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NEW QUESTION # 74
Maalik opens an account for a new client, John. During the new account process, Maalik determines that he will need to confirm John's identity. Which of the following statements about Maalik's identification requirements is CORRECT?
- A. If John attempts to make a suspicious deposit, Maalik is required to report the attempt to his dealer. The dealer must keep records of attempted suspicious transactions that are not reported to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
- B. If Maalik determines that there is anything suspicious about John's transaction, he is required to report the matter to his dealer. The dealer must report the matter to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
- C. If John wants to make a large cash deposit of $10,000 or more, Maalik is required to collect personal information about John and report it to his dealer. The dealer must report the information to the Canada Revenue Agency (CRA).
- D. If Maalik learns that John is the president of a state-owned company, Maalik is required to report John as a Politically Exposed Foreign Person (PEFP) to his dealer. If John is not a US person, the dealer must report the account to the Internal Revenue Service (IRS).
Answer: B
NEW QUESTION # 75
Bernadette has a high-paying job and is in the top tax bracket. She recently received a payment of $5 million upon the settlement of her uncle's estate. Bernadette would like to invest her inheritance in financial products that would not only grow her money but is also income tax friendly.
Which of the following would provide the most favourable tax treatment?
- A. Dividends received from a large foreign corporation.
- B. Eligible dividends from a publicly-listed Canadian corporation
- C. Capital gains from a large Canadian corporation.
- D. Coupon payments from Government of Canada bonds.
Answer: B
NEW QUESTION # 76
Natasha currently owns 2 mutual funds: a bond fund and a Canadian equity fund. She would like to use one of them as her registered retirement savings plan (RRSP) contribution for the year. From a tax efficiency perspective, which mutual fund should she contribute?
- A. the equity fund
- B. it depends on her marginal tax rate
- C. either since it makes no difference
- D. the bond fund
Answer: D
Explanation:
Explanation
The bond fund should be contributed to Natasha's RRSP from a tax efficiency perspective, because interest income from bonds is fully taxable at her marginal tax rate outside of an RRSP. By contributing the bond fund to her RRSP, Natasha can defer paying tax on the interest income until she withdraws it from her RRSP in retirement, when she may be in a lower tax bracket. The equity fund should be kept outside of her RRSP, because dividends and capital gains from equities receive preferential tax treatment compared to interest income. Dividends qualify for the dividend tax credit and capital gains are only 50% taxable. Furthermore, equities tend to have higher returns than bonds over the long term, which means that Natasha would have more after-tax income by keeping them outside of her RRSP. References: Registered Retirement Savings Plan (RRSP), Does it pay to invest in an RRSP? Here's the math
NEW QUESTION # 77
Kerry's total income this past year was $100,000 and she claimed a tax deduction of $2,000. When the tax return is filed, what would be the federal tax payable when applying the following federal tax rates?
(Round to the closest whole dollar for the final answer.)
- A. $25,480
- B. $24,000
- C. $17,472
- D. $18,754
Answer: D
Explanation:
Explanation
Kerry's taxable income would be $98,000 ($100,000 - $2,000). Using the federal tax rates provided in the image, the first $48,535 of her income would be taxed at 15%, the next $48,534 at 20.5%, and the remaining
$931 at 26%. This would result in a total federal tax payable of $18,754. You can see the calculation in detail below:
Taxable Income
Marginal Tax Rate
Federal Tax Payable
$0 - $48,535
15%
$7,280.25
$48,536 - $97,069
20.5%
$9,934.47
$97,070 - $98,000
26%
$539.80
Total
$18,754.52
Note: The final answer is rounded to the closest whole dollar.
References: Canadian Investment Funds Course, Unit 8, Section 8.2; [4]
NEW QUESTION # 78
Frederic recently sold his units in a US dollar (USD) denominated mutual fund. He wants to convert the proceeds back to Canadian dollars (CAD). If he received proceeds of $1,200 USD from the sale and the exchange rate is $1 CAD for $0.99 USD, how much will Frederic receive in Canadian dollars?
- A. $1,320.00
- B. $1,200.00
- C. $1, 12.12
- D. $1-188.00
Answer: C
NEW QUESTION # 79
Tony, the investment manager of True North Canadian Equity Fund is deciding on some new investments. He has done an economic analysis of the various provinces and sectors of the Canadian economy and has determined that Nova Scotia and Alberta present the best prospects. He has also identified potential in the oil and gas sector. He narrows down his selection to an oil supply firm in Medicine Hat and a drilling company in Halifax.
