A client, age 60, is in a low tax bracket today and expects a larger taxable pension after age 65. She has TFSA and RRSP room. Which contribution priority is generally more appropriate?

• A. TFSA, because withdrawals will not increase taxable retirement income.
• B. RRSP, because withdrawals are tax-free.
• C. RRSP only after the client turns 72.
• D. Non-registered account only, because registered accounts are unsuitable after age 60.

A client completed a financial plan two years ago. Since then, she has divorced, changed jobs, and purchased a new home. What is the planner's most appropriate recommendation?

• A. Conduct a comprehensive review of goals, cash flow, insurance, tax, retirement, and estate planning.
• B. Update the file only if the client requests new products.
• C. Wait until the original five-year review date.
• D. Review only the investment portfolio because the plan already exists.

Henri and Jessica have recently moved in together and Henri has been helping Jessica with her investments.
Jessica names Henri trading authority on her TFSA. Henri calls their financial planner requesting to make Jessica's TFSA contribution for this year but first requests the overall balance in Jessica's bank accounts (TFSA, high yield savings, chequing) to know if this is possible. What action would be most appropriate for their financial planner to take?

• A. Provide Henri with the balance since he has authority over the account.
• B. Allow Henri to make the contribution from his account, but do not disclose the balance.
• C. Recommend they establish an enduring power of attorney over Jessica.
• D. Advise Henri that Jessica should contact the financial planner directly.

In order to increase the assets in Rebecca's retirement savings, her financial planner is considering making a number of recommendations. Prior to obtaining her current employment, she withdrew funds from her RRSP under the Lifelong Learning Plan to upgrade her skills. She has four annual installments remaining on her Lifelong Learning Plan withdrawal and a small amount of savings in a TFSA. Rebecca now works as a sales associate in a small clothing store that has a group RRSP program for all employees which matches employee contributions. Which recommendation provides the best long-term impact to grow her retirement savings?

• A. Transfer her existing TFSA savings to her RRSP and start a monthly contribution plan.
• B. Repay the final four annual installments remaining on her Lifelong Learning Plan and start a monthly contribution plan to her RRSP.
• C. Enroll in her company's group RRSP program and start a monthly contribution.
• D. While keeping within her risk tolerance, maximize the equity component of her RRSP and TFSA plans in order to achieve significantly better returns over time.