Martine is working with Ishmail, her financial advisor, to develop her client investor profile. In her overall risk profiling, it was determined that Martine could tolerate an asset allocation of up to 70% of her portfolio.
She currently has a goal of saving for a down payment for her first home, saving for her young children's education and retirement. Ishmail uses a one-fund strategy for all his client accounts - Martine would be allocated the "growth" fund to all her investments and savings under his management. What should be Martine's most significant risk in using this strategy at this stage?

• A.Overall cost-benefit of managed products for short-term goal funding
• B.Unsuitable allocation given to multiple goals
• C.Tax implications
• D.Fund management

Comment: *

Name: *

Email: *

Verification: *

Taylor is chatting with other parents in the park when the conversation turns to registered education savings plans (RESPs). Taylor thinks that most of what they are saying is incorrect. Which of the following statements about self-directed RESPs is TRUE?

• A.Educational Assistance Payments (EAPs) withdrawn from the plan are not taxable.
• B.Only one beneficiary may be named per RESP.
• C.Educational Assistance Payments (EAPs) may only be used for tuition for a post-secondary program.
• D.The government contributes an additional grant for low income families who qualify.

Comment: *

Name: *

Email: *

Verification: *

Which statement best describes key differences between dividend funds and standard equity funds?

• A.Standard equity funds cannot invest in preferred shares
• B.Standard equity funds' objectives do not include capital preservation
• C.Standard equity funds' objectives do not include current dividend income
• D.Standard equity funds' objectives are based on a belief in market efficiency

Comment: *

Name: *

Email: *

Verification: *

Thomas, a resident of Ontario, is a full-time university student. He does food delivery to supplement his income. During the school year, he works on weekends and works full-time during his summer break.
Thomas' pensionable earnings were $16,000 for the year. How much must Thomas contribute to CPP when CPP contribution rate is 5.95%?

• A.$0
• B.$743.75
• C.$912.00
• D.$1,425.00

Comment: *

Name: *

Email: *

Verification: *

When must client complaints be acknowledged in writing?

• A.When the client has made a written complaint in any format
• B.When complaints are made repeatedly by the same client with respect to the same representative
• C.Any time the client has made a verbal or written complaint
• D.When the client has made a written complaint in letter format

Comment: *

Name: *

Email: *

Verification: *