CIFC Exam Dumps | Which among the following plans includes a provision that places a maximum limit on the amount that can

Home
IFSE Institute
Canadian Investment Funds Course Exam
IFSEInstitute.CIFC.v2024-07-30.q103
Question 37

Valid CIFC Dumps shared by ExamDiscuss.com for Helping Passing CIFC Exam! ExamDiscuss.com now offer the newest CIFC exam dumps, the ExamDiscuss.com CIFC exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com CIFC dumps with Test Engine here:

Access CIFC Dumps Premium Version
(225 Q&As Dumps, 35%OFF Special Discount Code: freecram)

<< Prev Question Next Question >>

Question 37/103

Which among the following plans includes a provision that places a maximum limit on the amount that can be withdrawn during a calendar year?

A. Life Income Fund (LIF)

B. Registered Retirement Savings Plan (RRSP)

C. Registered Retirement Income Fund (RRIF)

D. Deferred Profit Sharing Plan (DPSP)

Correct Answer: A

Explanation
A LIF is a type of registered retirement income fund that is used to hold and pay out locked-in pension funds.
A LIF has both a minimum and a maximum withdrawal limit for each calendar year, which are determined by the federal or provincial pension legislation, the age of the annuitant, and the value of the fund. The minimum withdrawal limit is similar to that of a RRIF, but the maximum withdrawal limit is intended to ensure that the LIF provides income for the lifetime of the annuitant123 References = Canadian Investment Funds Course (CIFC) - Module 3: Registered Plans - Section 3.4: Life Income Fund (LIF)4 and web search results from search_web(query="maximum withdrawal limit for LIF RRSP RRIF DPSP")123
4: https://www.ifse.ca/wp-content/uploads/2021/08/CIFC-Module-3.pdf

