Financial Planning II (FPII): FP2 Exam
"Financial Planning II (FPII)", also known as FP2 exam, is a CSI Certification. With the complete collection of questions and answers, PrepPDF has assembled to take you through 62 Q&As to your FP2 Exam preparation. In the FP2 exam resources, you will cover every field and category in Canadian Securities Course Certification helping to ready you for your successful CSI Certification.
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- Exam Code: FP2
- Exam Name: Financial Planning II (FPII)
- Certification Provider: CSI
- Corresponding Certification: Canadian Securities Course
- Updated: Oct 08, 2026
- No. of Questions: 62 Questions & Answers with Testing Engine
- Download Limit: Unlimited
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CSI Financial Planning II (FPII) Sample Questions:
Kimberly, age 24, has few assets, and is single with no children. Kimberly has a 10-year-old niece Tanya who she would like her entire estate to be distributed to at death. She consults with her lawyer Jackie to write a will. What is the most important clause Jackie should add in Kimberly's will?
- A. Funeral instructions and requirement to pay all debts and obligations.
- B. Discretionary encroachment.
- C. Appointment of a guardian for a minor.
- D. Discretionary powers to divest assets, borrow from estate and to make investment decisions.
Correct Answer: B 🗳️
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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. Fee simple.
- B. Common.
- C. Freehold.
- D. Joint.
Correct Answer: B 🗳️
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What tax consideration should employers take into account when setting up a supplemental executive retirement plan (SERP)?
- A. A SERP permits higher tax-deductible contributions by the employer than those allowed under a registered retirement savings plan.
- B. A SERP is eligible to be registered with the CRA provided that the employer makes a minimum contribution on behalf of the employee based on a percentage of the company's profits.
- C. When a SERP is registered with the Canada Revenue Agency (CRA) under the Income Tax Act, it provides for the employers contributions to be tax-deductible.
- D. The employer does not receive a tax deduction for the SERP contribution until the employee receives the benefits.
Correct Answer: D 🗳️
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What do most successful cases of unequal division of property involve?
- A. Joint ventures.
- B. Short marriages.
- C. Income disparity.
- D. Domestic abuse.
Correct Answer: B 🗳️
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Bonny is looking to lease a vehicle. Here is the information given to her by the salesperson:
Net capitalized value
$25,000
Monthly payments
$300
Term of the lease
48 months
Residual value
$13,450
Sales taxes on residual value
$1,749
Down payment (including taxes)
$4,500
What is the total cost of leasing?
- A. $34,099.
- B. $18,900.
- C. $30,299.
- D. $43,900.
Correct Answer: B 🗳️
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