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RSP Deadlines 2023

Total questions: 10

Worksheet time: 50mins

Name
Class
Date
1.

What is the deadline for 1st 60-Day contributions?

a)

March 1, 2023 at 11:59 PM EST

b)

March 1, 2023 at 3:59 PM EST

c)

March 2, 2023 at 12:00 AM EST

d)

March 3, 2023 at 3:59 PM EST

2.

Match the purchase date to the correct 1st 60-Day contribution receipt mailing deadline

February 17, 2023

Purchases made from January 3 to January 27, 2023

Daily

Purchases made from January 30 to February 10, 2023

February 10, 2023

Purchases made from February 13 to March 1, 2023

3.

For clients who do not receive mailed year-end statements, when will their 2022 Remainder of Year contribution receipts be mailed?

a)

It will be mailed by February 24, 2023

b)

It will be mailed by February 16, 2023

c)

It will be mailed by March 1, 2023

d)

It will be mailed by January 3, 2023

e)

They will not be mailed tax receipts if they haven't opted in for mailed statements

4.

What would be required to place a wire order purchase on March 2nd in order to issue a 1st 60-Day contribution receipt?

a)

This is not possible because the March 1st deadline has passed

b)

The wire order must be coded "P" on FundSERV

c)

Proof of Intent (POI) needs to be submitted

d)

POI and wire order must be coded "P" on FundSERV

5.

An advisor calls in because he missed the 1st 60-Day contribution deadline. He wants to know if it is still possible to receive a 1st 60-Day contribution receipt if he submits a manual cheque by noon on March 3, 2023. What should the FSR tell him? (Select all that apply)

a)

He will need to submit POI with instructions to code as a 1st 60-day contribution

b)

The trade will be completed at current

c)

He will need to submit an LOI if the trade date needs to be changed

d)

All requests are considered on a case-by-case basis

e)

This is not possible because the March 1st deadline has passed

6.

In which of the following scenarios would a 1st 60-Day contribution receipt be issued for a one-time PAC? (Select all that apply)

a)

A 1x PAC with the run date February 1, 2023

b)

A 1x PAC request received March 2nd at 4:00 PM EST with POI

c)

A 1x PAC request received March 3rd at 4:00 PM with POI

d)

A 1x PAC request received March 1st at 5:00 PM EST with LOI

7.

An advisor wants to know when her clients can expect to receive their RSP contribution receipts for the 2022-2023 tax season. She asks how she can access a copy of our mailing schedule. How might the FSR respond to her inquiry? (Select all that apply)

a)

Inform her a Tax Documents Mailing Schedule is available on the CI website (ci.com)

b)

Send her the External RRSP & Tax Season Guide

c)

Inform her the mailing schedule is only available internally and provide the deadlines to her over the phone

8.

True or False? For clients who receive statements and tax receipts by mail, we expect most will be mailed their Remainder of Year 2022 contribution receipts (with their Year-End Statement) by February 16, 2023.

a)

True - Remainder of Year contribution receipts are included with the Year-End Statement

b)

False - Remainder of Year 2022 receipts will be mailed by February 24, 2023

c)

False - Remainder of Year 2022 receipts are sent separate from the Year-End Statement

9.

A 1st 60-Day contribution receipt is only issued when a PAC run date falls between ​ ​ ​ (a)   and ​ (b)   (inclusive).

Choose from the below words
January 3, 2023
March 1, 2023
January 1, 2023
January 2, 2023
March 2, 2023
March 3, 2023
10.

What tax receipt will be issued for a wire order purchase on or after March 3rd at 4:00 PM EST?

a)

Remainder of the Year contribution receipt

b)

1st 60-Day contribution receipt if coded "P" on Fundserv

c)

1st 60-Day contribution receipt if POI is submitted

d)

1st 60-Day contribution receipt is LOI is submitted