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CFP® Study Tip

Government Pension Benefits

In the March e-newsletter, I provided two questions about RRSPs. The problems and solutions are as follows:

Question One

The following deposits were made into a spousal RRSP:

Year 2007 $4,000
Year 2008 $2,000
Year 2009 $3,500
Year 2010 $1,000
Year 2011 $0

The deposit of $4,000 made in the year 2007 is withdrawn in the year 2011. In whose hands is it taxed?

  1. Taxed in the hands of the contributing spouse
  2. Taxed in the hands of the recipient spouse
  3. Taxed only when all deposits in the spousal plan are withdrawn
  4. Taxed on a 50/50 split basis between spouses


You will find the solution and more about Government Pension Benefits online.


Ron Foran, CFP, CLU, CFA, FCSI
President, Foran Financial Institute

New Capstone Course Materials Available

We are pleased to announce the new CCH/Advocis FPSC-approved Capstone Course. Course 245 is part of the new CCH/Advocis Education Program Leading to CFP® Certification. It is in self-study format and focuses on the completion of a financial plan to demonstrate the student’s understanding and application of financial planning fundamentals.

The FPSC CFP exam structure now mandates that students wishing to challenge the CFP examination complete a Capstone Course. For further details on CFP certification, visit the FPSC website.

APRIL 2011

In This Issue

Question 1
Question 2
Government Pension Benefits

CFP® Program Overview
Optional CFP® Study Aids
Advocis Member Benefits

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