1.Between CPP and QPP which provincial plan seems to present better advantages for retirement? a.CPP b. QPP c. RPP

2.Document that allows you to work legally in Canada and have access to certain benefits like EI can only be requested by a potential employer?

a. SIN number b. Canadian passport c. PR card

3.What is the total amount of your salary that you can put towards your rrsp each year without incurring any penalties? a. 18% of your taxable income b. 10% of your taxable income c. 25K

4.What is the maximum penalty I can incur for withdrawing from my rrsp? a. 30% for whitdrawals up to 15k b. 5% c. 11%

5. What is the threshold for financial institutions to report suspicious transactions to FINTRAC a. 10K b. 5K c. 500 dollars

6.What is the final stage of placing illegal money into the economy to make it appear legitimate? a.integration b. layering c. smurfing

7.Name one country that Canada has financial sanctions with therefore no business or personal dealings can be conducted a. Russia b. Mexico c. India

8. If your son or daughter decide not to go to school do I need to return all the grants to the Federal Government a. yes b. no c. maybe

9. What other income can be accessed to supplement and help low income seniors

a. GIS b. last resource welfare c. QPP+

10. At what age you can start accessing Old Age security a. 65+ b. 50+ c. 45+

11. What are the only two instances you can draw funds from your rrsps without penalty a. education and purchase of a first home b. travel and sickness c. none of the above

12.In Alberta to be considered low income what is the maximum threshold that you need a. under 50K d. under 10k e. under 30k

13. What is the official document that governs tax regulations in Canada a. the income tax act b. CRA c. RCMP document

14. In court of appeal do I need representation or can I represent myself in any dealings with the Canadian government a. yes its needed b. No c. maybe

15. What is the minimum threshold my business needs to make in order to apply for a GST number a. 30k b. 5k c. 15k

16. What are the forms that you need to fill out to have your tax deductions informed to your employer a. TD1 b. T2 c. T1 generals