IAPP Exam CIPP-C Topic 2 Question 26 Discussion

Actual exam question for IAPP's CIPP-C exam

Question #: 26
Topic #: 2

A new client is opening a Registered Retirement Savings Plan. Their investment advisor asks for their social insurance number (SIN). The advisor must tell the client that because they are opening a tax reporting product, their SIN is mandatory for tax reporting purposes and?

AOptional for identity verification purposes.

BMandatory for identity verification purposes.

COptional for secondary marketing purposes.

DMandatory for secondary marketing purposes.

Show Suggested Answer

Suggested Answer: D

by Lai at May 24, 2023, 08:46 AM

Limited Time Offer

25%

Off

Get Premium CIPP-C Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Helene

1 days ago

But is it also mandatory for identity verification purposes?

upvoted 0 times

...

Dante

8 days ago

Option B is clearly the correct answer. The SIN is mandatory for identity verification when opening a tax-reporting product like an RRSP. It's not optional or for secondary marketing purposes. Duh!

upvoted 0 times

...

Jutta

9 days ago

I agree with Maurine, it's important for tax reporting.

upvoted 0 times

...

Maurine

16 days ago

I think the SIN is mandatory for tax reporting purposes.

upvoted 0 times

...