Darryl has a diversified investment portfolio of mutual funds in a non-registered account with Investwell Mutual Funds, a mutual fund dealer. Darryl's diversified portfolio is composed of 3 mutual funds. Each mutual fund is currently worth about $100,000. The ABC Canadian Equity Fund has a total return of 6%, the DEF Bond Fund has a total return of 8% and GHI Global Equity Fund has a total return of 10%. Darryl wants to make an in-kind contribution to his registered retirement savings plan (RRSP) account. He has unused RRSP contribution room of $60,000.
From a tax-efficient viewpoint, which funds contribute in-kind to his RRSP account?

• A.Move the DEF Bond Fund to the RRSP.
• B.Move the GHI Global Equity Fund to the RRSP
• C.Move $20,000 from each of the three funds to the RRSP.
• D.Move the ABC Canadian Equity Fund to the RRSP.

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Why is it important that an investor receive a copy of the Fund Facts document when buying a mutual fund?

• A.The investor can verify that his statutory rights have been respected
• B.The investor can verify that the fund has not misstated any material facts
• C.The investor can verify that the fund's stated investment objectives and risk profile match his own
• D.The investor can verify that the fund manager is adhering to the fund's stated investment objectives

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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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Jacinta is a Dealing Representative with WealthSource Partners Inc., a mutual fund dealer registered in Ontario. Jacinta meets with her friend Saabir, who is a licensed insurance agent. Saabir asks Jacinta for a list of Jacinta's clients so that Saabir can reach out to them to ensure that their insurance needs are being met. Which of the following statements about Jacinta sharing the list with Saabir is CORRECT?

• A.If Saabir obtains prior consent from Jacinta to use the clients' personal information for a reasonable purpose, Saabir can contact the clients to inquire about their insurance needs.
• B.If Saabir promptly discloses that he has collected the clients' personal information from Jacinta without their consent, Saabir can use the information for a new stated purpose.
• C.If Jacinta determines that there is a reasonable purpose for sharing the list with Saabir, she can disclose the information to Saabir without obtaining prior consent from the clients.
• D.If Jacinta shares the list with Saabir without obtaining the clients' prior consent, she will be in breach of the Personal Information Protection and Electronic Documents Act (PIPEDA).

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Your client's unused RRSP contribution room is $46,000. He contributes $15,000 in the current taxation year.
How much RRSP contribution room can he carry forward?

• A.$31,000
• B.$46,000
• C.$35,000
• D.$38,000

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