

Automatically calculates annual RRSP contribution maximums and RRIF minimums

Allocate amongst seven different asset categories

Properly track the portfolio balance, ACB, unrealized capital gains and the tax deferred

Use solve utilities to determine deposits and/or withdrawals

Allocate amongst seven different asset categories

Creates projections that track deposits, balance, expenses and government programs (i.e. CESG)

Automatically integrates unfunded expenses with other lifestyle needs

Produce either an RESP or In-trust for account for up to seven children

Keep track of both the living and estate value of the pension plan

Show MPPs, LIRAs, and IPPs

Flexibility to choose between LIF or LRIF withdrawals with automatic minimum calculations

Income and asset value are integrated into full financial plan

Model both registered and prescribed annuities with proper cash flow tracking

Use program to calculate income or manually enter the annuity income

Allows for changes in value of real estate and mortgages in future years

Automatically calculates amortization and integrates payments into cash flow

Handles both principal residences and recreational properties

Includes a separate document for leveraging CSV

Import results from various life insurance software projection programs

Show all types of life insurance including UL, group and joint

Solve utility helps determine how long assets can provide the desired retirement lifestyle

Calculates how much client needs to save to attain retirement goals

Compares the clients’ goals with three user -definable portfolios

Easily integrate suggested asset allocations into the projections

Show different suggested allocations for the non-registered and registered accounts

Use the questionnaire provided or manually set the risk tolerance

Calculates life insurance needs every year of the plan

Clearly illustrates the need for additional life insurance for three different investment strategies

Shows both graphically and numerically the impact of the death of a spouse

Displays the benefits that life insurance add to an estate

Automatically calculates the probate and legal fees that occur in estate situations

Show the impact of second death on the value of the clients’ estate

Compares the after-tax income when disabled to the lifestyle needs

Performs analysis of both critical illness and long term care needs

Model the issues that arise when a client becomes disabled

Tracks the deferred tax and displays the proper tax issues involved with owning options

Both asset value and income generated from options are integrated into full financial plan

Model up to 10 different stock options

Properties can be sold in any year and recapture or terminal loss is automatically calculated

Tracks CCA, maintenance costs and rental income

Enter up to five commercial properties along with their mortgages

Automatically calculates the OAS clawback

Shows income and tax thresholds on the same graph

Performs and documents annual T1 tax calculations

Clearly outlines disposable income that is available for investing

Optimize tool automatically determines how cash flow excesses and deficiencies are handled.

Fully integrates all cash inflows and outflows on an annual basis

Calculates and displays the estate net worth

Displays any liabilities and/or deferred taxes created from assets

Produces both year-by-year net worth projections and point in time net worth statements

Focuses on four key areas including income, taxes, cash flow and net worth

Shows the difference in taxes and net worth when two scenarios are compared

Shows the value of planner advice and proper financial planning

Focuses on taxes, net worth and after-tax net worth

Helps demonstrate to clients that fees paid for planning advice are an investment

Indicates the return required on the fees for the plan to get the same results as produced by the advice given

Calculates the estate issues involved in business planning

Both assets and cash flows from the corporations are integrated with the personal financial plan

Model up to six companies, including two holding companies and four operating companies

Tracking of both RDTOH and CDA allows the program to automatically calculate taxable and tax-free dividends

Make payments to shareholders in the form of dividends, capital gains and shareholder bonuses

Enter the details of the assets that make up the corporation

Automatically integrates with the Capital Dividend Account (CDA)

Software tracks the ACB of the policies and allows for the paying of insurance dividends to owners

Model corporately owned term, whole or UL insurance policies

Pay dividends out of the investment account and have RDTOH and CDA automatically calculated

Track corporation cash flow by using the investment deposits and withdrawals

Model detailed asset allocation of all corporate investment assets

Tracks CCA and allows for disposition of properties at any time

Rental income is automatically factored into the RDTOH calculations

Display the asset and liabilities attributed for up to five corporately owned real estate properties

Shows the current need for life insurance

Determines the retirement income excess or shortfall

Displays the current net worth

Mirrors the paper version and can be filled out electronically

Easy to navigate by both you and your clients

Speeds up the data gathering process

Displays existing data from FP Solutions files

Highlights any data changes that are made

Speeds up the review process.

