Alec and Svetlana are a married couple in their late 40s with two children in university. Together they have the following accounts: Alec's group RRSP with MNO Insurance Co. holding index funds worth $623,000. Alec's TFSA at XYZ Brokerage holding cryptocurrency assets worth $47,000. Svetlana's RRSP at XYZ Brokerage holding mutual funds worth $529,000. Svetlana's TFSA at XYZ Brokerage holding mutual funds worth $267,000. Svetlana's non-registered investment account at XZY Brokerage holding stocks worth $1,217,000 which she inherited from her grandmother. A family RESP at XYZ Brokerage holding mutual funds worth $117,000. Alec is the subscriber. A joint chequing account at ABC Bank with $6,000 in cash. A joint savings account at ABC Bank with $11,000 in cash. What amount of combined CIPF coverage will Alec and Svetlana be eligible for if XYZ Brokerage fails today? Question 1 options: $1,913,000. $1,960,000. $2,130,000.

Alec and Svetlana are a married couple in their late 40s with two children in university. Together they have the following accounts: Alec's group RRSP with MNO Insurance Co. holding index funds worth $623,000. Alec's TFSA at XYZ Brokerage holding cryptocurrency assets worth $47,000. Svetlana's RRSP at XYZ Brokerage holding mutual funds worth $529,000. Svetlana's TFSA at XYZ Brokerage holding mutual funds worth $267,000. Svetlana's non-registered investment account at XZY Brokerage holding stocks worth $1,217,000 which she inherited from her grandmother. A family RESP at XYZ Brokerage holding mutual funds worth $117,000. Alec is the subscriber. A joint chequing account at ABC Bank with $6,000 in cash. A joint savings account at ABC Bank with $11,000 in cash. What amount of combined CIPF coverage will Alec and Svetlana be eligible for if XYZ Brokerage fails today? Question 1 options: $1,913,000. $1,960,000. $2,130,000.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter7: Deductions And Losses: Certain Business Expenses And Losses

Section: Chapter Questions

Problem 14DQ

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