Your email address will not be published. Required fields are marked *

Comment: *

Name: *

Email: *

Rating: *

Verification: *

Question List (103q): Question 1: Catarina is a Dealing Representative for Ethical Financial w...; Question 2: Which of the following best describes implied needs of your ...; Question 3: Maxine is a portfolio manager who 15 years ago, purchased 10...; Question 4: You are collecting know your client (KYC) information for yo...; Question 5: Your client, Cosmo, recently inherited $50,000 from his uncl...; Question 6: You ask a new client, Brad, "what are your financial obligat...; Question 7: Your employer has a contributory group RRSP under which he m...; Question 8: The portfolio manager of the High Income Fund has 90% of the...; Question 9: Russell is a Dealing Representative with Wealth Quest Strate...; Question 10: Lydia wants to transfer units of her Sussex Growth Fund to h...; Question 11: Kerry's total income this past year was $100,000 and she cla...; Question 12: Which of the following applies to a mutual fund trust?...; Question 13: Which of the following money market securities have the high...; Question 14: One of your clients, Harry, has heard that he can defer payi...; Question 15: Jasmine received an inheritance from her grandmother of $10,...; Question 16: Which of the following could be a passively managed fund?...; Question 17: Your client Gerard is 30 years old and plans to retire at ag...; Question 18: Malik has been saving money for retirement but he is worried...; Question 19: When comparing mutual funds, what information would help a D...; Question 20: The Mutual Fund Dealers Association of Canada (MFDA) has str...; Question 21: Which of the following statements about your mutual fund reg...; Question 22: Maalik opens an account for a new client, John. During the n...; Question 23: Which of the following Dealing Representatives has CORRECTLY...; Question 24: Yesterday, Mariana purchased mutual funds for the first time...; Question 25: Quintin has been a Dealing Representative for Global Maximum...; Question 26: In a mutual fund dealer, who is the person responsible for e...; Question 27: Bernadette has a high-paying job and is in the top tax brack...; Question 28: Natasha currently owns 2 mutual funds: a bond fund and a Can...; Question 29: One of your clients, Fernando, is approaching 71 years of ag...; Question 30: Preston has been working for Thompson Industries for just ov...; Question 31: Reagan has accepted a role to be the Chief Revenue Officer o...; Question 32: Your client, James, would like to work beyond the normal ret...; Question 33: Which of the following statements best describes dollar-cost...; Question 34: Danny is a Dealing Representative for Everbright Investments...; Question 35: Which of the following is a characteristic of a bond fund?...; Question 36: What role do investment dealers play in the Canadian and glo...; Question 37: Which among the following plans includes a provision that pl...; Question 38: Louis is the portfolio manager for Quattro Fund. The mandate...; Question 39: Felipe is a Dealing Representative who is developing a non-r...; Question 40: Karen's know your client (KYC) profile corresponds to someon...; Question 41: Which of the following statements is TRUE about the movement...; Question 42: Pacari is a Dealing Representative with Cavalry Investments,...; Question 43: The following table shows Sabrina's earned income for the pa...; Question 44: Which of the following statements about total return for mon...; Question 45: Sheldon is a 25 year old graphic designer. He has just start...; Question 46: Terri, 30 years old, is the marketing manager at Provincial ...; Question 47: Portia is a Dealing Representative with Highview Wealth Inc....; Question 48: The owners of Underground Airways Ltd. want to take their pr...; Question 49: Sagira is a Compliance Officer with WealthPath Investments I...; Question 50: At 4:00 p.m. Eastern Time on July 6, the following informati...; Question 51: Anthony purchased 500 units of XYZ Fund at a price of $12.00...; Question 52: Jacinta is a Dealing Representative with WealthSource Partne...; Question 53: When comparing the current yield and yield-to-maturity of a ...; Question 54: Gregory is a conservative investor who wants to hold a portf...; Question 55: Josephine is a Dealing Representative with Sunshine Mutual F...; Question 56: What type of mutual fund can invest in specified derivatives...; Question 57: If an investor was looking for an investment with a risk equ...; Question 58: Xerxes, 45 years old, is a successful architect, having an a...; Question 59: Your clients, Philip and Helen, have a disabled son, Alex, a...; Question 60: Sujay contributes 3% of his $60,000 salary to his employer's...; Question 61: What is the role of a custodian?...; Question 62: Frederic recently sold his units in a US dollar (USD) denomi...; Question 63: What type of shares offer its shareholders the opportunity t...; Question 64: What information can be found from a simplified prospectus i...; Question 65: What purpose does it serve for non-money market mutual funds...; Question 66: Xerxes, 45 years old, is a successful architect, having an a...; Question 67: Which statement regarding the Fund Facts document is CORRECT...; Question 68: While assessing the suitability of an investment recommendat...; Question 69: Patrick is a portfolio manager for the HyperTally Growth Fun...; Question 70: Which statement about a net capital loss incurred by a mutua...; Question 71: Which of the following statements about registered education...; Question 72: Which of the following statements about nominee name account...; Question 73: Which person would be categorized as a vulnerable client?...; Question 74: What does a normal yield curve look like?...; Question 75: Xian-Li believes she is a sophisticated investor. She has co...; Question 76: Greg, one of your clients, has been advised by a friend to i...; Question 77: Khuyen is a Dealing Representative for Stark Contrast Invest...; Question 78: Which investor's needs would be BEST met with an income trus...; Question 79: Tony, the investment manager of True North Canadian Equity F...; Question 80: Sarah and Kyle are a married couple. They are both 34 years ...; Question 81: Loretta is looking for a well diversified equity fund. Her i...; Question 82: Which of the following statements is true when comparing fun...; Question 83: Danica is looking for a mutual fund to hold in her non-regis...; Question 84: What areas are addressed in the Client Relationship Model (C...; Question 85: Your client Jerry's asset mix is deviating from the original...; Question 86: One of your clients, Sheldon, is 65 years old. He has $30,00...; Question 87: A client has $950,000 in his RRSP account and $550,000 in hi...; Question 88: Reginald is a Dealing Representative, who feels pressure fro...; Question 89: Ken is a member of his employer's Defined Benefit Pension Pl...; Question 90: Iliana owns 1,000 participating preferred shares in the Firs...; Question 91: Which document contains information regarding the Independen...; Question 92: Salvatore and Harriet recently got married. They are present...; Question 93: Wilma has always used the services of a tax preparation firm...; Question 94: Sandra presently participates in her employer-sponsored defi...; Question 95: What information does Fund Facts provide to potential invest...; Question 96: Over the course of a couple of weeks and several appointment...; Question 97: Which of the following characteristics about mortgage mutual...; Question 98: Greg is a Dealing Representative. As a part of his business ...; Question 99: Charlotte has received proceeds from a deceased family membe...; Question 100: Which of the following is included when calculating a countr...; Question 101: Maureen is 65 years old and will be retiring soon. She has a...; Question 102: Every February, Reginald, a Dealing Representative, feels pr...; Question 103: Jasmine purchases a 1-year, $10,000 face value strip bond fo...

[×]

Download PDF File

Enter your email address to download IFSEInstitute.CIFC.v2024-07-30.q103.pdf

Email:

Disclaimer:
Freecram doesn't offer Real GIAC Exam Questions. Freecram doesn't offer Real SAP Exam Questions. Freecram doesn't offer Real (ISC)² Exam Questions. Freecram doesn't offer Real CompTIA Exam Questions. Freecram doesn't offer Real Microsoft Exam Questions.
Oracle and Java are registered trademarks of Oracle and/or its affiliates.
Freecram material do not contain actual actual Oracle Exam Questions or material.
Microsoft®, Azure®, Windows®, Windows Vista®, and the Windows logo are registered trademarks of Microsoft Corporation.
Freecram Materials do not contain actual questions and answers from Cisco's Certification Exams. The brand Cisco is a registered trademark of CISCO, Inc.
CFA Institute does not endorse, promote or warrant the accuracy or quality of these questions. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Freecram does not offer exam dumps or questions from actual exams. We offer learning material and practice tests created by subject matter experts to assist and help learners prepare for those exams. All certification brands used on the website are owned by the respective brand owners. Freecram does not own or claim any ownership on any of the brands.

Question 37/103

LEAVE A REPLY

Download PDF File