CSI FP2 問題集 : Financial Planning II (FPII)

Roy gifted his nephew Charles, age 16, shares for his birthday. The managed portfolio will generate both dividends, and capital gains and losses. What will be Roy's future tax implications, with respect to this transfer, until Charles reaches the age of majority?

• A. Capital gains are attributed to Roy.
• B. No gains, losses or income are attributed to Roy.
• C. Capital losses are attributed to Roy.
• D. Dividend income is attributed to Roy.

How long does an executor have to make a spousal Registered Retirement Savings Plan contribution on behalf of a deceased person?

• A. The executor may contribute up to 6 months after the date of death.
• B. The executor may contribute up to 60 days after the year-end.
• C. The executor may contribute up to the end of the calendar year.
• D. The executor may contribute up to 60 days after the date of death.

What type of trust is formed when one party is unjustly enriched at the expense of another person?

• A. Constructive.
• B. Social.
• C. Resulting.
• D. Private.

Franco is retiring from his job as a high school principal at the end of the year, at age 66. He has $100,000 in his group Registered Retirement Savings Plan (RRSP). His wife will continue to work for another 10 years, and he does not need money from his group RRSP. What would be the best retirement option for Franco?

• A. Leave it in the group RRSP.
• B. Transfer funds to a personal RRSP for five years, then transfer to a registered retirement income fund.
• C. Transfer the funds to a spousal RRSP.
• D. Transfer to his personal RRSP until his wife is fully retired.

What is the most common going-concern valuation method used to determine the value of a business?

• A. Discounted cash flow.
• B. Adjusted book value.
• C. Capitalization of earnings.
• D. Liquidation value.