Your employer has a contributory group RRSP under which he matches employee contributions, up to a maximum of 5% of salary.
Which of the following statements about a group registered retirement savings plan (RRSP) is CORRECT?

• A.It is more costly and time consuming to administer than traditional pension plans.
• B.If you leave your employer, your group RRSP stays with the employer.
• C.You need to wait until you file your taxes to receive your contribution tax deduction.
• D.The employer chooses the plan provider.

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What expense ratio is paid by mutual fund investors for the explicit costs of running the fund?

• A.Operating expense ratio
• B.Management expense ratio
• C.Management fee ratio
• D.Trading expense ratio

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What amount of Canadian taxes would an investor with a 33% marginal tax rate pay on a $5,000 dividend payment from a foreign corporation?

• A.$0
• B.$1,241
• C.$1,650
• D.$825

Correct Answer: C

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At 4:00 p.m. Eastern Time on July 6, the following information is collected for the Marigold Canadian Dividend Fund:
What is the net asset value per unit NAVPU for the Marigold Canadian Dividend Fund for July 6?

• A.$7.19
• B.$7.65
• C.$8.25
• D.$9.27

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Derek submits an order to sell 300 units of the Evergreen Canadian Mortgage Fund at 8:00 p.m. EST on Friday, January 6. His proceeds will be based on the net asset value per unit (NAVPU) for which day (assume no holidays)?

• A.Friday, January 6
• B.Monday, January 9
• C.Tuesday, January 10
• D.Wednesday, January 11

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