What investment approach is Tony employing?
- A. bottom-up
- B. value investing
- C. top-down
- D. growth at a reasonable price (GARP)
Answer: C
Explanation:
Explanation
Tony is employing a top-down investment approach, which is a method of selecting securities based on macroeconomic factors, such as the state of the economy, the industry trends, and the market conditions. A top-down investor starts by analyzing the big picture and then drills down to the specific sectors, regions, and companies that are expected to perform well in that environment. Tony has done an economic analysis of the various provinces and sectors of the Canadian economy and has determined that Nova Scotia and Alberta present the best prospects. He has also identified potential in the oil and gas sector. He then narrows down his selection to an oil supply firm in Medicine Hat and a drilling company in Halifax. This shows that he is using a top-down approach to choose his investments.
References: Canadian Investment Funds Course, Chapter 3: Risk and Return1
NEW QUESTION # 80
What type of mutual fund can invest in specified derivatives and forward contracts for grains, meats, metals, energy products, and coffee?
- A. labour-sponsored investment fund
- B. global equity fund
- C. commodity pool
- D. specialty fund
Answer: C
NEW QUESTION # 81
Your clients, Jessica and Ken, want to buy a house next year. You recommend a money market fund. How do you think a money market fund will help Jessica and Ken reach their goal?
- A. Money market funds provide high returns without risking the capital invested.
- B. Money market funds pay income weekly which can be automatically reinvested.
- C. Money market funds are safe investments because their net asset value per unit does not usually fluctuate.
- D. Money market funds provide investors a guaranteed fixed rate of return.
Answer: C
NEW QUESTION # 82
When comparing mutual funds, what information would help a Dealing Representative determine a suitable mutual fund for a client?
- A. Comparing historical rates of return between different types of mutual funds.
- B. The rights a client has if there is a desire to cancel the purchased mutual fund.
- C. Referencing the fund code for each mutual fund that is being compared.
- D. Assessing historical differences in the rate of return per unit of risk of similar mutual funds.
Answer: D
NEW QUESTION # 83
Catarina is a Dealing Representative for Ethical Financial which represents 20 different mutual fund families.
Darlene is a fund manager from one of those mutual fund families and wants to send a gift card to Catarina as a symbol of appreciation. Ethical Financial's policies and procedures manual (PPM) require that Catarina decline the gift.
What method of addressing conflict of interest is being used by Ethical Financial?
- A. Avoidance
- B. Control
- C. Potential
- D. Disclosure
Answer: A
Explanation:
Explanation
Avoidance is a method of addressing conflict of interest by preventing it from occurring in the first place.
Ethical Financial's policies and procedures manual (PPM) require that Catarina decline the gift from Darlene, which is a potential source of conflict of interest. By doing so, Catarina avoids any appearance of favouritism or bias towards Darlene's mutual fund family. (Canadian Investment Funds Course, Chapter 2, Section 2.3) References:
Canadian Investment Funds Course, Chapter 2, Section 2.3: Conflicts of Interest IFSE Institute: Conflicts of Interest1
NEW QUESTION # 84
Sujay contributes 3% of his $60,000 salary to his employer's defined contribution pension plan. His employer contributes the same amount to the plan. How will this affect his registered retirement savings plan (RRSP) contribution room for the year?
- A. It will reduce Suiay's contribution room by 51,800.
- B. It will reduce Suiay's contribution room by $1800
- C. It will have no effect. RRSP contribution room is based on earned income only.
- D. It will reduce Suiay's contribution room by $3,600.
Answer: D
Explanation:
Explanation
D is correct because Sujay's registered retirement savings plan (RRSP) contribution room for the year will be reduced by $3,600. This is because his employer's defined contribution pension plan is considered a registered pension plan (RPP), which affects his RRSP contribution room through a pension adjustment (PA). The PA is calculated as 18% of his earned income in the previous year minus his RPP contributions in the current year.
