CSI FP2 exam dumps : Financial Planning II (FPII)

  • Exam Code: FP2
  • Exam Name: Financial Planning II (FPII)
  • Updated: Oct 10, 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 Practice10%- Financial plan development process
- Client engagement and data gathering
Investment and Tax Planning10%- Tax-efficient investing and income planning
- Investment portfolio construction
Financial Planning for Small Business15%- Succession planning and exit strategies
- Business structure and financial considerations
Family Law15%- Marriage, cohabitation, and separation agreements
- Support obligations and asset division
Savings Planning & Debt Management10%- Debt management and repayment plans
- Savings vehicles and strategies
Estate Planning10%- Wills, trusts, and powers of attorney
- Estate taxation and wealth transfer
Retirement Planning20%- Government and private retirement programs
- Retirement savings and withdrawal strategies
- Retirement income needs analysis

CSI Financial Planning II (FPII) Sample Questions:

Question #1

The Spousal Support Advisory Guidelines are not intended to apply under which circumstance?

  • A. For annual incomes less than $50,000.
  • B. For married couples.
  • C. For annual incomes greater than $350,000.
  • D. For unmarried couples.
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Correct Answer: C  🗳️

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Question #2

What is the most common going-concern valuation method used to determine the value of a business?

  • A. Capitalization of earnings.
  • B. Adjusted book value.
  • C. Discounted cash flow.
  • D. Liquidation value.
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Correct Answer: A  🗳️

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Question #3

What is the primary difference between a Life Income Fund (LIF) and a Registered Retirement Income Fund (RRIF)?

  • A. Plan holders of either type must make minimum withdrawals each year, but there is also a maximum annual amount LIF holders may withdraw.
  • B. All plan holders must purchase a life annuity in the year they reach 80 with the balance of funds remaining in the LIF.
  • C. RRIFs may be purchased with a registered retirement savings plan, another RRIF or pension funds that are not locked-in, but a LIF can only be purchased with funds from a retirement compensation arrangement.
  • D. Minimum LIF payments are fully taxable as income for the year in which they are received but minimum RRIF payments are not taxable.
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Correct Answer: A  🗳️

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Question #4

From the perspective of self-employment, how are personal benefits treated for the purposes of calculating child support?

  • A. Deducted from income as is.
  • B. Added to income as is.
  • C. Deducted from income and grossed up.
  • D. Added to income and grossed up.
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Correct Answer: D  🗳️

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Question #5

A Canadian resident, age 57, is self-employed and earns $74,000 in yearly income. The year's basic exemption and maximum pensionable earnings are $3,500 and $61,600, respectively. Assuming a contributory rate of 5.45%, how much will the resident pay in Canada Pension Plan premiums (rounded to the nearest dollar)?

  • A. $6,333.
  • B. $3,357.
  • C. $6,714.
  • D. $3,166.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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