Tax Free Savings
What is the 2020 TFSA Contribution Limit
What is $6000
Who can sell the Compass Portfolios?
Any licensed individual - Lance, Allison, Julie, etc
Where do Lance, Allison, and Julie live
Lance - Edmonton & Sylvan Lake
Allison - Red Deer
Julie - Calgary
What is the interest rate on an ATB Financial daily interest account?
.25 <5000
1.05 > 5000
In the song “Frosty the Snowman,” what made Frosty come to life?
What is the Lifetime TFSA Contribution amount as of end of 2020
What is $69,500
How many portfolios does the Compass line up have?
6 Portfolios - Conservative, Conservative Balanced, Balanced, Balanced Growth, Growth, and Max Growth
How many Kids does Allison have?
a) 0
b) 2
c) 3
b) 2
How much does it cost to early redeem a non redeemable product?
What is $200
Also: Fee can be waived with Approval from Branch Manager if funds are being transferred to ATB Wealth.
Per a recent holiday fad, what “spy” hides around the house, reporting back to Santa on who has been naughty and nice?
Elf on the Shelf
What happens if you over-contribute to a TFSA?
What is A CRA Penalty of 1% per Month that you have over-contributed
What does MER Stand for?
What is Management Expense Ratio
How many countries has Lance been to?
45
At what age does the government require you to convert your RRSP's into a RRIF?
What Christmas-themed ballet premiered in Saint Petersburg, Russia in 1892?
The Nutcracker
No. You can invest in Mutual funds, GIC's, stocks, bonds, etf's, etc
Do the Compass Portfolios pay a dividend? If so, how often?
Yes. Twice per year. Distributions in July and December.
Personal Question for Julie: Julie to add a personal question:
How many Grandkids does Julie have?
What is Three
What is the name of the department that deals with Small Businesses in Alberta who want to give their employees banking benefits/retirement investment benefits/etc.
What is Group Wealth Services
In 1981, Bob and Doug McKenzie released their own version of a classic Christmas song. Which song is that?
The 12 Days of Christmas
Can you re-contribute to a TFSA once you have withdrawn from it?
Trick Question: Any withdrawals made can only be recontributed next calendar year. But if you have un-used contribution space you can still access that space and contribute.
A client walks in with $1,200,000 - proceeds from his farm sale. He wants to use these funds to fund his retirement. He speaks highly about his Investors Group mutual funds and wants to find out how to transfer the money over there. Do you:
a) Give him instructions on how to transfer it
b) Agree with him that IG has great funds and recommend he talk to someone there
c) Get him in front of an ATB Wealth employee - Lance, Allison, or Julie
What is c) in this case it would go to Lance or Allison due to amount
Which team is better: Oilers or Flames?
The McOilers
Instant Winner: ABC (Anybody but Calgary)
1) What is an RESP? (what does it stand for)
2) Who is an ideal candidate for it out of the choices below:
a) A retired couple who collects CPP and OAS
b) A D.I.N.K couple (Double Income No Kids) to help them with a tax break
c) A couple with young kids and whose goal is to pay for their university / college
Registered Education Savings Plan
C) A couple with Young Kids
What holiday movie sequel includes a cameo by President Donald Trump?
Home Alone 2