In this case, Sujay's PA for the current year is $3,600, which is 18% of his $60,000 salary minus his 3% contribution ($1,800) and his employer's 3% contribution ($1,800). The PA reduces his RRSP contribution room for the next year by the same amount. It will have an effect on his RRSP contribution room (A), as it is not based on earned income only, but also on RPP contributions. It will not reduce his contribution room by
$51,800 (B), as this is more than his earned income. It will not reduce his contribution room by $10,800, as this is 18% of his earned income without subtracting his RPP contributions. References: Canadian Investment Funds Course (CIFC) | IFSE Institute
NEW QUESTION # 85
Which of the following CORRECTLY describes a material conflict of interest that has been properly addressed by the Dealing Representative?
- A. Keaira recommends a growth fund to her client, Shilo, but her Compliance Department questions the trade because Shilo's risk profile is too low. Rather than cancel the trade and absorb the market losses herself, Keaira recommends that Shilo keep the investment even though it is not in her best interest.
Keaira updates Shilo's KYC to "high" risk and gets Shilo to sign the KYC update form. - B. Gibson reviews two similar mutual funds for his client. One fund pays higher trailer fees than the other.
Gibson discloses the difference between the trailer fees before recommending the fund that has higher trailer fees. - C. Oscar wants to recommend a fund to his client which has a higher management expense ratio (MER) than other mutual funds. Since the MER could impact the client's decision, Oscar reports the conflict of interest to his dealer and discloses the conflict of interest to his client. Oscar explains how the higher MER is in the client's best interest because the overall cost for the client will still be less than a fee-for-service account holding mutual funds with a lower MER.
- D. Cametra asks to meet with her client, Pietro, to update his Know Your Client (KYC) information. They have not had a face-to-face meeting in years. Pietro feels updating the KYC information is unnecessary.
He tells Cametra he is too busy and there is no reason for her to be concerned with the information she already has. Even though they fail to meet, Cametra continues to submit purchase orders at his request.
Answer: C
Explanation:
Explanation
A material conflict of interest is a situation where a Dealing Representative or their firm has an interest that could reasonably be expected to affect the exercise of their professional judgment or influence their actions or recommendations. A Dealing Representative must identify, disclose, and manage any material conflicts of interest in the best interest of their clients. Oscar has properly addressed the material conflict of interest arising from the higher MER by reporting it to his dealer, disclosing it to his client, and explaining how it is in the client's best interest. The other scenarios do not demonstrate proper management of material conflicts of interest.
References: Canadian Investment Funds Course, Chapter 8: Suitability and Know Your Client1
NEW QUESTION # 86
With respect to the tax treatment of dividends received from a taxable Canadian corporation, which of the following statements is CORRECT?
- A. Dividends are taxed the same way interest income is taxed.
- B. Dividends from non-resident corporations receive preferential tax treatment.
- C. Dividends from both preferred and common shares of Canadian corporations receive preferential tax treatment.
- D. Only 50% of dividend income is subject to tax.
Answer: C
Explanation:
Explanation
Dividends from both preferred and common shares of Canadian corporations receive preferential tax treatment because they are eligible for the dividend tax credit. This credit reduces the amount of tax payable on dividend income by accounting for the tax that the corporation has already paid on its earnings. Dividends from non-resident corporations do not qualify for this credit and are taxed at the same rate as interest income. Only
50% of capital gains, not dividend income, are subject to tax. References: The Dividend Tax Rate in Canada:
What You Need to Know Now - Hardbacon, How are Dividends Taxed in Canada? Exploring the Canadian Dividend Tax Credit
NEW QUESTION # 87
Throughout the year, the Redwood Global Equity Fund generated the following outcomes:
. $1.00 per unit of interest income from Canadian treasury bills
. $2.50 per unit of dividend income from foreign corporations
. $7.75 per unit of capital gains from the sale of Canadian corporations
. $6.50 per unit of capital gains from the sale of foreign corporations
. $2.00 per unit of capital losses from the sale of foreign corporations Given that the Redwood Global Equity Fund is structured as a mutual fund trust, which of the following statements is true?
- A. Redwood can flow the foreign dividends to unitholders, who can then take advantage of the dividend gross-up and tax credit mechanism.
- B. Redwood can distribute the $2.00 per unit of capital losses to unitholders, who can then use them to offset their capital gains.
- C. Unitholders will receive $12.25 per unit of net capital gains from Redwood, of which only 50% is subject to tax.
- D. Since Redwood pays the tax on foreign income, it does not distribute dividend or capital gains income from foreign sources to unitholders.
