CI Ops - Purchases

Purchase Training Overview

Money that will affect the client's contribution room

Contribution

Money from another institution, former employer or a pension transfer

In-Cash Transfer In

Purchases

Multiple Choice

What is used to track incoming registered transfers?

• RTT

• RRT

• Doc Tracking

• Transfer Search

Multiple Choice

A transfer form can be used to set up a temporary account provided we have all the necessary info on the form.

• True

• False

Multiple Choice

What is our default investment fund?

• F686

• F469

• F644

• F649

In-Cash Transfers In

How Money Was Held

We must know what type of account the money is coming from for coding purposes

ex. RSP to RSP = T2033

Match

Match the following

• LIRA to LIRA

• RIF to RSP

• Open to TFSA

• RSP to RIF

• Open to Open

T2033

T2030

Contribution

T2033

Open

• T2033

• T2030

• Contribution

• T2033

• Open

Divorce decree/separation agreement

or

Estate documents

Spousal to Individual

LOD acknowledging once the money is invested it will remain spousal unless it is due to marriage breakdown or estate

Individual to Spousal

In-Cash Transfers In

In-Cash Transfers In

Spousal to Spousal

Spousal contributor's information:

• Name

• DOB

• Last 3 digits of SIN

Does affect the client's contribution room

Coded as 'Contribution'

Ineligible

Does not affect the client's contribution room

Coded as '60J'

Eligible

In-Cash Transfers In

Multiple Choice

Which of the following can be both eligible or ineligible depending on whether tax was withheld at source?

• Accrued vacation pay

• Pension benefits

• Severance payment

• Unused sick leave

Contributions

Methods

​Wire Order

​PAC

​Transfer from non-reg to TFSA/RSP

​Money Order/Draft

Personal Chq/EFT​

Multiple Choice

A money order is issued for

• $1000 or less

• $1000 or more

• $1000

Multiple Choice

A bank draft is issued for

• $1000 or more

• $1000

• $1000 or less

Multiple Choice

Wire order payments settle via ___

• N$M

• A$M

• Net Transfer

• ICT

Multiple Choice

If we receive a request to purchase DSC/LL units, how do we proceed?

• Request for an exception

• Send the item to Resolutions

• Reject the item

• Purchase the FEL equivalent