CSI FP2 - Financial Planning II (FPII)

CSI FP2 Actual PDF
  • Exam Code: FP2
  • Exam Name: Financial Planning II (FPII)
  • Updated: Oct 12, 2026
  • Q & A: 62 Questions and Answers
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About CSI FP2 Exam

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CSI FP2 Exam Syllabus Topics:

SectionWeightObjectives
Insurance Planning10%- Property and liability risk management
- Life, disability, and critical illness insurance
Financial Planning for Small Business15%- Succession planning and exit strategies
- Business structure and financial considerations
Financial Planning Practice10%- Client engagement and data gathering
- Financial plan development process
Retirement Planning20%- Government and private retirement programs
- Retirement income needs analysis
- Retirement savings and withdrawal strategies
Investment and Tax Planning10%- Investment portfolio construction
- Tax-efficient investing and income planning
Savings Planning & Debt Management10%- Savings vehicles and strategies
- Debt management and repayment plans
Estate Planning10%- Estate taxation and wealth transfer
- Wills, trusts, and powers of attorney
Family Law15%- Support obligations and asset division
- Marriage, cohabitation, and separation agreements

CSI Financial Planning II (FPII) Sample Questions:

Question #1

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?

  • A. Annabelle.
  • B. Charles.
  • C. Dakota.
  • D. Boris.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

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?

  • A. The employee will receive the excess contributions as a refund on their tax return.
  • B. The employer will receive the excess contributions back to apply to the next year's contribution period.
  • C. The employer must return the excess contributions to the employee as a taxable benefit.
  • D. The employee can elect to transfer the excess contributions to a Registered Retirement Savings Plan.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

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?

  • A. Nelson Smith and QBR Investments Inc.
  • B. Jackie Fraser and QBR Investments Inc.
  • C. Nelson Smith and Jackie Fraser.
  • D. FP Inc. and QBR Insurance Company.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

What is the name of the individual who is responsible for making decisions based on a power of attorney?

  • A. Donor.
  • B. Donee.
  • C. Testator.
  • D. Settlor.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

Which statement describes the doctrine of non est factum as it applies to contracts?

  • A. When a mistaken assumption is made by both parties on a fundamental aspect of the subject matter.
  • B. When a false statement of fact induces another to enter into a contract.
  • C. When the goods, which are subject of the contract, do not exist.
  • D. When one party is mistaken by the nature of the document.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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