Applied Financial Planning

Anthony, age 65, is concerned about his taxes payable in the event of his death. Anthony is divorced and has named his sister Maria as the beneficiary on his will. He has the following assets:

If Anthony were to die today, what would be the total income taxable on his assets?

Justis, age 62, and his wife Jen, age 58, are meeting with their financial planner, Luke. They are both planning to retire by age 65. Their goals are to minimize debt and reduce taxes. The couple's financial situation is outlined below.

Justis' annual income is $25,000. He has a $15,000 RRSP, $30,000 single non-registered account and a $25,000 TFSA. Jen's annual income is $60,000, and she has a $150,000 RRSP, $50,000 single non-registered account and a $20,000 TFSA.
Jen's marginal tax rate is 35%, and Justis' is 25%. Assuming all investments are making interest income of 10%, what would be the most appropriate strategy for Luke to recommend for the couple?

Janet's non-registered account holds the funds listed in the following table:

Assuming a marginal tax rate of 45%, what amount of tax payable will Janet incur if she redeems the account to fund the purchase of a new business?

Consider the following information for a client's portfolio:

What is the annual rate of return for this portfolio?

Claremont is reviewing his client's portfolio to determine the overall return over the past 12 months using the information provided in the table.

What is the holding period return of the portfolio over the year?