最新的高品質 AFP-Exam-1 考試練習題庫

Camila's firm recently issued their client, Shawn, an investment management fee summary on his non- registered investment portfolio for $5,000 in carrying charges. Shawn's federal tax rate is 29% and his provincial tax rate is 15%. What will be Shawn's tax savings on this investment management fee?

• A. $0.
• B. $750.
• C. $1,450.
• D. $2,200.

Kendrick, age 55, owns a successful small business, ZXC Inc., valued at $800,000. Kendrick has extensive savings outside of the business and would like to pass the company onto his son at some point in the future.
Kendrick expects the business to increase in value $25,000 per year. If Kendrick decides to use an estate freeze to reduce the amount of taxes he will be required to pay, his financial planner should recommend that he implement the estate freeze at which point in relation to gifting the business to his son?

• A. One month prior to gifting the company.
• B. Immediately.
• C. At the same time as gifting the company.
• D. To take effect at the time of his passing.

Bill was recently declined for a loan application at his financial institution, and he is concerned that a liability has been added to his credit bureau that does not belong to him. He asks his financial planner to review his credit bureau with him to help him identify why he may have been declined. Which area of the credit bureau might his financial planner advise Bill to review?

• A. Inquiries.
• B. Public record information.
• C. Number of previous declines.
• D. Account history.

Bellamy, a registrant, recently prepared a financial plan for Stewart. As part of the plan, he recommended an asset allocation mutual fund that aligns with Stewart's Know Your Client and suitability. Stewart trusts Bellamy, accepts his recommendations, and is ready to provide purchase instructions. What next step should Bellamy complete in order to implement the strategy?

• A. Provide Stewart with the fund facts document relevant to the recommended fund.
• B. Distribute the simplified prospectus and annual report relevant to the recommended fund.
• C. Place a buy order for the mutual fund on his workstation.
• D. Advise Stewart of his licensing category, provinces and territories of registration, as well as dealer name.

William and Jennifer are selling their business which qualifies as a Canadian-controlled private corporation.
When the sale is complete at the end of this year, William and Jennifer will each receive $4 million for their common shares which have nominal cost. Jennifer has unused capital losses from previous years. They are meeting with Laurel, their financial planner, to discuss the tax implications of the sale. Based on the information provided, what should Laurel recommend to William and Jennifer so that they are best able to make use of the Lifetime Capital Gains Exemption?

• A. Only William should claim 100% of the exemption.
• B. Only Jennifer should claim 100% of the exemption.
• C. They should each claim 50% of the exemption.
• D. They should each claim 100% of the exemption.