administer consumer proposals and bankruptcies only.

manage assets held in trust only.

administer consumer proposals and bankruptcies and manage assets held in trust.

administer consumer proposals and manage assets held in trust only.

60 percent

147 percent

261 percent

73 percent

Amount of the loan

Interest rate

Loan repayment schedule

Credit score

For a loan to be considered a student loan, the lender must be the federal government.

You can always claim a tax deduction for any loan that you consider a student loan.

Full-time students must make interest payments while studying.

Loan limits are lower for students who are dependents.

Collecting the maximum Educational Assistance Payments in the RESP account

Applying for the Canada Learning Bond as soon as possible

Benefiting from the tax deferral in an RESP account as quickly as possible

Contributing to an RESP in such a way as to collect the maximum Canada Education Savings Grant

All banks offer the same rates on GICs.

The longer the term, the lower the interest rate paid, all else equal.

Much higher interest rates (than competitors) would likely reflect higher risk.

Early withdrawals of money are not subject to a penalty.

500.

660.

460.

700.

eligible to be transferred to a spouse

a tax credit.

a deduction from total income.

a deduction from federal tax payable.

All of these options are correct.

he can save $840 on his taxes from his $2000 RRSP contribution.

he can save $840 on his taxes if he applies his son's $2000 of tuition amount.

he can save $840 on his taxes from his $2000 medical expenses.

Manulife Securities

Capital One Bank

RBC Insurance

Scotiabank