CIFC 無料問題集「IFSE Institute Canadian Investment Funds Course」

（A）Investment objective

（B）The tax consequences.

（C）Shirley's risk profile.

（D）Expected time horizon.

（A）3% Government of Canada Bonds at par, which have a maturity that coincides with Sheldon's time horizon.

（B）ABC common shares which had a 20% annual yield during the previous 5 years.

（C）Debentures of XYZ Corporation will give Sheldon a regular income and an attractive yield.

（D）FEG Labour-Sponsored Fund which will give him a tax benefit.

（A）If Underground chose to list on the OTC market, there would be no secondary market available for investors.

（B）Underground would still be directly involved in the trading of their shares on either market.

（C）Underground would be subject to less stringent listing requirements if they chose the stock exchange as compared to the OTC market.

（D）A stock exchange listing would provide Underground with greater market exposure and public confidence than listing on the OTC market.

（A）It shows the earnings and expenses of a business over a period of time.

（B）It provides a snapshot of a company's financial position at a specific point in time

（C）It shows the amount of profit that is reinvested in the company in the form of retained earnings.

（D）It shows the amount of capital contributed to the company by its shareholders or owners.

（A）Do you have the resources to invest for the long-term?

（B）Do you understand the relationship between risk and return?

（C）What rate of return do you expect from investing?

（D）Do you want to minimize taxes from your investments?

（A）She will be able to continue contributing to her RRIF and be subject to the same annual limits as her RRSP.

（B）She will be subject to annual maximum withdrawal limits.

（C）She does not have to withdraw the minimum amount this year.

（D）When she converts her RRSP to a RRIF, she will incur a tax liability.

（A）Recommending an investment solution that addresses two needs is putting Reginald's client's interest first

（B）By convincing Orel to contribute an RRSP, instead of a TFSA, Reginald has put his client's interest first.

（C）Reginald is putting the client's interest first by informing Orel why he should change his purpose for investing.

（D）Based on Orel's stated need, recommending an RRSP contribution is unsuitable.

（A）The TCP is an alternative authority on Isaac's account that has the power to place a temporary hold on Isaac's account to disallow trading.

（B）The TCP is the person whom Gershon can speak to if he becomes concerned about Isaac's mental capacity to make financial decisions.

（C）The TCP is an alternative to a Power of Attorney (PQA) and has the authority to make changes to Isaac's account and direct trading.

（D）The TCP is the person who is designated with authority to direct financial dealings for Isaac's account and make financial decisions.

（A）Federal and provincial income tax brackets are both progressive and each respective jurisdiction determines the tax rates that will be used.

（B）Tax credits will reduce an individual's taxable income and may lower that person's top marginal tax rate.

（C）After federal and provincial tax rates have been applied to a person's taxable income, tax deductions are then applied to reduce taxes.

（D）Once a person's taxable income reaches the next income tax bracket level, all income is subject to be taxed at the higher tax rate.

（A）advise him to sell a portion of assets invested in equity funds and reinvest the proceeds into bond funds

（B）advise him to sell a portion of assets invested in bond funds and reinvest the proceeds into equity funds

（C）advise him to do nothing since equities could outperform bonds in the next year

（D）advise him to change his know your client (KYC) form to reflect more growth

（A）Agree to buy forward contracts where he is in the "long' position.

（B）Avoid the use of derivatives because they are speculative in nature.

（C）Buy call options for the existing stocks stored within the fund.

（D）Purchase put options for the fund's existing assets.

（A）December 31, Year 2

（B）March 1, Year 2

（C）December 31, Year 1

（D）March 1, Year 1

（A）the amount of money contributed to the company by its shareholders or owners

（B）the amount of profit that is reinvested in the company

（C）the earnings and expenses of a business over a period of time

（D）a company's financial position at a specific point in time

（A）She will pay taxes on the grossed-up amount of the income.

（B）She will pay taxes at her top marginal tax rate.

（C）She will pay taxes on 50% of the distribution.

（D）She will pay taxes at her average tax rate.

（A）Purchasing power rises as inflation rises.

（B）Inflation results in a redistribution of income from borrowers to lenders.

（C）Generally inflation will benefit those who are living on investment income.

（D）An increase in the inflation rate could mean investors have less money to invest.

（A）Your online application must be reviewed and approved by your mutual fund dealer before you can begin to sell mutual funds.

（B）You must inform the regulatory authorities of any material or significant changes to your personal circumstances.

（C）You must renew your registration through the online NRD system every two years.

（D）You can sell mutual funds anywhere in Canada as long as you are registered with one of the provincial or territorial securities commissions.

（A）Discretionary trading

（B）Value investing

（C）Top-down management

（D）Churning

（A）Jasmine realizes a capital dividend of S400.

（B）Jasmine realizes a taxable capital gain of $400.

（C）Jasmine realizes interest income of $400.

（D）Jasmine realizes a taxable dividend of $400.

（A）iii and iv

（B）i and ii

（C）ii and iv

（D）i and iii