CISI Investment Funds in Canada (IFC) - IFC 模擬練習
An established securities house in Quebec offers several investment products, including mutual funds and various securities (e.g., bonds and stocks). An administrative employee has brought forward a potential fund trading violation by a registered employee. Immediately following the employee's report what action is most likely to occur?
正解: A
Last year Peter's earned income from employment was $50,000.
Last year, after receiving a $2 per share in dividends from 500 shares in ABC Inc., a publicly-traded Canadian corporation, he sold his shares. The sale resulted in a capital gain of $15,000.
Based on the tax rates mentioned above, what is Peter's net federal tax liability for the year? (Round to 2 decimal places).
Last year, after receiving a $2 per share in dividends from 500 shares in ABC Inc., a publicly-traded Canadian corporation, he sold his shares. The sale resulted in a capital gain of $15,000.
Based on the tax rates mentioned above, what is Peter's net federal tax liability for the year? (Round to 2 decimal places).
正解: A
解説: (PassTest メンバーにのみ表示されます)
Xerxes, 45 years old, is a successful architect, having an annual income of $185,000. He has around $10,000 in his non-registered account, which he is looking to invest in a tax-efficient manner.
From the following options, which would be the most tax-efficient?
From the following options, which would be the most tax-efficient?
正解: A
解説: (PassTest メンバーにのみ表示されます)
Danny is a Dealing Representative for Everbright Investments. He met with his client Adele, who has
$1,000,000 to invest. During their meeting Danny determines that Adele has a high-risk profile. In addition, he learns that she has an excellent understanding of equities and how volatile they can be. Danny is considering recommending growth funds specifically, and making a recommendation from the following investment options:
Based on the information provided, which mutual fund should Danny recommend?
$1,000,000 to invest. During their meeting Danny determines that Adele has a high-risk profile. In addition, he learns that she has an excellent understanding of equities and how volatile they can be. Danny is considering recommending growth funds specifically, and making a recommendation from the following investment options:
Based on the information provided, which mutual fund should Danny recommend?
正解: C
解説: (PassTest メンバーにのみ表示されます)
Davis invested in a tactical asset allocation fund in his non-registered investment account. Distributions from the mutual fund are paid directly to Davis and not reinvested. Assuming a federal marginal tax rate of 26%, dividend gross-up rate of 38% and federal dividend tax credit rate of 15%, which type of distribution would result in the lowest amount of tax payable?
正解: C
解説: (PassTest メンバーにのみ表示されます)
Which of the following Dealing Representatives has fulfilled their "Know Your Product" obligation?
正解: A
解説: (PassTest メンバーにのみ表示されます)
In which province must registered dealing representatives notify their securities administrator of a personal bankruptcy?
正解: D
解説: (PassTest メンバーにのみ表示されます)
Why is it important to include ethical decision-making as a Standard of Conduct?
正解: C
Which security is most likely to provide a capital gain if held to maturity?
正解: B
解説: (PassTest メンバーにのみ表示されます)
Marta is turning 71 years old this year. She will have to convert her registered retirement savings plan (RRSP) to a registered retirement income fund (RRIF). Which of the following statements is TRUE?
正解: A
解説: (PassTest メンバーにのみ表示されます)
Fernanda, an advisor, is setting up her process for completing client suitability assessments. What must Fernanda do with respect to investment suitability?a
正解: D
An unlicensed person was hired at a securities administrator, and they accepted their first case, which may result in suspending a registrant's license. The new hire immediately requests a subpoena of witnesses (and evidence) and requests guidance from the FATF. What error did the new hire likely commit?
正解: B
解説: (PassTest メンバーにのみ表示されます)
Ken is a member of his employer's Defined Benefit Pension Plan (DBPP). Which of the following statements about Ken's plan is CORRECT?
正解: C
解説: (PassTest メンバーにのみ表示されます)
The Canadian Investor Protection Fund provides what amount of maximum protection for eligible customer losses due to a dealer member's insolvency?
正解: A
解説: (PassTest メンバーにのみ表示されます)