Congratulations to all of you (86% in Ontario) who wrote for the first time and passed the provincial LLQP exam in February 2010. Our challenge to those of you writing in April or May is to bring the pass rate up over 90%.
Sample LLQP Multiple Choice Exam Questions
Below are some sample LLQP questions. At the bottom of the e-newsletter are the answers and rationales. Good luck!
We are now into the 2009 income tax filing season, with the filing deadline of April 30, 2010 fast approaching. See how well you do answering the following tax related questions. Good luck!
1. Mary Martin earned $80,000 in 2009 and has earned $90,000 in 2010. In 2009, her employer contributed $1,000 to her Defined Contribution Pension Plan which she matched. In 2010, her employer contributed $1,200 to her Defined Contribution Pension Plan which she also matched. In 2009 and 2010, her employer made contributions of $11,000 and $11,250 to her Deferred Profit Sharing Plan on her behalf. Based only on the information provided, what is the maximum that Mary can contribute to her RRSP for the 2010 RRSP year? Assume that all of her earned income is from salary.
- $2,400
- $1,400
- $14,400
- $15,300
Get the answer and rationale for this question online.
Take the LLQP sample question challenge all the way and try more questions.
Education programs to guide you through your career
Advocis’ Education Resources department offers a complete range of education programs.
To see how our programs can help guide you as you move through your career, please see our Curriculum Map.
To learn more about our educational programs and resources, please click here .
Advocis is pleased to extend complimentary membership to all LLQP students entering the financial services industry for the first time. Membership does not happen automatically and to make sure you are able to take advantage of this opportunity please fill out a student membership application available here.
Upon successfully passing the Advocis LLQP examination, you will automatically be moved into our New Advisor Member Category, and your complimentary membership will then be extended for another year. The Membership dues for New Advisors in their second, third, or fourth year are only $250, a savings of more than $500 each year! For additional information on our New Advisor Member Category and our Membership requirements, please click here.
Additional Study Aids
 Preparatory Seminars and Practice Exams
LLQP Prep Seminars – A comprehensive four-day classroom-based seminar intended to prepare you for writing the certification and final licence exams.
Contact Foran Financial at: 416-947-1922 or 1-800-565-0374.
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