Die echten und originalen Prüfungsfragen und Antworten zu FP2 Zertifizierung (Financial Planning II (FPII)) bei ZertFragen wurden verfasst von unseren IT-Experten mit den Informationen von FP2 Prüfungen (Financial Planning II (FPII)) aus dem Testcenter wie PROMETRIC oder VUE.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Savings Planning & Debt Management | 10% | - Debt management techniques - Savings strategies and cash flow management |
| Topic 2: Investment and Tax Planning | 10% | - Tax planning concepts - Investment strategies and portfolio considerations |
| Topic 3: Financial Planning for Small Business | 15% | - Business ownership structures and planning - Small business financial strategies |
| Topic 4: Insurance Planning | 10% | - Risk management and insurance products - Insurance needs analysis |
| Topic 5: Family Law | 15% | - Family property and financial considerations - Legal implications in financial planning |
| Topic 6: Financial Planning Practice | 10% | - Professional standards and ethical practices - Financial planning process and client relationship management |
| Topic 7: Estate Planning | 10% | - Wills, trusts and succession planning - Estate transfer strategies |
| Topic 8: Retirement Planning | 20% | - Government benefits and retirement plans - Retirement income sources and strategies |
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42. Frage
Diana has begun receiving spousal support payments and child support payments from her ex-husband Bruce.
What tax planning issue should be of greatest concern to Diana?
Antwort: C
Begründung:
Diana's principal tax concern is the tax payable on qualifying spousal support payments that she receives.
Under Canadian income-tax rules, periodic spousal support paid pursuant to a qualifying court order or written agreement is generally deductible by the payer and taxable to the recipient. CRA therefore requires a recipient to include the taxable portion of qualifying spousal support in income.
Child support is treated differently. Under the current regime applicable to post-April 1997 arrangements, child support is generally not deductible by the payer and not taxable to the recipient. CRA expressly distinguishes the two forms of support on this basis.
Because Diana is receiving both forms of support, she should distinguish them carefully and plan for the income-tax liability associated with taxable spousal support. Depending on the amount received and the withholding arrangements, she may need to retain sufficient cash to satisfy tax instalments or the balance due when filing her tax return.
Option A concerns Bruce's potential deduction rather than Diana's tax liability. Options B and C incorrectly treat ordinary child-support payments as deductible or taxable.
FPII reference/topic: Family Law - taxation of support; spousal support; child support; payer deductions and recipient income inclusion.
43. Frage
By when must a personal trust file its income tax return?
Antwort: A
Begründung:
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.
44. Frage
If an employee earns more than the yearly maximum pensionable earnings, but an employer continues to deduct Canada Pension Plan contributions, what will happen to the excess contributions?
Antwort: C
Begründung:
Where an employee has contributed more CPP than required for the year, the excess employee contribution is ultimately refunded or credited through the individual's income tax return.
CRA specifically provides for CPP overpayments to be calculated on the applicable Schedule 8 or interprovincial CPP/QPP form. The excess is reported on the individual's tax return, and CRA will either refund it or apply it against another balance owing.
An employer that discovers an over-deduction during the same year should generally correct its payroll records and reimburse the employee directly. However, where the overpayment remains on the T4 and has not been reimbursed, CRA credits the excess when the employee files the personal return.
The excess is not transferred to an RRSP, nor is it automatically carried forward against the employee's CPP obligation for the next calendar year. CPP contribution calculations operate on an annual basis.
Option A is also incorrect because repayment of the employee's own excessive CPP deduction is not a taxable employment benefit.
Accordingly, within the circumstances presented in the question, option D is the correct treatment.
FPII reference/topic: Retirement Planning - Canada Pension Plan; maximum pensionable earnings; employee contributions; CPP overpayments and refunds.
45. Frage
Evelyn spends a great deal of her money on vacations. Consequently, her net cash flow is not as much as she would like. What is the best strategy to help Evelyn improve her cash flow?
Antwort: D
Begründung:
Evelyn's problem is fundamentally one of discretionary spending management. Vacations are normally discretionary expenditures, meaning their amount, timing, and frequency can be adjusted without affecting essential living requirements. The most effective strategy is therefore to prioritize and control her spending.
Net cash flow is the difference between cash inflows and cash outflows. If Evelyn's income is unchanged, reducing or better controlling discretionary expenditures directly increases the amount available for savings, debt reduction, investment, or other financial objectives.
Creating a separate vacation account, option A, can be a useful budgeting technique after a suitable spending level has been established, but it does not itself correct excessive vacation expenditure. Increasing the liquidity of savings changes the accessibility of assets rather than improving ongoing cash flow. Option D focuses on non-discretionary expenses such as housing, essential utilities, basic food, and necessary insurance. Those expenses may be more difficult to reduce and are not identified as the source of Evelyn's problem.
A financial planner should therefore help Evelyn rank financial objectives, establish realistic discretionary- spending limits, prepare a cash-flow budget, and monitor actual expenditure against that budget.
FPII reference/topic: Savings Planning and Debt Management - cash-flow management; budgeting; discretionary and non-discretionary expenditures.
46. Frage
George tells his financial advisor that he will need to buy a new car in two years and would like some advice on the best way to fund this goal. What consideration should his financial advisor determine first when discussing George's investment objective?
Antwort: B
Begründung:
George has identified a specific short-term capital requirement: money will be needed to purchase a vehicle in two years. The first investment consideration is therefore liquidity.
Liquidity refers to the ability to convert an investment into cash quickly, predictably, and without a material loss of value. Because George needs the funds within a short and defined period, the portfolio used for this objective should not ordinarily be exposed to substantial market volatility or assets that may be difficult or costly to liquidate at the required time.
A two-year horizon materially constrains investment selection. Capital preservation and ready access to the funds become more important than pursuing aggressive long-term growth. Suitable vehicles may therefore emphasize cash equivalents, high-quality short-term fixed-income investments, or other low-volatility instruments matched to the expected purchase date.
Tax consequences remain relevant, particularly when selecting between registered and non-registered savings alternatives, but taxes should be considered after determining the fundamental time horizon and liquidity requirement. George has already stated that the vehicle is needed, so the scenario provides sufficient indication that it is a meaningful financial goal.
FPII reference/topic: Investment and Tax Planning - investment objectives; liquidity; time horizon; capital preservation; matching investments to financial goals.
47. Frage
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