AFP-Exam-1最も有効な質問と解答で勉強

A client, age 60, is in a low tax bracket today and expects a larger taxable pension after age 65. She has TFSA and RRSP room. Which contribution priority is generally more appropriate?

• A. RRSP only after the client turns 72.
• B. Non-registered account only, because registered accounts are unsuitable after age 60.
• C. TFSA, because withdrawals will not increase taxable retirement income.
• D. RRSP, because withdrawals are tax-free.

Tony, a financial planner, is meeting with his client, Howard, age 42. Howard would like to retire in 15 years.
His retirement goal is to have an annual gross income of $30,000 (in today's dollars). He is currently contributing $2,400 each year to his RRSP which is currently worth $275,000. Assume an average annual inflation rate of 3%, rate of return of 4% for the registered assets and a life expectancy to age 90. What will Tony determine as Howard's current surplus/shortfall at retirement?

• A. Shortfall of $16,801.
• B. Shortfall of $20,671.
• C. Surplus of $16,801.
• D. Surplus of $20,671.

Alexis has an index-linked GIC with an adjusted cost base of $20,500. The GIC was issued one year ago, has four years remaining to maturity and provides her with 60% participation in the gains of the S & P/TSX 60 Index, based on the level of the Index at maturity or at redemption prior to maturity. The GIC has a 2% fee if redeemed in the first two years. Alexis notices that the S & P/TSX 60 Index is up 25% and she would like to redeem her GIC. She asked her financial planner if she redeems her GIC, how much she would receive upon redemption. What will her financial planner tell her?

• A. She will receive $23,575.
• B. She will receive $25,625.
• C. She will receive $20,500.
• D. She will receive $23,104.

What information is least important for Harry as a financial planner in his assessment for insurance coverage for his client with respect to estate planning purposes?

• A. FMV of non-principal residence.
• B. Age.
• C. Income.
• D. Work location.

In 2019, Glenda, age 46, visited her financial planner to discuss her goal of retiring at the age of 65. Glenda had questions about whether she qualified for the maximum amount of CPP and OAS benefits as she had immigrated to Canada just 10 years earlier to take a job as a nuclear technician. What should her financial planner have told her?

• A. Glenda would receive partial CPP and partial OAS benefits at age 65.
• B. Glenda would receive partial CPP and no OAS benefits at age 65.
• C. Glenda would receive the max CPP and partial OAS benefits at age 65.
• D. Glenda would receive the max CPP and OAS benefits at age 65.