Canadian Retirement Planning

Please choose the most appropriate answer for each sentence.
  • 1

    One of the most common Canadian investment structures is ....., which isn't a normal investment, but an account allowing an individual to save money for retirement while lowering the income tax.

  • 2

    According to the Tax ..... Act of 1993, organization dues that are spent to lobby State and Federal governments are nondeductible for income tax purposes, and the portion so used must be disclosed to members on their dues invoice.

  • 3

    The owner or individual shall pay an annual state ad ..... tax of twenty-nine and one-half cents ($0.295) for each one hundred dollars ($100) of value for all real property assessed for taxation.

  • 4

    A bank acting as a mutual fund ..... is required by the Securities and Exchange Commission to keep mutual fund portfolio securities separate from its other bank assets.

  • 5

    ..... paper, which has three Moody's Investor's Service ratings, P-1 through P-3, is the highest quality commercial paper.

  • 6

    In 1909, the 16th amendment to the US Constitution was sent out to all the state legislatures after having been passed by the US Congress; it was necessary for three-quarters of them to approve it in order for it to be ......

  • 7

    Bottom ..... Bill Dunmark and Jim Laxter, who invest in financially troubled companies through their $500 million Silver Fund, have been refinancing or closing deals to invest almost $300 million in various businesses wobbling under accumulated 1980s debt.

  • 8

    Capital ..... comes from long term liabilities and ordinary shareholders; it is the effective amount of money actually being used for business, irrespective of whether it comes from the owners, creditors or banks.

  • 9

    The most reliable source of economic analysis available is the Asian Image ..... forecast; this publication gives you the essence of research by leading economists from financial institutions such as J.P. Morgan, Goldman Sachs, Citigroup and Deutsche Bank.

  • 10

    The coupon rate does not change over time, but the coupon ..... changes and reflects the return the coupon represents based on current market prices for the bond.

Do you like our tests? Check out our shop!

We have ESL, TOEIC, TOEFL test compilations and much more!