CSI FP2 - Financial Planning II (FPII)
- Exam Code: FP2
- Exam Name: Financial Planning II (FPII)
- Updated: Oct 12, 2026
- Q & A: 62 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Insurance Planning | 10% | - Property and liability risk management - Life, disability, and critical illness insurance |
| Financial Planning for Small Business | 15% | - Succession planning and exit strategies - Business structure and financial considerations |
| Financial Planning Practice | 10% | - Client engagement and data gathering - Financial plan development process |
| Retirement Planning | 20% | - Government and private retirement programs - Retirement income needs analysis - Retirement savings and withdrawal strategies |
| Investment and Tax Planning | 10% | - Investment portfolio construction - Tax-efficient investing and income planning |
| Savings Planning & Debt Management | 10% | - Savings vehicles and strategies - Debt management and repayment plans |
| Estate Planning | 10% | - Estate taxation and wealth transfer - Wills, trusts, and powers of attorney |
| Family Law | 15% | - Support obligations and asset division - Marriage, cohabitation, and separation agreements |
Firm YHZ is looking to hire an analyst that specializes in fundamental analysis and have been presented with the following candidates:
Analyst
Specialty/Evaluation Method
Annabelle
Analyzing investor behaviours
Boris
Studying past stock prices and volumes
Charles
Estimating stock value using economic factors
Dakota
Examining stock charts and identifying patterns and trends
Who will firm YHZ likely hire for this purpose?
Correct Answer: B 🗳️
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If an employee earns more than the yearly maximum pensionable earnings, but an employer continues to deduct Canada Pension Plan contributions, what will happen to the excess contributions?
Correct Answer: A 🗳️
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Nelson Smith has hired Jackie Fraser to be his financial advisor. Jackie works for FP Inc. On Nelson's behalf, Jackie has placed an order for units of the QBR Balanced Fund from QBR Investments Inc., a subsidiary of the QBR Insurance Company. Who is the principal and third-party for this transaction?
Correct Answer: A 🗳️
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What is the name of the individual who is responsible for making decisions based on a power of attorney?
Correct Answer: B 🗳️
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Which statement describes the doctrine of non est factum as it applies to contracts?
Correct Answer: D 🗳️
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