Answer: C
Explanation:
Explanation
This statement is true because a mutual fund trust can distribute its net income and net realized capital gains to its unitholders, and avoid paying tax at the fund level. The unitholders then report their share of the fund's income and capital gains on their tax returns, and pay tax according to their marginal tax rates. In this case, Redwood has generated $14.25 per unit of capital gains from the sale of Canadian and foreign corporations, and $2.00 per unit of capital losses from the sale of foreign corporations. Therefore, its net capital gains are
$12.25 per unit ($14.25 - $2.00), which it can distribute to its unitholders. The unitholders will only include
50% of the net capital gains in their taxable income, as per the inclusion rate for capital gains in Canada1. The other 50% is tax-free.
The other statements are false because:
* A. Redwood cannot flow the foreign dividends to unitholders, who can then take advantage of the dividend gross-up and tax credit mechanism. This mechanism only applies to dividends received from Canadian corporations that are eligible for the enhanced dividend tax credit or the ordinary dividend tax credit2. Foreign dividends are treated as foreign income, and are subject to withholding tax by the source country and income tax by Canada3.
* C. Redwood cannot distribute the $2.00 per unit of capital losses to unitholders, who can then use them to offset their capital gains. A mutual fund trust can only distribute its net income and net realized capital gains, not its capital losses4. However, a mutual fund trust can carry forward its capital losses indefinitely and use them to reduce its taxable capital gains in future years5.
* D. Redwood does not pay the tax on foreign income, and it does distribute dividend or capital gains income from foreign sources to unitholders. A mutual fund trust pays tax on its foreign income only if it does not distribute it to its unitholders in the same year it is earned. However, most mutual fund trusts distribute all or most of their foreign income to their unitholders, as they want to avoid paying tax at the fund level and maintain their status as a mutual fund trust.
References:
* Canadian Investment Funds Course (CIFC) Study Guide, Chapter 7: Taxation, Section 7.3: Taxation of Mutual Funds, page 7-10
* Canadian Investment Funds Course (CIFC) Study Guide, Chapter 7: Taxation, Section 7.2: Taxation of Investment Income, page 7-4
* Foreign Income - Canada.ca
* Mutual Fund Trusts - Canada.ca
* Capital Losses and Deductions - Canada.ca
* Taxation of Foreign Income - IFSE Institute
* Mutual Fund Trusts - IFSE Institute
NEW QUESTION # 88
Which among the following BEST describes a company's retained earnings statement?
- A. the amount of money contributed to the company by its shareholders or owners
- B. a company's financial position at a specific point in time
- C. the amount of profit that is reinvested in the company
- D. the earnings and expenses of a business over a period of time
Answer: C
Explanation:
Explanation
A company's retained earnings statement is a financial statement that shows how the company's net income is distributed between dividends paid to shareholders and retained earnings, which are the amount of profit that is reinvested in the company. Retained earnings are part of the company's equity, and they reflect the accumulated earnings that the company has generated over its history, minus any dividends or distributions.
Retained earnings can be used by the company for various purposes, such as expanding its operations, developing new products, paying off debt, or buying back shares1 References = Canadian Investment Funds Course, Unit 5: Types of Investments, Lesson 3: Equity Securities, Section 5.3.4: Financial Statements
NEW QUESTION # 89
Jasmine purchases a 1-year, $10,000 face value strip bond for $9,600. At maturity, when Jasmine receives
$10,000, which of the following statements is CORRECT?
- A. Jasmine realizes a capital dividend of S400.
- B. Jasmine realizes a taxable capital gain of $400.
- C. Jasmine realizes a taxable dividend of $400.
- D. Jasmine realizes interest income of $400.
Answer: D
NEW QUESTION # 90
Which of the following statements about pension adjustments (PA) is TRUE?
- A. You will receive a PA whether you are in a defined contribution or a defined benefit pension plan.
- B. They represent how much your pension is reduced due to market conditions.
- C. They represent how much your pension will increase due to years of service.
- D. They increase your registered retirement savings plan (RRSP) room by the amount of the pension adjustment.
