CSI FP2 시험이 어렵다고해도 DumpTOP의 CSI FP2시험잡이 덤프가 있는한 아무리 어려운 시험이라도 쉬워집니다. 어려운 시험이라 막무가내로 시험준비하지 마시고 문항수도 적고 모든 시험문제를 커버할수 있는CSI FP2자료로 대비하세요. 가장 적은 투자로 가장 큰 득을 보실수 있습니다.
| Section | Weight | Objectives |
|---|---|---|
| Financial Planning Practice | 10% | - The Personal Financial Planning Process in Canada
|
| Savings Planning and Debt Management | 10% | - Net Worth and Cash Management Planning
|
| Insurance Planning | 10% | - Life Insurance
|
| Retirement Planning | 20% | - Registered Pension and Retirement Income Plans
|
| Family Law | 15% | - Fundamental Aspects of Family Law
|
| Investment and Tax Planning | 10% | - Investment Management
|
| Financial Planning for Small Business | 15% | - Small Business Financial Planning
|
| Estate Planning | 10% | - Trusts and Powers of Attorney
|
성공을 위해 길을 찾고 실패를 위해 구실을 찾지 않는다는 말이 있습니다. CSI인증 FP2시험이 영어로 출제되어 시험패스가 너무 어렵다 혹은 회사다니느라 공부할 시간이 없다는 등등은 모두 공부하기싫은 구실에 불과합니다. DumpTOP의 CSI인증 FP2덤프만 마련하면 실패를 성공으로 바꿀수 있는 기적을 체험할수 있습니다.
질문 # 39
What tax consideration should employers take into account when setting up a supplemental executive retirement plan (SERP)?
정답：C
설명：
A Supplemental Executive Retirement Plan is generally an unregistered deferred compensation arrangement designed to provide highly compensated employees with retirement benefits beyond limits available through registered retirement arrangements.
Where the SERP is structured as an unfunded or notional arrangement, the employer normally records the promised benefit as an obligation rather than receiving an immediate deduction for a funded registered-plan contribution. The employer's deduction generally arises when the benefit is ultimately paid and becomes taxable compensation to the executive. Canadian SERP structures commonly use this deferred-deduction treatment.
This is an important distinction from a registered pension plan. A SERP is not simply registered with CRA so that unrestricted deductible contributions may be made. Its principal purpose is precisely to supplement benefits limited by the tax rules governing registered retirement arrangements.
A funded SERP can also involve a Retirement Compensation Arrangement, which brings a separate tax regime, including refundable tax on contributions to the RCA custodian. Therefore, the precise tax consequences depend on funding structure.
For the examination scenario, option C describes the core tax consideration associated with a conventional unfunded SERP: the employer's tax deduction is deferred until the retirement benefit is paid.
FPII reference/topic: Retirement Planning - SERPs; executive compensation; deferred compensation; registered versus non-registered retirement arrangements.
질문 # 40
Genki is reviewing the following portfolios:
* Portfolio W earns 18% with a standard deviation of 25%.
* Portfolio X earns 19% with a standard deviation of 30%.
* Portfolio Y earns 21% with a standard deviation of 20%.
* Portfolio Z earns 23% with a standard deviation of 22%.
The risk-free rate is 6%. Which portfolio performs the best on a risk-adjusted basis?
정답：D
설명：
Where the risk-free rate, portfolio returns, and standard deviations are supplied, the appropriate risk-adjusted comparison is the Sharpe ratio:
Sharpe ratio = (Portfolio return # Risk-free rate) ÷ Standard deviation For Portfolio W:
(18% # 6%) ÷ 25% = 0.48
For Portfolio X:
(19% # 6%) ÷ 30% = 0.433
For Portfolio Y:
(21% # 6%) ÷ 20% = 0.75
For Portfolio Z:
(23% # 6%) ÷ 22% = 0.773
Portfolio Z therefore produces the highest excess return per unit of total portfolio risk.
Although Portfolio Y has the lowest standard deviation and an attractive return, its Sharpe ratio of 0.75 remains slightly below Portfolio Z's approximately 0.77. Portfolio Z's higher absolute return more than compensates for its slightly greater volatility.
This illustrates why portfolios should not be evaluated solely by absolute return. A portfolio generating a higher return may be inferior if it requires disproportionately greater risk. Risk-adjusted performance measures normalize returns for the risk undertaken, allowing portfolios with different volatility profiles to be compared on a consistent basis.
