PEPP+
What does PNO stand for?
What is “Problem, Need, Opportunity”
Who is eligible to open a TFSA in Canada?
Answer: Any Canadian resident aged 18 or older with a valid Social Insurance Number (SIN).
What does TAHE Stand for?
Total Access Home Equity
By what age must you convert your RRSP into a RRIF or annuity?
71
Who holds the record for the most Olympic gold medals of all time?
Michael Phelps
When we strive to build loyalty and become the primary choice for all our member’s financial needs and goals, this is called what?
What is “Franchised”
In what year was the TFSA introduced in Canada?
2009
What is the special rate for a 5 year fixed mortgage?
4.08% for a 5-year fixed mortgage.
True or False: You can withdraw money from your RRSP anytime without paying taxes.
False – withdrawals are considered taxable income (except under certain programs like the Home Buyers' Plan).
What is the name of the lead singer of Nickelback?
Chad Kroeger
What are the 3 C’s?
What is “Competence, Courtesy, Concern”
You pay tax on the investment income earned inside a TFSA.
False
What is new this year for mortgages?
Applicant must have an East Coast CU chequing or savings account with a pre-authorized debit for their mortgage set up to qualify.
What is the primary tax benefit of contributing to an RRSP?
Contributions are tax-deductible, which can reduce your taxable income.
What coffeehouse was the main hangout spot in Friends?
Central Perk
What drives loyalty?
What is “Relationships”
What is the one year rate on a TFSA?
3.00%
What is the end date for our mortgage campaign?
August 31, 2025
What does RRSP stand for?
Registered Retirement Savings Plan
What is the oldest cartoon that is still running?
The Simpsons
What does PEPP stand for?
What is “People Empowering People thru Performance”
What happens if you over-contribute to your TFSA?
You pay a penalty tax of 1% per month on the excess amount.
$1,500
What is the RRSP contribution limit based on?
18% of your previous year’s earned income, up to a maximum annual limit set by the government.
Who has the most goals scored, all time in the NHL?
Alex Ovechkin