Answer: A
Explanation:
Explanation
A pension adjustment (PA) is the amount that the Canada Revenue Agency (CRA) assigns to your pension plan each year to reflect the value of the pension benefits that you earned. The PA reduces your registered retirement savings plan (RRSP) contribution room for the following year by the same amount. The PA ensures that all taxpayers have access to comparable tax assistance, regardless of the type of pension plan they participate in. You will receive a PA whether you are in a defined contribution or a defined benefit pension plan, but the calculation of the PA will differ depending on the type of plan. (Canadian Investment Funds Course, Chapter 8, Section 8.2) References:
* Canadian Investment Funds Course, Chapter 8, Section 8.2: Retirement Savings Plans and Pension Plans
* Investopedia: Pension Adjustment: Definition and Types of Plans1
* PlanEasy: What Is A Pension Adjustment?2
NEW QUESTION # 91
Which investor's needs would be BEST met with an income trust?
- A. Tina wants a product that guarantees the return of at least 75% of her capital upon maturity of the contract or upon her death.
- B. Gary wants to invest in a product which provides a consistent cash flow of interest, royalties, and lease payments passed along to unitholders.
- C. Leanne wants a product that employs alternative strategies such as leverage and short selling to amplify returns.
- D. Phil wants to invest in a product where the performance is linked to that of an underlying asset and the issuer is obligated to repay his principal at maturity.
Answer: B
Explanation:
Explanation
An income trust is an investment trust that holds income-producing assets, such as debt instruments, royalty interests, or real properties. It can be structured as either a personal investment fund or a commercial trust with publicly traded closed-end fund shares. The main attraction of income trusts, in addition to certain tax preferences for some investors, is their stated goal of paying out consistent cash flows for investors, which is especially attractive when cash yields on bonds are low12 References = Canadian Investment Funds Course (CIFC) - Module 2: Investment Products - Section 2.3:
Income Trusts3 and web search results from search_web(query="income trust")12
3: https://www.ifse.ca/wp-content/uploads/2021/08/CIFC-Module-2.pdf
NEW QUESTION # 92
Janine will celebrate her 71st birthday this year. She currently has a lot of money in a personal registered retirement savings plan (RRSP) and knows there are rules about what she can do with those funds. Which of the following is TRUE?
- A. She can take the entire amount in cash, with no tax consequences because her RRSP funds were tax-sheltered.
- B. She can convert her RRSP to a registered retirement income fund (RRIF) this year or by December 31st of next year.
- C. She can convert her RRSP to a locked-in retirement income fund (LRIF).
- D. She can purchase a registered term or life annuity.
Answer: D
NEW QUESTION # 93
Your client, James, would like to work beyond the normal retirement age. He comes to you for advice on his registered retirement savings plan (RRSP). What are the rules regarding terminating an RRSP?
- A. James must terminate the plan by the end of the year he turns 70.
- B. James must terminate the plan by the end of the year he turns 67.
- C. James must terminate the plan by the end of the year he turns 71.
- D. James must terminate the plan by the end of the year he turns 65.
Answer: C
Explanation:
According to the Canadian Investment Funds Course, an RRSP is a retirement savings plan that allows individuals to defer taxes on their contributions and investment income until they withdraw the funds.
However, an RRSP cannot be held indefinitely and must be terminated by the end of the year the annuitant turns 71. At that point, the annuitant has three options to withdraw the funds from the RRSP:
Make a lump-sum withdrawal, which is subject to withholding tax and income tax.
Convert the RRSP to a registered retirement income fund (RRIF), which provides a steady stream of income with a minimum amount that must be withdrawn each year.
Purchase an annuity, which offers a guaranteed income for life or for a specified period.
References: 1: Canadian Investment Funds Course - IFSE Institute 2 (Unit 9: Retirement)
NEW QUESTION # 94
The Mutual Fund Dealers Association of Canada (MFDA) has strict rules concerning conflicts of interest.
Which of the following is TRUE?
- A. Only actual conflicts must be reported to your employer. Potential conflicts need not be reported because they have not happened yet.
- B. Gifts and benefits may be provided to a client if your employer is aware of the benefits and has given approval.
- C. Borrowing money from a client will always be acceptable provided there is a written contract detailing the nature of the agreement.
- D. Activities that do not relate specifically to your employer need not be reported.
