Test your investing knowledge

There was an error on your page. Please correct any required fields and submit again. Go to the first error
1. For calendar 2013, the annual contribution limit for the tax-free savings account (TFSA) rises to: *This question is required.
2. Assuming your spouse has TFSA contribution room available, you may: *This question is required.
3. On Dec. 28, 2012, Bob sells 100 shares of Research In Motion for a capital loss of $4,500. The portion of the loss he can use to offset capital gains on his 2012 tax return is: *This question is required.
4. As of Jan. 1, 2013, the individual income thresholds at which Old Age Security benefits start getting clawed back, and at which they are eliminated entirely, are, respectively: *This question is required.
5. The individual income thresholds at which Canada Pension Plan benefits start getting clawed back, and at which they are eliminated entirely, are: *This question is required.
6. If you own U.S. stocks, you can avoid U.S. withholding tax on the dividends by holding the shares in your: *This question is required.
7. Ignoring taxes, if you invest $200 a month starting one month after your 18th birthday and earn an annualized return of 8 per cent in the stock market, how much money will you have when you turn 65? (calculators permitted) *This question is required.
8. Rank the following common shares in descending order of dividend yield: Wal-Mart (WMT), Bank of Montreal (BMO), BCE (BCE), McDonald's (MCD) *This question is required.
9. Strip bonds, also known as zero-coupon bonds, refer to: *This question is required.
10. For the 2012 tax year, when reporting eligible dividend income on your tax return, the dividend amount is "grossed-up" by: *This question is required.
11. Jane has a $200,000 fixed-rate mortgage at 3.5 per cent and her marginal tax rate is 43 per cent. She has $50,000 in cash that she wants to use to either pay down her mortgage or buy a GIC in a non-registered account. What interest rate would the GIC have to pay in order to have the same after-tax return as paying down the mortgage? (calculators permitted) *This question is required.
12. As of Dec. 27, the yield on a 10-year Government of Canada bond was approximately: *This question is required.
13. As of Dec. 28, 2012, Doug has accumulated $24,000 in his tax-free savings account and has used all of his contribution room. On the first business day of 2013, he decides to withdraw the entire $24,000. How much money can he immediately re-contribute to his TFSA? *This question is required.
14. A capital loss can be carried back _______ and carried forward _______. *This question is required.
15. The dividend tax credit applies to: *This question is required.
Survey Software powered by SurveyGizmo
Survey Software