FP2 exam dumps

CSI FP2 Value Package

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  • Exam Code: FP2
  • Exam Name: Financial Planning II (FPII)
  • No. of Questions: 62 Questions and Answers
  • Updated: Oct 08, 2026

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CSI Financial Planning II (FPII) Sample Questions:

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. 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.
  • C. The employer does not receive a tax deduction for the SERP contribution until the employee receives the benefits.
  • D. 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.
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Correct Answer: C  🗳️

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Hannah would like to replace her current vehicle and is considering leasing instead of financing. Hannah commutes a considerable distance from outside the city each day for her work. She thinks leasing would allow her to always have a newer and more reliable vehicle. What is an important factor for Hannah to consider before making her decision?

  • A. She would require a larger down payment than if financing.
  • B. Mileage limits may add extra costs for her at the end of the lease.
  • C. The lease company covers all scheduled maintenance reducing her costs.
  • D. The payments would be higher relative to financing.
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Correct Answer: B  🗳️

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Chris reviewed the current investment portfolio of his client, Judy. Chris determined that Judy needs a higher rate of return in order to retire within five years. Judy's portfolio is concentrated in fixed income instruments.
What is Chris's next step to help Judy achieve her retirement goal?

  • A. Determine the type of investments for Judy's portfolio.
  • B. Determine an acceptable level of risk for Judy's portfolio.
  • C. Determine how Judy can achieve her retirement goal.
  • D. Determine whether Judy can save more money.
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Correct Answer: B  🗳️

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The Spousal Support Advisory Guidelines are not intended to apply under which circumstance?

  • A. For married couples.
  • B. For unmarried couples.
  • C. For annual incomes greater than $350,000.
  • D. For annual incomes less than $50,000.
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Correct Answer: C  🗳️

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Kienle has provided his advisor with the following information:
($)
Income last year
50,000
Pension adjustment last year
2,500
Unused contribution room from previous years
3,500
Assuming he has never over-contributed, what is the maximum amount that Kienle can put into his Registered Retirement Savings Plan without incurring a penalty?

  • A. $14,500.
  • B. $13,000.
  • C. $12,000.
  • D. $10,000.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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