Answer: B
Explanation:
Explanation
Gifts and benefits may be provided to a client if your employer is aware of the benefits and has given approval. This is one of the rules concerning conflicts of interest set by the MFDA. A conflict of interest is a situation where a person's personal interests conflict with their professional obligations or duties. Gifts and benefits may create a conflict of interest if they influence or appear to influence the person's judgment or actions. Therefore, the MFDA requires that any gifts and benefits given or received by a mutual fund dealer or its representatives must be disclosed to and approved by the dealer, and must not compromise or appear to compromise the dealer's or representative's integrity or objectivity. References: MFDA Bulletin #0756-P - Conflicts of Interest
NEW QUESTION # 95
Which among the following BEST describes a company's income statement?
- A. It shows the earnings and expenses of a business over a period of time.
- B. It provides a snapshot of a company's financial position at a specific point in time
- C. It shows the amount of profit that is reinvested in the company in the form of retained earnings.
- D. It shows the amount of capital contributed to the company by its shareholders or owners.
Answer: A
NEW QUESTION # 96
Bernadette has a high-paying job and is in the top tax bracket. She recently received a payment of $5 million upon the settlement of her uncle's estate. Bernadette would like to invest her inheritance in financial products that would not only grow her money but is also income tax friendly.
Which of the following would provide the most favourable tax treatment?
- A. Dividends received from a large foreign corporation.
- B. Capital gains from stock investments.
- C. Coupon payments from Government of Canada bonds.
- D. Dividends from a large public Canadian corporation.
Answer: D
Explanation:
Explanation
Dividends from a large public Canadian corporation are eligible for the dividend tax credit, which reduces the amount of tax payable on this type of income. The dividend tax credit is a non-refundable tax credit that recognizes that dividends are paid out of income that has already been taxed at the corporate level, and therefore should not be taxed again at the personal level. The dividend tax credit applies to both federal and provincial taxes, and the rates vary depending on the province or territory of residence12 References = Canadian Investment Funds Course (CIFC) - Module 4: Taxation - Section 4.1: Taxation of Investment Income3 and web search results from search_web(query="tax treatment of different types of investment income in Canada")12
3: https://www.ifse.ca/wp-content/uploads/2021/08/CIFC-Module-4.pdf
NEW QUESTION # 97
The Mutual Fund Dealers Association of Canada (MFDA) has strict rules concerning conflicts of interest.
Which of the following is TRUE?
- A. Only actual conflicts must be reported to your employer. Potential conflicts need not be reported because they have not happened yet.
- B. Gifts and benefits may be provided to a client if your employer is aware of the benefits and has given approval.
- C. Borrowing money from a client will always be acceptable provided there is a written contract detailing the nature of the agreement.
- D. Activities that do not relate specifically to your employer need not be reported.
Answer: B
NEW QUESTION # 98
Your clients, Jessica and Ken, want to buy a house next year. You recommend a money market fund. How do you think a money market fund will help Jessica and Ken reach their goal?
- A. Money market funds provide high returns without risking the capital invested.
- B. Money market funds pay income weekly which can be automatically reinvested.
- C. Money market funds are safe investments because their net asset value per unit does not usually fluctuate.
- D. Money market funds provide investors a guaranteed fixed rate of return.
Answer: C
Explanation:
Explanation
Money market funds are safe investments because their net asset value per unit does not usually fluctuate. Money market funds invest in highly liquid instruments like high-interest savings accounts, term deposits, short-term debt securities, cash equivalents, and other low-risk, short-term investments3. These funds aim to preserve capital and provide liquidity while generating some income3. Money market funds typically have a stable net asset value per unit (NAVPU) that does not change much over time3. The other statements are false. Money market funds do not provide high returns without risking the capital invested. Money market funds offer low returns that may not keep up with inflation or meet long-term investment goals3. Money market funds also have some risks, such as credit risk, interest rate risk, and liquidity risk3. Money market funds do not pay income weekly which can be automatically reinvested. Money market funds may pay income monthly, quarterly, semi-annually, or annually, depending on the fund's distribution policy3. Investors can choose to receive cash distributions or reinvest them in more units of the fund3. Money market funds do not provide investors a guaranteed fixed rate of return. Money market funds do not guarantee any return or principal amount3. The return of money market funds depends on the interest rates and yields of the underlying investments, which may vary over time3. References: 7 Best Money Market ETFs in Canada 2023:
Cash And HISA ETFs, Best Money Market Funds in Canada | WOWA.ca, 3 Best Canadian Money Market Funds (2023) - PiggyBank
NEW QUESTION # 99
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