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IFSE Institute
CIFC: Canadian Investment Funds Course Exam

IFSE Institute CIFC Exam Questions

Name: IFSE Institute CIFC Exam
Brand: Pass4Success
SKU: CIFC
Price: 69.00 USD
Availability: InStock
Rating: 4.8 (22 reviews)

Exam Name: Canadian Investment Funds Course Exam

Exam Code: CIFC

Related Certification(s): IFSE Institute Investments & Banking Certification

Certification Provider: IFSE Institute

Actual Exam Duration: 180 Minutes

Number of CIFC practice questions in our database: 224 (updated: May. 15, 2025)

Expected CIFC Exam Topics, as suggested by IFSE Institute :

Topic 1: Regulatory Environment: This section of the exam measures the skills of compliance officers and covers the key laws, rules, and regulatory bodies that oversee the mutual fund industry. It ensures professionals understand the legal framework in which firms and representatives operate.
Topic 2: Registrant Responsibilities: This section of the exam measures the skills of investment advisors and covers the obligations and ethical duties that come with being a registered professional. It includes understanding know-your-client procedures, disclosure rules, and the importance of acting in clients’ best interests.
Topic 3: Suitability: This section of the exam measures the skills of financial planners and covers how to determine whether an investment product matches a client's profile. It focuses on risk tolerance, time horizon, and financial goals when offering investment choices.
Topic 4: Economic Factors and Financial Markets: This section of the exam measures the skills of market analysts and covers the basic economic principles and financial market structures that impact investment performance. It includes interest rates, inflation, and economic cycles as they relate to investment decision-making.
Topic 5: Types of Investments: This section of the exam measures the skills of wealth managers and covers the features, risks, and benefits of various investment products. It ensures understanding of stocks, bonds, ETFs, GICs, and other instruments typically included in diversified portfolios.
Topic 6: Types of Mutual Funds: This section of the exam measures the skills of fund sales representatives and covers the structure, benefits, and objectives of different mutual fund categories. It includes equity, fixed income, balanced, index, and specialty funds.
Topic 7: Portfolio Management This section of the exam measures the skills of portfolio advisors and covers the principles behind building and managing a diversified investment portfolio. It focuses on asset allocation, diversification strategies, and rebalancing techniques.
Topic 8: Mutual Funds Administration: This section of the exam measures the skills of operations specialists and covers the processes that support the day-to-day functioning of mutual funds. It includes trading, recordkeeping, pricing, and compliance reporting.
Topic 9: Retirement: This section of the exam measures the skills of retirement planners and covers the investment planning strategies and account types used to prepare for retirement. It includes registered plans, income needs, and withdrawal planning.
Topic 10: Taxation: This section of the exam measures the skills of tax advisors and covers how different investments and accounts are taxed. It includes capital gains, interest income, dividend taxation, and the tax treatment of registered and non-registered accounts.
Topic 11: Making Recommendations & Case Study: This section of the exam measures the skills of client advisors and covers the practical application of investment knowledge through real-world client scenarios. It involves synthesizing client information to make suitable investment recommendations.

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Ula

7 days ago

Know the regulatory requirements for client documentation and record-keeping. Understand the importance of KYC forms. Pass4Success's practice exams included relevant questions on compliance issues.

upvoted 0 times

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Annelle

8 days ago

Just passed the IFSE CIFC exam! Pass4Success's practice questions were spot-on. Thanks for helping me prepare so quickly!

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Free IFSE Institute CIFC Exam Actual Questions

Note: Premium Questions for CIFC were last updated On May. 15, 2025 (see below)

Question #1

Nelson is a Dealing Representative with True Wealth Advisors Inc., a mutual fund dealer. Nelson follows proper procedures related to his firm's Relationship Disclosure Information (RDI). Which of the following CORRECTLY describes how Nelson is permitted to evidence that he satisfied his RDI obligation?

ANelson may retain a copy of the RDI in the client file with detailed notes to confirm that he provided and explained the RDI to the client.

BNelson may deliver the RDI to clients who request it and keep detailed notes of the clients who were provided with the RDI.

CNelson can formalize his relationship under the RDI using a Letter of Engagement that specifies duties, responsibilities, and level of service.

DNelson can record detailed notes which confirm that he provided and explained the Fund Facts to the client within 2 days of the RDI.

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Correct Answer: A

Question #2

Which statement regarding the underwriting process and over-the-counter (OTC) markets is CORRECT?

ACorporations must have their shares listed both on an exchange and the OTC market during the underwriting process.

BDuring the underwriting process investment bankers raise investment capital from investors on behalf of corporations and governments issuing securities.

CMany new stock issues that are underwritten by securities firms are first listed on a stock exchange before they are sold over-the-counter.

DThe disclosure standards for stock exchanges are not as stringent as those imposed by the OTC market.

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Correct Answer: B

Question #3

Evan owns retractable preferred shares of Ingram Corp. Which statement CORRECTLY describes a key feature of Evan's shares?

AGives Evan the option to convert the Ingram Corp preferred shares into a fixed number of common shares at a predetermined price within a specified period.

BOffers Evan the opportunity to receive additional dividends if Ingram Corp's profit exceeds a stated level.

CEntitles Evan to sell the shares back to Ingram Corp at a pre-determined price and time in the future.

DAllows Ingram Corp to buy back the preferred shares at a pre-determined price within a defined period.

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Correct Answer: D

Question #4

Justin and Yvonne both open a Registered Education Savings Plan (RESP) for their daughter Grace. They plan to regularly contribute $1,000 per year until Grace reaches the age of 17.

Which of the following statements relating to RESP is CORRECT?

AJustin and Yvonne may contribute a combined lifetime maximum of $50,000 for Grace.

BRESPs are attractive to Justin and Yvonne because they are tax-free investment plans.

CThere is an annual contribution limit of $2,500 that Justin and Yvonne can contribute to an RESP.

DContributions made by Justin and Yvonne are eligible for a tax deduction in the year they are contributed.

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Correct Answer: A

Question #5

Ken is a member of his employer's Defined Benefit Pension Plan (DBPP). Which of the following statements about Ken's plan is CORRECT?

AContributions to the plan do not result in a Pension Adjustment (PA) for Ken.

BThe amount Ken receives in retirement depends on the performance of the investments he has selected within the plan.

CThe amount that Ken will receive at retirement is not guaranteed.

DIncome received from the plan is eligible for pension income splitting even if Ken retires before 65.

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Correct Answer: D

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