BEST IFSE INSTITUTE CIFC STUDY MATERIAL & BRAINDUMPS CIFC DOWNLOADS

Best IFSE Institute CIFC Study Material & Braindumps CIFC Downloads

Best IFSE Institute CIFC Study Material & Braindumps CIFC Downloads

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Tags: Best CIFC Study Material, Braindumps CIFC Downloads, CIFC Actual Braindumps, Study CIFC Plan, Exam Discount CIFC Voucher

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2025 Best CIFC Study Material | Pass-Sure IFSE Institute Braindumps CIFC Downloads: Canadian Investment Funds Course Exam

One of the biggest highlights of the CIFC exam materials is the availability of three versions: PDF, app/online, and software/pc, each with its own advantages: The PDF version of CIFC exam materials has a free demo available for download. You can print exam materials out and read it just like you read a paper. The online version of CIFC Exam Materials is based on web browser usage design and can be used by any browser device. At the same time, the first time it is opened on the Internet, it can be used offline next time. You can practice anytime, anywhere.

IFSE Institute Canadian Investment Funds Course Exam Sample Questions (Q82-Q87):

NEW QUESTION # 82
Janine will celebrate her 71st birthday this year. She currently has a lot of money in a personal registered retirement savings plan (RRSP) and knows there are rules about what she can do with those funds. Which of the following is TRUE?

  • A. She can convert her RRSP to a registered retirement income fund (RRIF) this year or by December 31st of next year.
  • B. She can take the entire amount in cash, with no tax consequences because her RRSP funds were tax-sheltered.
  • C. She can convert her RRSP to a locked-in retirement income fund (LRIF).
  • D. She can purchase a registered term or life annuity.

Answer: A

Explanation:
Explanation
A registered retirement savings plan (RRSP) is a retirement savings and investing vehicle for employees and the self-employed in copyright. Contributions to an RRSP are tax-deductible and grow tax-deferred until withdrawal. However, RRSPs have a maturity date of December 31st of the year in which the holder turns 71.
By then, the holder must convert the RRSP to a registered retirement income fund (RRIF), purchase an annuity, or withdraw the funds in cash (subject to tax). Therefore, B is the correct answer.
References: Registered Retirement Savings Plan (RRSP): Definition and Types, Registered Retirement Savings Plan (RRSP) - copyright.ca


NEW QUESTION # 83
Which of the following statements is TRUE about inflation?

  • A. An increase in the inflation rate could mean investors have less money to invest.
  • B. Generally inflation will benefit those who are living on investment income.
  • C. Inflation results in a redistribution of income from borrowers to lenders.
  • D. Purchasing power rises as inflation rises.

Answer: A

Explanation:
Explanation
Inflation is the general increase in the prices of goods and services over time. Inflation reduces the purchasing power of money, meaning that a dollar can buy less than it used to. Inflation also erodes the real value of investment income, such as interest, dividends, and capital gains. Therefore, an increase in the inflation rate could mean that investors have less money to invest, as their income and savings lose value.
References = Canadian Investment Funds Course, Unit 5: Types of Investments, Lesson 1: Economic Factors and Financial Markets, Section 5.1.2: Inflation1; CIFC prepkit, Chapter 5: Types of Investments, Question
5.1.2 2


NEW QUESTION # 84
Gershon is a Dealing Representative and he opens a new account for his client, Isaac. Gershon collects the necessary information from Isaac in order to designate the Trusted Contact Person (TCP) for Isaac's account.
Which of the following statements about Isaac's TCP is CORRECT?

  • A. The TCP is the person who is designated with authority to direct financial dealings for Isaac's account and make financial decisions.
  • B. 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.
  • C. The TCP is the person whom Gershon can speak to if he becomes concerned about Isaac's mental capacity to make financial decisions.
  • D. 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.

Answer: C

Explanation:
Explanation
A Trusted Contact Person (TCP) is someone that an investor authorizes their brokerage firm to contact in limited circumstances, such as if the broker has trouble reaching the investor or has a reasonable belief that the investor's account may be exposed to possible financial exploitation. A TCP does not have the authority to make changes to the investor's account or direct trading, unlike a Power of Attorney (POA). A TCP also does not have the power to place a temporary hold on the investor's account, which is a decision made by the brokerage firm. Therefore, C is the correct answer. References: What is a Trusted Contact Person and why you should name one, Do You Need A 'Trusted Contact' To Help Protect You?, Investor Bulletin: Please Consider Adding a Trusted Contact Person to Your Account


NEW QUESTION # 85
Your client, Helen, just received her non-registered account statement which states that one of her mutual funds made an interest income distribution during the year. She asks you how she will be taxed on the distribution. What do you tell Helen?

  • A. She will pay taxes at her average tax rate.
  • B. She will pay taxes on the grossed-up amount of the income.
  • C. She will pay taxes on 50% of the distribution.
  • D. She will pay taxes at her top marginal tax rate.

Answer: D


NEW QUESTION # 86
Robin is preparing for a client meeting. She is gathering information about a mutual fund that she would like to recommend to her client. Which of the following documents would be considered sales communication?

  • A. annual information form
  • B. fund facts
  • C. marketing brochure
  • D. the prospectus

Answer: C

Explanation:
Explanation
Sales communication is any written or electronic communication that is intended to promote the sale of a mutual fund, or to influence a person to buy or sell a mutual fund. Sales communication includes any advertisement, brochure, report, newsletter, or other material that is distributed to existing or potential clients.
A marketing brochure is an example of sales communication, as it is designed to inform and persuade clients about the features and benefits of a mutual fund. A prospectus, a fund facts, and an annual information form are not considered sales communication, as they are legal documents that provide essential information about a mutual fund, such as its investment objectives, strategies, risks, fees, and performance. These documents are required by securities regulators and must be delivered to investors before or after they purchase a mutual fund.
References = Canadian Investment Funds Course, Unit 7: The Regulatory Environment, Lesson 2: Sales Communication, Section 7.2.1: Definition and Scope of Sales Communication1; CIFC prepkit, Chapter 7: The Regulatory Environment, Question 7.2.1 2


NEW QUESTION # 87
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