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When it comes to your financial plan, think process, not product

Elaine Crook - Jul 15, 2019
The “financial planner” title is unregulated in every province outside of Quebec. This means financial planning throughout most of Canada is a vague service offering with few guidelines.

The “financial planner” title is unregulated in every province outside of Quebec. This means financial planning throughout most of Canada is a vague service offering with few guidelines. As a result, it can be hard to know what to expect from a financial plan.

The 2019 RBC Financial Independence in Retirement Poll found that 54 per cent of Canadians reported having a financial plan. This number has remained consistent in recent years, with Ipsos (2015) and CIBC (2017) polls finding the proportion to be 50 and 54 per cent respectively.

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