Free CSI FP2 Practice Test & Real Exam Questions

Exam Code/Number: FP2
Exam Name/Title: Financial Planning II (FPII)
Certification Provider: CSI
Corresponding Certification: Canadian Securities Course

Exam Questions: 62
Updated On: Oct 14, 2026

Question #1

Sarah would like to add another stock holding to her portfolio. She is researching the financial condition of different companies and trying to determine their potential for future growth. What type of approach is Sarah taking when reviewing these companies?

A. Fundamental analysis.

B. Tactical asset allocation.

C. Technical analysis.

D. Passive investment strategy.

Discussion 0

Correct Answer: A Vote an answer

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Question #2

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. Dividend income is attributed to Roy.

C. Capital losses are attributed to Roy.

D. No gains, losses or income are attributed to Roy.

Discussion 0

Correct Answer: B Vote an answer

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Question #3

What is the tax treatment on disability assistance payments for Registered Disability Savings Plans?

A. Disability assistance payments reduce government-funded disability benefits and tax credits.

B. Disability assistance payments are not taxable income.

C. Disability assistance payments are taxed on the grant and income earned portions.

D. Disability assistance payments are fully taxable based in the hands of the recipient.

Discussion 0

Correct Answer: C Vote an answer

Question #4

How long does an executor have to make a spousal Registered Retirement Savings Plan contribution on behalf of a deceased person?

A. The executor may contribute up to the end of the calendar year.

B. The executor may contribute up to 60 days after the date of death.

C. The executor may contribute up to 60 days after the year-end.

D. The executor may contribute up to 6 months after the date of death.

Discussion 0

Correct Answer: C Vote an answer

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Question #5

What is the tax treatment on disability assistance payments for Registered Disability Savings Plans?

A. Disability assistance payments reduce government-funded disability benefits and tax credits.

B. Disability assistance payments are not taxable income.

C. Disability assistance payments are taxed on the grant and income earned portions.

D. Disability assistance payments are fully taxable based in the hands of the recipient.

Discussion 0

Correct Answer: C Vote an answer

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Question #6

What is outside the statutory requirements of a domestic contract between parties?

A. Each party has provided full financial disclosure.

B. Each party has independent legal advice.

C. The agreement is in writing.

D. The agreement is witnessed.

Discussion 0

Correct Answer: B Vote an answer

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Question #7

What do most successful cases of unequal division of property involve?

A. Domestic abuse.

B. Short marriages.

C. Income disparity.

D. Joint ventures.

Discussion 0

Correct Answer: B Vote an answer

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