Provides space for detailed notes

Can be printed blank for use with new clients

Captures all of the detailed data necessary to create a plan

Program automatically creates two scenarios within the existing client file

Illustrates the impact of the concept on the client’s after-tax estate

Shows difference in both estate and equity values

Projects the future after-tax estate values of both scenarios

Illustrates the impact on the client’s after-tax income

Program automatically creates two scenarios within the existing client file

Compares a regular investment strategy to borrowing against the cash value of a tax preferred insurance contract

Illustrates the advantages of tax deferred growth within a life insurance policy

Graphically compares both the equity and estate values

Allows the comparison of varies strategies within the RRSP accounts

Show the advantages of early contributions, maximizing foreign content, and other common strategies

Fully integrated with the rest of the program

Models the concept of borrowing to top off RRSP contributions

Creates leverage scenario and compares it to a regular deposit scenario

Integrates with an existing financial plan or can be modeled as a separate concept

Educates clients about the different types of investment income

Compares after-tax income of interest, dividends and capital gains with the after-tax income of existing portfolio

Reinforces the advantages of a tax efficient portfolio

Choose amongst all 17 debt areas available within the software

Models the impact of holding high interest debt

Can be used to uncover funds for use in investment activities

Shows the detailed tax liability payable on second death at life expectancy

Produces a document clients are familiar with and understand

Motivates the client to engage in proper tax planning strategies

Shows the date each year that a client stops working for the CCRA

Shows the impact of any tax planning strategies that you may recommend

Based on the T1 calculations built into the software

Demonstrates the impact taxes will have on the estate of the clients

Shows four ways of paying for the estate tax: using cash, selling the assets, borrowing or using life insurance

Flexibility to choose the assets that need protection and set life expectancy

Compares recommended strategies to current

Allows you to demonstrate effects of asset allocation, deposit timing and portfolio turnover

Automatically creates two scenarios that are saved within the client file

Creates documents that compares leveraging the investment portfolio to making regular deposits

Automatically integrates into the full financial plan

Allows the debt to be paid back using blended or interest-only payments

Calculates the lost growth on taxes paid from an investment portfolio to illustrate the true cost of income tax

Lost opportunity can be calculated on client, spouse and joint non-registered accounts

Helps educate clients on the benefits of tax sheltered investing

Three month rolling calendar list upcoming sessions

Clicking the session title provides a detailed description

Register for session through the calendar

Session list provides details of all sessions available

Clicking the session title will provide a description

Quickly register for a session using the button provided

• RRSP / RRIF• Non-registered• Education Savin

gs• Pension Plans• Annuities• Real Estate• Life Insurance

FP Solutions BasicSingle Needs, Concepts and Retirement Planning

• Retirement Needs• T1 General Tax• Risk Tolerance• Financial

Calculators• Solve Deposit• Solve Withdrawal• Mutual Fund Import

FP Solutions PlusGoal Based Personal Financial Planning

• Retirement Capital Needs (Investing)

• Survivor Capital Needs (Life Insurance)

• Estate Capital Needs (Tax and Liquidity)

• Disability Capital Needs (DI, CI, LTC)

• Employee Stock Options• Commercial Real Estate

FP Solutions AdvancedCash Flow Based Personal Financial Planning

• Detailed Income Projections• Detailed Cash Flow Projections• Detailed Net Worth Projections• Change in Financial Position• Planning Assistant• Planning Strategies

FP Solutions BusinessIntegrated Corporate Financial Planning

• Estate Planning (Freezes / Family Trusts)

• Holding & Operating Companies• Corporate Owned…

– Life Insurance– Investments– Real Estate

• CDA & RDTOH Calculations