Free Lenovo LENU-124C Exam Questions

Ivan has been relocated to a new office by his employer and is considering moving to a home closer to hisnew workplace. What is the minimum distance Ivan will have to move in order to qualify for the work-relatedmoving expenses income tax deduction?

Clara invested $150,000 with Roper Counsel, a member of CIRO. Her portfolio consists entirely of Canadianmutual funds. Roper Counsel recently became insolvent and declared bankruptcy. Where can Clara seek helpto recover her financial losses due to this event?

A client, age 60, is in a low tax bracket today and expects a larger taxable pension after age 65. She has TFSAand RRSP room. Which contribution priority is generally more appropriate?

A financial planner is invited to serve as a paid director of a private corporation owned by one of her clients.The client also wants the planner to continue providing personal financial planning advice. What should theplanner do before accepting the directorship?

A client, age 60, is in a low tax bracket today and expects a larger taxable pension after age 65. She has TFSAand RRSP room. Which contribution priority is generally more appropriate?