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| Section | Weight | Objectives |
|---|---|---|
| Savings Planning and Debt Management | 10% | - Net Worth and Cash Management Planning
|
| Estate Planning | 10% | - Trusts and Powers of Attorney
|
| Retirement Planning | 20% | - Registered Pension and Retirement Income Plans
|
| Investment and Tax Planning | 10% | - Tax Planning Strategies
|
| Financial Planning for Small Business | 15% | - Small Business Financial Planning
|
| Financial Planning Practice | 10% | - The Personal Financial Planning Process in Canada
|
| Insurance Planning | 10% | - General Insurance
|
| Family Law | 15% | - Fundamental Aspects of Family Law
|
What is the tax treatment on disability assistance payments for Registered Disability Savings Plans?
Correct Answer: C 🗳️
Which statement describes the doctrine of non est factum as it applies to contracts?
Correct Answer: C 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
Joshua and Marie are siblings who inherited an apartment building from their parents, which they now own jointly. They share the net profits equally, but they do not have a signed agreement. What ruling will the courts apply with respect to the existence of a partnership?
Correct Answer: D 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
Kienle has provided his advisor with the following information:
($)
Income last year
50,000
Pension adjustment last year
2,500
Unused contribution room from previous years
3,500
Assuming he has never over-contributed, what is the maximum amount that Kienle can put into his Registered Retirement Savings Plan without incurring a penalty?
Correct Answer: B 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
William and Sage entered into a contract for Sage to purchase a building from William in three months' time, but the building had a fire and burned down after two months. What defense would best support the termination of this contractual relationship?
Correct Answer: D 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
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