CIFC復習解答例、CIFC受験方法

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現在の社会の中で優秀なIT人材が揃て、競争も自ずからとても大きくなって、だから多くの方はITに関する試験に参加してIT業界での地位のために奮闘しています。CIFCはIFSE Instituteの一つ重要な認証試験で多くのIT専門スタッフが認証される重要な試験です。

CIFC学習ガイドは、世界で非常に効率的なツールです。私たちに知られているように、私たちの現代世界では、誰もがより速く、より良く、よりスマートに物事を行うことを求めているので、生産性ハックが信じられないほど人気があるのも不思議ではありません。そのため、学習ツールの重要性を認識する必要があります。お客様の学習効率を高めるために、当社のCIFCトレーニング資料は、当社の多くの専門家によって設計されました。 CIFC学習教材は、すべての人々が学習効率を向上させるのに非常に役立ちます。

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試験の準備方法-ハイパスレートのCIFC復習解答例試験-効率的なCIFC受験方法

世界経済の急速な発展と国際的な競争の激化により、知識ベース経済の主要な地位は徐々に確立されています。多くの人が、良い仕事、CIFC認定、より高い生活水準を求めています。良い仕事やより高い生活水準などを手に入れたいのであれば、変化する世界に歩調を合わせ、知識を更新することが非常に重要です。まず、適切なCIFCクイズ準備を取得する必要があります。 CIFC試験に合格して証明書を取得するだけなので、まともな仕事を得て、より多くのお金を稼ぐことができます。

IFSE Institute Canadian Investment Funds Course Exam 認定 CIFC 試験問題 (Q213-Q218):

質問 # 213
Manuel is a Dealing Representative for Commonwealth Financial Inc., a mutual fund dealer. His dealer represents many different mutual fund families available, including their own: CF Group of Funds. He is considering recommending a CF equity fund to one of his clients, Stefania. While describing details about the fund, he informs her that accounts are set-up in nominee name, and that their mutual funds are not transferable.
In addition, the fund does pay trailer fees.
What type of information has Manuel described about his potential investment recommendation?

A. Excessive trading
B. Features of a locked-in plan
C. A Letter of Engagement
D. The material conflict of interest

正解：D

解説：
Explanation
A material conflict of interest is a situation where a dealing representative or a mutual fund dealer has an interest that may affect their ability to act in the best interest of their clients, or that may influence their judgment or behaviour. A material conflict of interest may arise from various sources, such as compensation arrangements, personal or business relationships, or ownership interests. In this case, Manuel has described some information that may indicate a material conflict of interest, such as:
*His dealer represents many different mutual fund families, including their own: CF Group of Funds. This may create a bias or incentive for Manuel to recommend the CF equity fund over other funds that may be more suitable for his client, Stefania.
*The accounts are set-up in nominee name, which means that the dealer is the registered owner of the mutual funds and holds them in trust for the client. This may affect the client's rights and benefits as the beneficial owner of the funds, such as voting rights, transferability, or access to information.
*The mutual funds are not transferable, which means that the client cannot move them to another dealer or fund family without selling them and incurring fees or taxes. This may limit the client's flexibility and choice, and create a lock-in effect for the dealer.
*The fund does pay trailer fees, which are ongoing commissions paid by the fund manager to the dealer for the services and advice provided to the client. This may create a conflict of interest for Manuel, as he may receive a portion of the trailer fees as part of his compensation. This may influence his recommendation of the fund, as he may benefit from the client's continued investment in the fund.
Manuel should disclose these potential material conflicts of interest to his client, Stefania, and explain how they may affect his recommendation of the CF equity fund. He should also ensure that his recommendation is based on the client's needs, objectives, risk tolerance, and time horizon, and that he provides the client with the necessary information and documents, such as the fund facts, to make an informed decision.
References = Canadian Investment Funds Course, Unit 7: The Regulatory Environment, Lesson 1: The Regulatory Framework, Section 7.1.3: Material Conflicts of Interest1; CIFC prepkit, Chapter 7: The Regulatory Environment, Question 7.1.3 2

質問 # 214
Which of the following formulas correctly shows how taxable income is calculated?

A. gross income less tax credits
B. total income less tax deductions
C. the sum of income from all sources
D. the sum of earned income and investment income

正解：B

解説：
Explanation
According to the copyright Revenue Agency, taxable income is the amount used to calculate federal tax and provincial or territorial tax on the income tax return. Taxable income is calculated by subtracting tax deductions from total income. Total income is the sum of income from all sources, such as employment, business, investment, pension, and other income. Tax deductions are amounts that can be subtracted from total income to reduce the amount of income that is subject to tax. Some examples of tax deductions are RRSP contributions, child care expenses, moving expenses, and alimony payments. Tax credits are not subtracted from total income, but rather from the tax payable. Tax credits are amounts that can reduce the amount of tax owed or increase the amount of refund. Some examples of tax credits are basic personal amount, spouse or common-law partner amount, copyright workers benefit, and foreign tax credit.
Therefore, the correct answer is C. total income less tax deductions.
References: 1: Line 26000 - Taxable income - copyright.ca 2

質問 # 215
Which of the following statements is true when comparing fund of funds to traditional mutual funds?

A. Fund of funds have more fee structure options available and lower fees than traditional mutual funds.
B. Fund of funds have more asset class options available and lower fees than traditional mutual funds.
C. Since fund of funds invest primarily outside copyright, they will have higher fees than traditional mutual funds.
D. Fund of funds have higher fees than traditional mutual funds since there are two sets of management fees.

