IFC Exam Dumps - Investment Funds in Canada (IFC) Exam
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A client recently sold her holdings in ABC Equity Fund. The client ' s transactions in the fund are summarized below:
Date — Description — Amount ($)
Year One — Bought 500 ABC Equity Fund @ $10.50 per unit (no load) — $5,250.00
Year Two — Reinvested dividend (75% capital gains; 25% Canadian dividends), bought 20.5 ABC Equity Fund @ $11.50 per unit — $235.75
Year Three — Reinvested dividend (80% capital gains; 20% Canadian dividends), bought 35.5 ABC Equity Fund @ $12.25 per unit — $434.88
Year Four — Sold 556 ABC Equity Fund @ $12.75 per unit — $7,089.00
What is the client ' s capital gain from the sale of the fund in Year Four?
Who is responsible for issuing an annual report that describes each instance where the recommendation with regard to a conflict of interest has not been followed?
What party is responsible for ensuring that a public corporation ' s total number of outstanding common shares does not exceed its total number of authorized shares?
Rebecca, an investor in a 40% marginal tax bracket, receives $1,200 in Canadian dividends eligible for the dividend tax credit. What is the dividend tax credit that applies to this income?
A client had set up a voluntary accumulation plan to invest a set amount annually in December in an equity mutual fund. They decided to move to a pre-authorized plan where they will invest a smaller amount in this fund every week. What is likely the most significant benefit of this change?
What bias results in investors valuing an asset that they own over an asset that another individual owns?
Which conduct standard addresses personal financial dealings with clients?
An unlicensed person was hired at a securities administrator, and they accepted their first case, which may result in suspending a registrant ' s license. The new hire immediately requests a subpoena of witnesses (and evidence) and requests guidance from the FATF. What error did the new hire likely commit?