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CSI FP2 Valid Braindumps - Financial Planning II (FPII)

FP2
  • Exam Code: FP2
  • Exam Name: Financial Planning II (FPII)
  • Updated: Oct 10, 2026
  • Q & A: 62 Questions and Answers
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CSI FP2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Family Law15%- Financial and Property Issues
  • 1. Impact of Divorce on Financial Planning
    • 2. Domestic Contracts
      • 3. Property Division on Relationship Breakdown
        • 4. Disclosure Requirements and Financial Obligations
          - Fundamental Aspects of Family Law
          • 1. Spousal Support and Child Support
            • 2. Custody and Access
              • 3. Marriage, Cohabitation, Separation and Divorce
                Topic 2: Estate Planning10%- Trusts and Powers of Attorney
                • 1. Taxation of Trusts
                  • 2. Types of Trusts and Trust Establishment
                    • 3. Powers of Attorney for Personal Care and Property
                      • 4. Incapacity Planning and Substitute Decision-Making
                        - Estate Distribution and Tax Planning
                        • 1. Estate Planning for Individuals, Families and Business Owners
                          • 2. Minimizing or Deferring Taxes at Death
                            • 3. Probate Fee and Estate Administration Cost Reduction
                              • 4. Will Preparation and Probate
                                Topic 3: Financial Planning for Small Business15%- Business Law and Agency Relationships
                                • 1. Contract Formation and Types of Contracts
                                  • 2. Agency Relationships
                                    • 3. Contract Termination and Discharge
                                      - Small Business Financial Planning
                                      • 1. Business Structures and Entity Selection
                                        • 2. Business Valuation and Employment Law
                                          • 3. Business Succession and Estate Freezes
                                            • 4. Business Taxation
                                              Topic 4: Insurance Planning10%- General Insurance
                                              • 1. Liability and Professional Liability Insurance
                                                • 2. Homeowners and Automobile Insurance
                                                  - Life Insurance
                                                  • 1. Insurance Contract Provisions, Riders and Taxation
                                                    • 2. Life Insurance Needs Analysis
                                                      • 3. Personal and Business Applications of Life Insurance
                                                        - Disability and Health Insurance
                                                        • 1. Extended Health, Travel and Group Insurance
                                                          • 2. Disability Income Insurance
                                                            • 3. Critical Illness and Long-Term Care Insurance
                                                              • 4. Government Disability Benefits and Workers' Compensation
                                                                Topic 5: Savings Planning and Debt Management10%- Net Worth and Cash Management Planning
                                                                • 1. Emergency Funding
                                                                  • 2. Budgeting and Savings Strategies
                                                                    • 3. Net Worth and Cash Flow Analysis
                                                                      - Debt Planning and Mortgages
                                                                      • 1. Mortgage Planning and Real Estate Ownership
                                                                        • 2. Consumer Credit and Debt Management
                                                                          • 3. Lease-versus-Buy Decisions and Borrowing to Invest
                                                                            • 4. Debt Refinancing and Debt Service Ratios
                                                                              Topic 6: Investment and Tax Planning10%- Investment Management
                                                                              • 1. Modern Portfolio Theory and Asset Allocation
                                                                                • 2. Investment Selection and Risk Management
                                                                                  • 3. Portfolio Performance Measurement and Benchmarking
                                                                                    - Tax Planning Strategies
                                                                                    • 1. Income Deferral and Income Splitting
                                                                                      • 2. Tax Shelters and Tax-Efficient Strategies
                                                                                        • 3. Taxation of Business Structures
                                                                                          • 4. RESPs, RDSPs, TFSAs and In-Trust Accounts
                                                                                            Topic 7: Retirement Planning20%- Retirement Income Needs Analysis
                                                                                            • 1. Old Age Security and Guaranteed Income Supplement
                                                                                              • 2. Canada Pension Plan and Quebec Pension Plan
                                                                                                • 3. Managing Retirement Income Shortfalls
                                                                                                  • 4. Estimating Retirement Income Requirements
                                                                                                    - Registered Pension and Retirement Income Plans
                                                                                                    • 1. Annuities and Retirement Income Products
                                                                                                      • 2. Registered Retirement Savings Plans
                                                                                                        • 3. Registered Retirement Income Funds and Life Income Funds
                                                                                                          • 4. Registered Pension Plans and Deferred Profit Sharing Plans
                                                                                                            • 5. Individual Pension Plans and Executive Retirement Arrangements
                                                                                                              Topic 8: Financial Planning Practice10%- The Personal Financial Planning Process in Canada
                                                                                                              • 1. Client Responsibilities and Professional Standards
                                                                                                                • 2. The Six Steps of the Financial Planning Process
                                                                                                                  • 3. The Financial Planning Business Today
                                                                                                                    • 4. Ethics and Financial Advisors
                                                                                                                      • 5. Identifying Client Goals and Risk Profiles

                                                                                                                        CSI Financial Planning II (FPII) Sample Questions:

                                                                                                                        Question #1

                                                                                                                        What is the maximum of the payor spouse's net income that may be deducted to fulfil child support obligations?

                                                                                                                        • A. 33%.
                                                                                                                        • B. 50%.
                                                                                                                        • C. 40%.
                                                                                                                        • D. 60%.
                                                                                                                        Reveal Solution  Discussion  0

                                                                                                                        Correct Answer: B  🗳️

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                                                                                                                        Question #2

                                                                                                                        Jo and Jordan have recently married. This is their second marriage, and they are planning to buy a cottage together. Their primary concern is leaving each of their interest to their respective children from their previous marriages. Which tenancy structure is their real estate lawyer likely to recommend?

                                                                                                                        • A. Common.
                                                                                                                        • B. Joint.
                                                                                                                        • C. Freehold.
                                                                                                                        • D. Fee simple.
                                                                                                                        Reveal Solution  Discussion  0

                                                                                                                        Correct Answer: A  🗳️

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                                                                                                                        Question #3

                                                                                                                        Roy gifted his nephew Charles, age 16, shares for his birthday. The managed portfolio will generate both dividends, and capital gains and losses. What will be Roy's future tax implications, with respect to this transfer, until Charles reaches the age of majority?

                                                                                                                        • A. Capital gains are attributed to Roy.
                                                                                                                        • B. No gains, losses or income are attributed to Roy.
                                                                                                                        • C. Capital losses are attributed to Roy.
                                                                                                                        • D. Dividend income is attributed to Roy.
                                                                                                                        Reveal Solution  Discussion  0

                                                                                                                        Correct Answer: D  🗳️

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                                                                                                                        Question #4

                                                                                                                        What is the name of the individual who is responsible for making decisions based on a power of attorney?

                                                                                                                        • A. Donor.
                                                                                                                        • B. Testator.
                                                                                                                        • C. Donee.
                                                                                                                        • D. Settlor.
                                                                                                                        Reveal Solution  Discussion  0

                                                                                                                        Correct Answer: C  🗳️

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                                                                                                                        Question #5

                                                                                                                        Fatima would like to make a prepayment on her mortgage and her bank advises her that she has a closed mortgage so there will be a penalty, using the three months interest formula. Calculate the penalty, assuming that Fatima's mortgage rate is 5% with 36 months remaining and there is $250,000 balance outstanding on the mortgage.

                                                                                                                        • A. $1,042.
                                                                                                                        • B. $3,125.
                                                                                                                        • C. $7,493.
                                                                                                                        • D. $4,167.
                                                                                                                        Reveal Solution  Discussion  0

                                                                                                                        Correct Answer: B  🗳️

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