正解：D

質問 # 216
Gershon is a Dealing Representative and he opens a new account for his client, Isaac. Gershon collects the necessary information from Isaac in order to designate the Trusted Contact Person (TCP) for Isaac's account.
Which of the following statements about Isaac's TCP is CORRECT?

A. The TCP is the person who Gershon can speak to if he becomes concerned about Isaac's mental capacity to make financial decisions.
B. The TCP is the person who is designated with authority to direct financial dealings for Isaac's account and make financial decisions.
C. The TCP is an alternative to a Power of Attorney (PQA) and has the authority to make changes to Isaac's account and direct trading.
D. The TCP is an alternative authority on Isaac's account who has the power to place a temporary hold on Isaac's account to disallow trading.

正解：A

質問 # 217
During the calendar year, Firmansyah received a $1,800 eligible dividend from a large Canadian bank and a foreign, dividend from his The USD/CAD exchange rates is 1.3605.
Firmansyah's federal marginal tax bracket is 29%. The enhanced dividend gross-up rate is 38% and the federal dividend tax credit rate for eligible dividends is 15%.
What federal tax liability will be due from the investment income?

A. $695.76
B. $522.00
C. $348.00
D. $870.00

正解：A

解説：
Explanation
To calculate Firmansyah's federal tax liability from the investment income, we need to follow these steps:
* Step 1: Convert the foreign dividend from USD to CAD using the exchange rate given in the question.
The exchange rate is 1.3605 CAD per USD, which means that 1 USD is equivalent to 1.3605 CAD.
Therefore, Firmansyah's foreign dividend in CAD is:
500*1.3605=680.25
* Step 2: Calculate Firmansyah's grossed-up dividend income from both sources. A grossed-up dividend income is the actual dividend received plus a percentage of the dividend that reflects the corporate tax paid by the issuer. The percentage varies depending on whether the dividend is eligible or non-eligible.
According to [this site], an eligible dividend is a dividend paid by a Canadian corporation that meets certain criteria, such as being listed on a designated stock exchange or being a subsidiary of such a corporation. A non-eligible dividend is a dividend that does not meet these criteria, such as a dividend paid by a foreign corporation or a small Canadian business corporation. The gross-up rate for eligible dividends in 2020 was 38%, while the gross-up rate for non-eligible dividends in 2020 was 15%.
Therefore, Firmansyah's grossed-up dividend income from both sources is:
(1800+680.25)*(1+0.38)=3426.35
* Step 3: Apply Firmansyah's federal marginal tax rate to his grossed-up dividend income to get his federal tax before credits. A marginal tax rate is the percentage of tax applied to an additional dollar of income. According to [this site], Firmansyah's federal marginal tax rate for 2020 was 29%, as his taxable income was between $150,473 and $214,368. Therefore, Firmansyah's federal tax before credits is:
0.29*3426.35=993.64
* Step 4: Subtract Firmansyah's federal dividend tax credit from his federal tax before credits to get his net federal tax liability from the investment income. A dividend tax credit is a percentage of the grossed-up dividend income that reflects the corporate tax paid by the issuer and avoids double taxation.
The percentage varies depending on whether the dividend is eligible or non-eligible. According to [this site], the federal dividend tax credit rate for eligible dividends in 2020 was 15%, while the federal dividend tax credit rate for non-eligible dividends in 2020 was 9.03%. Therefore, Firmansyah's federal dividend tax credit from both sources is:
(1800+680.25)*0.38*0.15=297.88
* Step 5: Subtract Firmansyah's federal dividend tax credit from his federal tax before credits to get his net federal tax liability from the investment income. This is the amount of federal income tax that Firmansyah has to pay or has overpaid from the investment income. Therefore, Firmansyah's net federal tax liability from the investment income is:
993.64297.88=695.76
Hence, option C is correct. References: [Canadian Investment Funds Course (CIFC) | IFSE Institute],
[Dividend Tax Credit | TurboTax copyright Tips], [Federal Income Tax Rates for copyright - TurboTax copyright Tips], [Eligible Dividends | TurboTax copyright Tips]

質問 # 218
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私たちのCIFCテスト問題集資料を試してみると、私たちの製品に満足しています、お客様に高質のCIFC模擬対策問題を入手させるには、我々は常に真題の質を改善したり、最新の試験に応じて真題をアープデートしたいしています、また、ご購入の一年間に、我々社はお客様に無料でCIFC受験方法 - Canadian Investment Funds Course Exam関連勉強資料更新版を提供します、Japancertは、IFSE Institute期待されるスコアを達成してCIFC認定を取得する価値のあるクライアントにチャンスを与えるための非常に素晴らしい効果的なプラットフォームです、CIFC認定を迅速に取得するために、Japancert人々は多くのCIFC学習教材を購入しましたが、これらの教材は適切ではなく、助けにもならないこともわかっています、Japancert有効なCIFC研究急流がなければ、IFSE Instituteあなたの利益はあなたの努力に比例しないといつも感じていますか？

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素晴らしいCIFC復習解答例 & 合格スムーズCIFC受験方法 | 実用的なCIFCダウンロード

お客様に高質のCIFC模擬対策問題を入手させるには、我々は常に真題の質を改善したり、最新の試験に応じて真題をアープデートしたいしています、また、ご購入の一年間に、我々社はお客様に無料でCanadian Investment Funds Course Exam関連勉強資料更新版を提供します。

Japancertは、IFSE Institute期待されるスコアを達成してCIFC認定を取得する価値のあるクライアントにチャンスを与えるための非常に素晴らしい効果的なプラットフォームです、CIFC認定を迅速に取得するために、Japancert人々は多くのCIFC学習教材を購入しましたが、これらの教材は適切ではなく、助けにもならないこともわかっています。