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IFSE Institute CIFC Exam - Topic 11 Question 20 Discussion

Darryl has a diversified investment portfolio of mutual funds in a non-registered account with Investwell Mutual Funds, a mutual fund dealer. Darryl's diversified portfolio is composed of 3 mutual funds. Each mutual fund is currently worth about $100,000. The ABC Canadian Equity Fund has a total return of 6%, the DEF Bond Fund has a total return of 8% and GHI Global Equity Fund has a total return of 10%. Darryl wants to make an in-kind contribution to his registered retirement savings plan (RRSP) account. He has unused RRSP contribution room of $60,000.From a tax-efficient viewpoint, which funds contribute in-kind to his RRSP account?
A) Move the DEF Bond Fund to the RRSP.
B) Move the GHI Global Equity Fund to the RRSP
C) Move $20,000 from each of the three funds to the RRSP.
D) Move the ABC Canadian Equity Fund to the RRSP.

IFSE Institute CIFC Exam - Topic 11 Question 20 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 20
Topic #: 11
[All CIFC Questions]

Darryl has a diversified investment portfolio of mutual funds in a non-registered account with Investwell Mutual Funds, a mutual fund dealer. Darryl's diversified portfolio is composed of 3 mutual funds. Each mutual fund is currently worth about $100,000. The ABC Canadian Equity Fund has a total return of 6%, the DEF Bond Fund has a total return of 8% and GHI Global Equity Fund has a total return of 10%. Darryl wants to make an in-kind contribution to his registered retirement savings plan (RRSP) account. He has unused RRSP contribution room of $60,000.

From a tax-efficient viewpoint, which funds contribute in-kind to his RRSP account?

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Suggested Answer: A

by Cora at May 28, 2026, 12:37 PM

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Lorrie
3 days ago
I remember practicing a similar question where we had to consider capital gains. I feel like the GHI Global Equity Fund could be a better choice because of its higher return.
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Lavonda
8 days ago
I think moving the DEF Bond Fund might be the best option since it has a lower return, but I'm not entirely sure if that’s the most tax-efficient choice.
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