Show:
Visa
Booked Appts
Online Banking
Mortgages
Loans
100
Which calculator will give clients a very clear picture of their cashflow?
Create a Budget Calculator
100
Who can start/open a RESP ?
Parents/Grandparents/Guardians
100
What is the amount per annum that you can contribute towards a TFSA
5000 CAD
100
Are US $ investments covered/Guranteed by CDIC (Canadian Depositors Insurance Corporation)
No.Only CAD investments are covered.
100
Which calculator will give clients a very clear picture of their cashflow?
Create a Budget
200
How do you calculate RSP contribution limit ?
18 % of annual gross income - pension + Carry Forward of previous years
200
What is the yearly contribution amount to earn the maximum Canada Education Savings Grant ( CESG) ?
2500 for 500 (20% of 2500 upto a maximum of 500 per annum)
200
Who can open a TFSA ?
Any Canadian resident over the age of 18 years
200
Who can invest in a Canadian GIC ?
Anyone who has a Valid SIN
200
Which Canada Revenue Agency document will show that a client has unused RRSP contribution room available to them that they may benefit from obtaining a loan to make the contribution?
Notice of Assessment
300
Where can one find the RSP contribution limit for a particular year ?
Notice of Assessment
300
What is the total maximum CESG the government will pay for each child towards RESP?
7200 C$
300
If one withdraws 10000 CAD from his/her TFSA,can a contribution of 10000 plus an additional 5000 CAD be made the following year
Yes
300
To obtain a free day to day chequing account,what other product must a client have?
Rewards Visa + Investment (eg:TFSA/RSP/GIC with a minimum of 25 C$)
300
What is the main message for the credit advice principle, "Ensure you have a repayment plan"?
Manage your debt, don't let it manage you
400
What is the limit for 2009 RSP contribution ?
18% of the income of 2008
400
What is the maximum contribution for each child in an RESP ?
50000
400
If your 5000 CAD into a TFSA grows to 10000 CAD and then the full amount is withdrawn,how much do you owe in taxes to CRA?
0 - nothing - Nada
400
What is an RDSP and who can help clients to open an RDSP?
Registered Disability Savings Plan and can be opened by IRPs and FPs
400
What new tool will help you navigate personal loan policies and procedures so that you can quickly and easily identify the information you need to complete specific credit requests?
Personal Lending Deal Wizard
500
what is the maximum amount one can withdraw from RSPs towards the first time home buyer's plan
25000 C$
500
Which is a better option : 1.Contribute full amount of 50000 C$ 2.Contribute and receive Government grant CESG annually
All up front
500
The return on an investment of 5000 CAD for 10 years in TFSA is greater than 70000 CAD.Assume Rate of return is 8pc (True/False)
True
500
For Personal clients only,What is the total $$ amount that is covered by CDIC ?
Single person non-RRSP === 800000 C$
500
In the case of the disability of a loan holder, the Insurer will pay to RBC Royal Bank the client's regular loan payment of principal, interest and insurance premium up to a maximum of $3,000 per month for all insured loans for a maximum of?
24 Months