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Question #18 – Taxation
May 13, 2019
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
May 06, 2019
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
April 29, 2019
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)
April 22, 2019
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
April 15, 2019
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
April 08, 2019
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
April 01, 2019
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)
March 25, 2019
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
March 18, 2019
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)
March 11, 2019
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)
March 04, 2019
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
February 25, 2019
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...
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