Weekly Questions

Question #18 – Taxation

At the end of 2017 Larry had unused RSP contribution room of $10,000. During 2018, he earned a salary of $50,000 and reported total income of $53,0...

Question #17 – Taxation

Of the following, who will report the highest amount of taxable income due to the receipt of a $10,000 dividend from the following sources? Glen w...

Question #16 – Financial Analysis

At the end of a five-year period who will have the greatest amount of money saved? Edgar who deposited $10,000 at the beginning of the period and ...

Question #15 - Investments (Options, Calls/Puts)

You have three friends who want to begin trading options. Each tells you that they will begin with trades/strategies that limit the maximum loss th...

Question #14 - Government Benefit Plans

Which of the following is incorrect regarding EI Maternity and EI Parental Benefits? EI Maternity Benefits are available for a period of no more t...

Question #13 - Investments

The market risk premium is 8%. If the risk-free rate of return is 2% and the beta of a security is 1.3, what is the expected return for the securit...

Question #12 - Government Benefit Plans

Grant will qualify for a monthly CPP retirement benefit of $1,000 at age 65. Instead however, he chooses to begin his CPP one year early. How much ...

Question #11 – Economics (monetary vs. fiscal policy)

During a difficult period in the business cycle, the government intervenes and takes a number of steps to stimulate the economy. Which of the follo...

Question #10 – Insurance

After paying into a whole life policy for over 20 years, Gordon cashes out his policy and gives the cash surrender value (CSV) of $60,000 to his on...

Question #9 – Registered Plans (RDSP)

Mary (35 years old) and Chester (40 years old) are both disabled and qualify for the disability tax credit. They are friends and live separately. M...

Question #8 – Registered Plans (RESP)

In order to receive CESG grant in one’s RESP once a beneficiary is 16 and 17 years old there are additional conditions that must be met. Of the fol...

Question #7 - Insurance/Annuity

Muriel (aged 65) and Arma (aged 67) are married and recently retired. They want to purchase an annuity with non-registered money. Which of the foll...