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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?

Show Suggested Answer Hide Answer
Suggested Answer: A

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

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Giovanna
2 days ago
Agreed! 10% return is solid for the RRSP.
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Lavonda
8 days ago
I think moving the GHI Global Equity Fund is best. Higher return!
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Estrella
13 days ago
$20,000 from each fund seems like a balanced approach.
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Altha
18 days ago
ABC Canadian Equity Fund? Not sure that's the best move.
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Alberta
23 days ago
Surprised he can move in-kind contributions at all!
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Wynell
28 days ago
I think GHI Global Equity Fund is better for growth!
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Hillary
1 month ago
DEF Bond Fund is a good choice for tax efficiency.
upvoted 0 times
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Kenny
1 month ago
I believe the ABC Canadian Equity Fund might be the right pick since it has a lower return compared to the GHI fund, but I’m not confident about the tax implications.
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Michael
1 month ago
I’m a bit confused about the in-kind contributions. Wouldn’t moving $20,000 from each fund complicate things with taxes?
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Lorrie
2 months 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.
upvoted 0 times
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Lavonda
2 months 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.
upvoted 0 times
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