FPII reference/topic: Investment and Tax Planning - modern portfolio theory; standard deviation; risk-free return; Sharpe ratio; risk-adjusted performance.
질문 # 41
By when must a personal trust file its income tax return?
정답：A
설명：
A trust's T3 Trust Income Tax and Information Return must generally be filed within 90 days after the trust's tax year-end. This makes option C the technically complete rule.
CRA confirms that the T3 return, together with the related information slips and summaries where applicable, is due no later than 90 days following the trust's taxation year-end. Any balance of tax owing is generally subject to the same deadline.
For most inter vivos trusts and many other trusts, the tax year ends on December 31. In those cases, "within
90 days of December 31" will normally produce the practical filing deadline. Nevertheless, option B is less precise because certain trusts-particularly qualifying graduated rate estates-can have a non-calendar taxation year. Consequently, the universal principle is based on the actual trust year-end, not automatically December 31.
The February 15 and April 30 dates relate to other Canadian tax-reporting contexts and are not the general T3 filing rule.
For estate planners, determining the trust's taxation year and status is therefore an essential preliminary step before establishing compliance and tax-payment deadlines.
FPII reference/topic: Estate Planning - taxation of trusts; T3 returns; trust tax year; graduated rate estates; filing obligations.
질문 # 42
From the perspective of self-employment, how are personal benefits treated for the purposes of calculating child support?
정답：B
설명：
Personal benefits paid through a self-employed individual's business are generally added back to income and grossed up when determining appropriate income for child-support purposes.
The purpose of the child-support income calculation is to identify the parent's true financial capacity rather than simply accept taxable income reported under the Income Tax Act. A business may legitimately deduct an expenditure for tax purposes while all or part of that expenditure provides a personal benefit to the owner- for example, personal vehicle use, housing expenses, meals, utilities, or other personal consumption paid by the business.
Where such expenditures effectively replace expenses the parent otherwise would have paid personally from after-tax income, the benefit is added back. A gross-up may then be necessary to express that tax-free or after- tax economic benefit as an equivalent amount of pre-tax income. Canadian child-support jurisprudence has repeatedly applied this approach to personal benefits funded through a business.
This prevents a self-employed support payor from artificially depressing guideline income by routing personal consumption through deductible business expenses.
Therefore, option D correctly reflects both required adjustments: add the personal benefit to income and gross it up where appropriate.
FPII reference/topic: Family Law - Federal Child Support Guidelines; determination of self-employment income; personal benefits; imputed income.
질문 # 43
Shelley has been engaged in the financial planning process with her client Kim. Shelley has just obtained permission from Kim to refer her to a lawyer for estate planning considerations. What stage of the financial planning process are Shelley and Kim in?
정답：B
설명：
Shelley and Kim are at the implementation stage. The important fact is that the need for estate-planning assistance has already been identified and Shelley has obtained Kim's permission to refer her to a lawyer. This is no longer simply information gathering or analysis; an action arising from the planning recommendations is being put into effect.
FP Canada's current Practice Standards expressly recognize referrals to other professionals as part of implementation. PS.9 requires the planner to establish implementation actions, responsibilities, sequencing, and timing, including situations involving another professional. PS.10 then requires completion of implementation actions for which the planner has accepted responsibility, with appropriate follow-up on professional referrals where the client has consented.
Collecting data occurs earlier when the planner obtains quantitative and qualitative client information.
Analysis evaluates the client's existing circumstances and possible strategies. Establishing the client/advisor relationship occurs at the beginning when scope, responsibilities, and engagement terms are defined.
Because Shelley is now arranging access to the legal expertise needed to carry out the estate-planning recommendation, the correct stage is implementation.
FPII reference/topic: Financial Planning Practice - financial planning process; implementation; coordination and referral to other professionals.
질문 # 44
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관심있는 인증시험과목CSI FP2덤프의 무료샘플을 원하신다면 덤프구매사이트의 PDF Version Demo 버튼을 클릭하고 메일주소를 입력하시면 바로 다운받아CSI FP2덤프의 일부분 문제를 체험해 보실수 있습니다. PDF버전외에 온라인버전과 테스트엔버전 Demo도 다운받아 보실수 있습니다.
FP2최고품질 덤프자료: https://www.dumptop.com/CSI/FP2-dump.html