Question 12 (1 point) Employer contributions to the company DPSP will result in a reduction to...

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Question 12 (1 point) Employer contributions to the company DPSP will result in a reduction to the employees RRSP contribution limit for the year. True False Question 13 (1 point) Heidi is a Canadian resident for tax purposes. In 2020 she earned rental income from her property in Florida, U.S.A. Heidi will have to add her net rental income to her Canadian tax return because Canadian tax laws require Heidi to include income earned anywhere in the world. True False Question 14 (1 point) At age 60, Sam, the owner of a Registered Disability Savings Plan (RDSP), must start the withdrawal process from the account according to the CRA schedule. For tax purposes, the entire amount of the withdrawal must be included in Sam's income for the year. True False Question 15 (1 point) Before a mutual fund can be offered for sale, the Annual Information Form must be filed and approved by the provincial securities regulators. True False Question 16 (1 point) The main role of a mutual fund's Independent Review Committee (IRC) is to review the performance of the mutual fund for the year and determine if the current managers should continue to manage the fund. True False Question 17 (1 point) Only portfolio managers who use the active manager approach use the top-down selection strategy. True False Question 18 (1 point) "Duration" refers to the number of years it will take the bond holder to receive the present value of the interest and principal payments. True False Question 19 (1 point) For an investor intending to purchase and hold mutual funds for long-term, purchasing fund with a Deferred Sales Charge will result in a lower fee than purchasing the same fund that has a front-end charge. True False Question 20 (1 point) The management fee, the trailer fees, operating expenses, taxes and salesman's commissions are all added together to make up the Fund's MER. True False Question 21 (1 point) The Distributor in a mutual fund complex is the sales and marketing are of the mutual fund company. True False Question 22 (1 point) An investment's standard deviation indicates how much a mutual fund's performance fluctuates around its average historical return over a specified period of time. True False Question 23 (1 point) Which one of the conditions below will make an individual ineligible for OAS Allowance: you are older than age 64 your spouse or common-law partner receives an Old Age Security pension (OAS) and is eligible for the GIS you are a Canadian citizen or a legal resident you reside in Canada and have resided in Canada for at least 10 years since the age of 18 you and your spouse or common-law partner's annual combined income is less than the maximum allowable annual threshold Question 12 (1 point) Employer contributions to the company DPSP will result in a reduction to the employees RRSP contribution limit for the year. True False Question 13 (1 point) Heidi is a Canadian resident for tax purposes. In 2020 she earned rental income from her property in Florida, U.S.A. Heidi will have to add her net rental income to her Canadian tax return because Canadian tax laws require Heidi to include income earned anywhere in the world. True False Question 14 (1 point) At age 60, Sam, the owner of a Registered Disability Savings Plan (RDSP), must start the withdrawal process from the account according to the CRA schedule. For tax purposes, the entire amount of the withdrawal must be included in Sam's income for the year. True False Question 15 (1 point) Before a mutual fund can be offered for sale, the Annual Information Form must be filed and approved by the provincial securities regulators. True False Question 16 (1 point) The main role of a mutual fund's Independent Review Committee (IRC) is to review the performance of the mutual fund for the year and determine if the current managers should continue to manage the fund. True False Question 17 (1 point) Only portfolio managers who use the active manager approach use the top-down selection strategy. True False Question 18 (1 point) "Duration" refers to the number of years it will take the bond holder to receive the present value of the interest and principal payments. True False Question 19 (1 point) For an investor intending to purchase and hold mutual funds for long-term, purchasing fund with a Deferred Sales Charge will result in a lower fee than purchasing the same fund that has a front-end charge. True False Question 20 (1 point) The management fee, the trailer fees, operating expenses, taxes and salesman's commissions are all added together to make up the Fund's MER. True False Question 21 (1 point) The Distributor in a mutual fund complex is the sales and marketing are of the mutual fund company. True False Question 22 (1 point) An investment's standard deviation indicates how much a mutual fund's performance fluctuates around its average historical return over a specified period of time. True False Question 23 (1 point) Which one of the conditions below will make an individual ineligible for OAS Allowance: you are older than age 64 your spouse or common-law partner receives an Old Age Security pension (OAS) and is eligible for the GIS you are a Canadian citizen or a legal resident you reside in Canada and have resided in Canada for at least 10 years since the age of 18 you and your spouse or common-law partner's annual combined income is less than the maximum allowable annual threshold

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