Book Value review
Book Value Mastery Quiz
Test your knowledge about book value and adjusted cost bases in financial accounts with our engaging quiz! This quiz is designed for finance enthusiasts looking to deepen their understanding.
- 11 Thought-Provoking Questions
- Multiple Choice, Checkboxes, and Text Responses
- Ideal for professionals and students alike
What type of accounts is it necessary to report book value correctly for CRA?
RRSP/RRIF
Non Registered
TFSA
None of the above
Should all accounts have correct book value regardless of account type?
True
False
How do we verify Book value on Third party? In other words, if an external transfer-in occurs, how do we know the book value is correct? What are some ways we can verify?
Statement from relinquishing institution showing book value prior to transfer. (It should be recent)
Verification from Client directly in form of letter (IGSI)
Verification from Client and/or Consultant (Nominee/IIROC)
All of the Above
I'm not sure
What type of tax receipt are dependent on correct book value reporting?
T4
Contribution receipt
T5008
T4A
60L/60J/60LV
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