In evaluating the performance of your Canadian equity mutual fund, the most appropriate comparison would be its performance relative to the

Question 57 options:

	Dow Jones Industrial Average.
	S&P 500 index.
	S&P/TSX composite index.
	cost of living (CPI) index.

Question 58 (1 point)

The units of a segregated fund differ from the units of a mutual fund in that

Question 58 options:

	the units of the segregated fund are owned by the insurance company.
	the units of the segregated fund are owned by the unit holder.
	each unit is insured from the date of purchase.
	a segregated fund does not report a NAV.

Question 59 (1 point)

For mutual funds, the net asset value (NAV) is reported

Question 59 options:

	weekly on Fridays just after market close.
	on a daily basis.
	monthly on the close of the last Friday.
	on an hourly basis.

Question 60 (1 point)

Even though you expect to receive OAS and CPP, a common rule of thumb is in order to be able to retire comfortably is

Question 60 options:

	to save an additional 10 percent of gross earnings in a variety of pension investments.
	to maximize OAS and CPP and GIS.
	to make sure you are in a long-term pension plan.
	to save at least 10 percent of after-tax earnings in retirement accounts.

Question 61 (1 point)

If you are far from retirement age and wish to maximize your income in retirement, you should consider investing in

Question 61 options:

	guaranteed investment certificates.
	mutual funds with high-growth stocks.
	corporate bonds.
	government bonds or bond funds.

Question 62 (1 point)

In an employer-sponsored retirement plan, you should contribute at least

Question 62 options:

	the amount that maximizes what the employer contributes.
	one percent of your net income in your early working years.
	three percent of your gross income in middle age.
	nine percent of your gross income.

Question 63 (1 point)

CPP offers

Question 63 options:

	an exclusion of 30 percent of your lowest earning years in the calculation of your CPP entitlement.
	the option of collecting it up to five years early with a reduced benefit.
	the GIS benefit for low income seniors.
	a full survivor benefit to the spouse of a recipient who was receiving CPP on death.

Question 64 (1 point)

With respect to the CPP, which of the following statements is true?

Question 64 options:

	Employee contributions to the CPP can be claimed as a refundable tax credit.
	Employer contributions are a deductible business expense and are not considered a taxable benefit for the employee.
	Employee contributions to the CPP can be claimed as a tax deduction.
	Employer contributions are a deductible business expense and are considered a taxable benefit for the employee.

Question 65 (1 point)

In addition to providing a retirement pension, the CPP program also provides for a

Question 65 options:

	critical illness benefit.
	long-term care benefit.
	disability income benefit.
	supplemental health care benefit.

Question 66 (1 point)

Janice, 66, has earned income of $94 000 in 2020. The 2020 OAS income threshold is $79 054. What is her monthly OAS clawback?

Question 66 options:

	$192.97
	$186.83
	$168.45
	$174.90