CFP® Study Tip
Government Pension Benefits
In the March e-newsletter, I provided two questions about RRSPs. The problems and solutions are as follows:
The following deposits were made into a spousal RRSP:
The deposit of $4,000 made in the year 2007 is withdrawn in the year 2011. In whose hands is it taxed?
- Taxed in the hands of the contributing spouse
- Taxed in the hands of the recipient spouse
- Taxed only when all deposits in the spousal plan are withdrawn
- 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.
Comments & Questions
- You were sent this message because you’re a member of Advocis or you’re on our email listing. If you do not wish to receive further emails and wish to unsubscribe, please send an email to firstname.lastname@example.org.
- Add us to your email safe list: to ensure that future email messages from Advocis are not sorted to your bulk or junk mail folders, please add email@example.com to your address book.
- Please DO NOT reply to this email. If you have any questions or concerns, please email us at firstname.lastname@example.org.
Advocis® is the trademark of The Financial Advisors Association of Canada.
CLU® is a trademark of The Institute for Advanced Finanical Education.
Copyright © 2010 Advocis. All rights reserved. Unauthorized reproduction of any images or content without permission is prohibited.
Note: Advocis does not award the CFP® and Certified Financial Planner® designation. The right to use the marks CFP®, CERTIFIED FINANCIAL PLANNER® and CFP(logo) is granted under licence by FPSC to those persons who have met its educational standards, passed the FPSC's Certified Financial Planner Examination, satisfied a work experience requirement, and agreed to abide by FPSC Code of Ethics.