1) Neil and Sandra each added from their Registered Retirement Savings Plan (RRSP) inferior the Settlement Buyer’s Plan (HBP) control the dpossess cancelment on the acquisition of their pristine settlement. If Neil and Sandra withdrew the zenith that is unreserved inferior the HBP program, and possess a prevalent hypothecation (insufficiency required), what is the treasure of the settlement that they are looking to acquisition?
2) Jake is looking to endow $15,000 in XYZ alternate hoard, how numerous alternate hoard shares could he acquisition if the Net Asset Treasure (NAV) of the hoard was $43, and the hoard had a front-end accconservation of 3%?
a) 328 shares
b) 323 shares
c) 349 shares
d) 338 shares
e) 330 shares
3) The Manipulatement Expense Ratio (MER) control alternate hoards states how powerfully you constant a hoard in percentepoch provisions entire year to manipulate your specie. As the percentepoch appears feeble, most do referable attributable attributable attributable referable attributable attributableice it, beside Canadians possess the main middle MER’s and these fees procure a bite into avail. If you endowed $15,000 in the Bank of Montreal BMO US Equity A alternate hoard, how powerfully are you constanting the hoard to manipulate your specie? (Go to www.morningstar.ca, a powerful endowment learning site; discover the alternate hoard BMO US Equity A to accord to the alternate hoard endowigation.)
4) Heidi is looking to endow in the Bank of Montreal BMO US Equity A alternate hoard. She knows that it procures a insufficiency of $500 as the judicious endowment to obtain into the hoard beside is wondering what the insufficiency endowment thereafter is as well-mannered-mannered as the 8th culmination endowment trade? (Go to www.morningstar.ca, a powerful endowment learning site; discover the alternate hoard BMO US Equity A to accord to the alternate hoard endowigation.)
a) $50CAD; Apple Inc.
b) $500CAD; Apple Inc.
c) $50US; Microsoft Corp.
d) $500US; Alphabet Inc.
e) $50CAD; Walmart Inc.
5) Which announcement is defective with compliments to Term To 100 Protection?
a) Permanent duration protection policy
b) Policy does referable attributable attributable attributable elevate currency treasure
c) Constant over control premiums as you epoch
d) No longer scarcity to constant premiums if the policyholder lives departed the epoch of 100
e) Premium does referable attributable attributable attributable grasp a savings component
6) Which of the forthcoming can bias your honor reckoning?
c) Length of kindred with honorors
e) Marital status
Section I completed, live to Section II.
Section II: Five (5) Mini-Cases (14 marks)
Please transcribe (or highlight, where required) your tally in the template or boundlessness supposing.
Investigation 1: (3 marks)
Rory had frequently maximized his alwaysy-year gifts to his Tax-Free Savings Statement (TFSA), including his remotest gift on February 1, 2018. He was going to conservation this specie to finance his pristine settlement. This statement merely held individual hoard which he knew was foolhardy beside felt that it was the merely form to always possess a settlement. Unfortunately, instead of having it enlarge to $200,000 enjoy he had hoped, he lost perfect of his specie with the association going bankrupt on November 15, 2018.
a) What is the highest date that Rory can set-out to recontribute to his TFSA outside triggering a pain? (1 m