Cisco
CompTIA
ISC
EC-Council
EXIN
Fortinet
ITIL
Juniper
Microsoft
VMware
Avaya
SAP
Google
NVIDIA
Salesforce
Amazon
Palo Alto Networks
ISC2
Splunk
ServiceNow
All Vendors
  2. Home
  3. Exams
  4. IFSE Institute
  5. CIFC

IFSE Institute CIFC Exam Questions
Canadian Investment Funds Course (Page 7 )

Updated On: 28-Feb-2026
Page 7 of 46
PDF with 224 Questions

Darryl has a diversified investment portfolio of mutual funds in a non-registered account with Investwell Mutual Funds, a mutual fund dealer. Darryl's diversified portfolio is composed of 3 mutual funds. Each mutual fund is currently worth about $100,000. The ABC Canadian Equity Fund has a total return of 6%, the DEF Bond Fund has a total return of 8% and GHI Global Equity Fund has a total return of 10%. Darryl wants to make an in-kind contribution to his registered retirement savings plan (RRSP) account. He has unused RRSP contribution room of $60,000.

From a tax-efficient viewpoint, which funds contribute in-kind to his RRSP account?

  1. Move the DEF Bond Fund to the RRSP.
  2. Move the GHI Global Equity Fund to the RRSP
  3. Move $20,000 from each of the three funds to the RRSP.
  4. Move the ABC Canadian Equity Fund to the RRSP.

Answer(s): A



Danica is looking for a mutual fund to hold in her non-registered account that provides a regular stream of income with potential for capital growth. She is having difficulty distinguishing between bond funds and dividend funds.
Which of the following statements is TRUE?

  1. The return of dividend funds relies only on interest rates; whereas with bond funds, the return also depends on the general direction of stock markets.
  2. When interest rates rise, the net asset value per unit (NAVPU) of bond funds decreases; whereas with dividend funds it rises.
  3. Bond funds receive fixed interest payments from most of their investments.
  4. Bond fund distributions receive more favorable tax treatment than that of dividend funds.

Answer(s): C



Which of the following statements is true when comparing fund of funds to traditional mutual funds?

  1. Fund of funds have higher fees than traditional mutual funds since there are two sets of management fees.
  2. Fund of funds have more asset class options available and lower fees than traditional mutual funds.
  3. Since fund of funds invest primarily outside Canada, they will have higher fees than traditional mutual funds.
  4. Fund of funds have more fee structure options available and lower fees than traditional mutual funds.

Answer(s): A



At the close of business, Great Lengths Equity Fund had total assets of $135 million and total liabilities of $10 million. They had 11 million units outstanding. In addition, their current assets totalled $13 million and current liabilities were $3 million.
Which of the following statements regarding Great Lengths Equity Fund's net asset value per unit (NAVPU) is correct?

  1. The NAVPU is the total liabilities divided by the number of outstanding units.
  2. Current assets and current liabilities are used in the NAVPU calculation.
  3. There is not enough information available to calculate the NAVPU.
  4. Great Lengths Equity Fund's NAVPU is $11.36.

Answer(s): D



Sandra presently participates in her employer-sponsored defined contribution pension plan (DCPP). As contributions continue to be made into her plan, what can she expect?

  1. Retirement benefits will be based on a prescribed formula that can be referenced from the plan's terms and conditions.
  2. The employer will solely make contributions to her DCPP based on a prescribed formula noted within her plan.
  3. Her available registered retirement savings plan (RRSP) contribution room will be reduced by what is being contributed to her plan.
  4. To ensure she has savings at retirement, the employer will choose stable investments to grow her retirement savings.

Answer(s): C






Post your Comments and Discuss IFSE Institute CIFC exam dumps with other Community members:

Join the CIFC Discussion