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CSI Mutual Funds IFIC Canadian Securities Institute 200 exam questions & answers

CSI Mutual Funds IFIC Canadian Securities Institute 200 exam questions & answers

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    Description

    Hello.
    For those who are getting ready for IFIC (CSI) Mutual Funds exam in Canada, those 200 questions are simply essential. They are very similar to questions you would see during the actual exam. Good luck! When you make a payment, please indicate your email address, and you will get the question and answers as soon as I get to the computer.
    Sample question:
    Rebecca, an investor in a 40% marginal tax bracket, receives ,200 in Canadian dividends eligible for the dividend tax credit. Calculate the dividend tax credit that applies to this income.
    A.
    8.73
    B.
    0.00
    C.
    2.40
    D.
    ,200.00
    General Feedback: The taxable amount of the dividend is the income received plus a 38% gross-up amount. In this example, ,200 + (,200 x 38%) = ,656. The dividend tax credit is 15.02% of the grossed-up amount, in this example, ,656 x 15.02% = 8.73. Text Reference: Chapter 6.