1. Which of the following is not a legitimate deduction in Canada?
A. The cost of investment advice
B. RRSP contributions
C. Mortgage interest on your home
D. Union dues
2. Which statement below regarding FPSC Financial Planning Practice Standards is correct?
A. The CFP professional has the professional discretion to change the order in which the financial planning practice standards are applied.
B. The practice standards provide a prescription to CFP professionals and FPSC Level 1 certificants when engaged in financial planning activities with clients.
C. The practice standards outline the process that should be followed in any client engagement where financial planning services are being offered, not just when delivering a comprehensive financial plan.
D. Where a practice standard is in conflict with an employer's expectation, the CFP professional should ensure that they follow the employer's expectations.