CSI FP2 : Financial Planning II (FPII)
- Exam Code: FP2
- Exam Name: Financial Planning II (FPII)
- Updated: Oct 08, 2026
- Q & A: 62 Questions and Answers
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CSI Financial Planning II (FPII) Sample Questions:
What factors are used for calculating contributions to an individual pension plan?
- A. Annual contributions are based on the lesser of 18% of the employee's salary paid by the employer or half the limit for money purchase plans.
- B. Annual contributions required to fund the plan must be calculated based on the age of the employee, the benefit formula and amount of business profits available.
- C. Annual contributions are based on the employee's unused registered retirement savings plan deduction room plus 18% of their earned income from the previous year.
- D. Annual contributions required to fund the plan must be calculated based on the age of the employee, their earnings history and the benefit formula.
Correct Answer: D 🗳️
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Maxwell is filing a rights or things tax return for his deceased mother. She had the following sources of income:
Debenture interest coupons.
Unpaid dividends declared before her death.
Old age security that was due before her death.
Income from a registered retirement savings plan (RRSP).
Which form of income will Maxwell have to exclude from the rights or things tax return?
- A. Old age security that was due before her death.
- B. Income from an RRSP.
- C. Debenture interest coupons.
- D. Unpaid dividends declared before her death.
Correct Answer: B 🗳️
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Julien will be making a spousal Registered Retirement Savings Plan contribution for his wife. When should Julien make this contribution, in order to lessen the impact of the three-year rule?
- A. January.
- B. December.
- C. March.
- D. February.
Correct Answer: B 🗳️
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Sarah would like to add another stock holding to her portfolio. She is researching the financial condition of different companies and trying to determine their potential for future growth. What type of approach is Sarah taking when reviewing these companies?
- A. Passive investment strategy.
- B. Fundamental analysis.
- C. Tactical asset allocation.
- D. Technical analysis.
Correct Answer: B 🗳️
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What is unique about the taxation of a partnership?
- A. Partnership earnings are eligible for the small business tax rate.
- B. Partnerships are eligible for the enhanced capital gains exemption.
- C. Partners must report the share of profits or loss on their individual tax returns.
- D. Partners cannot receive a dividend tax credit on the income tax return.
Correct Answer: C 🗳️
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