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The toughest Life practice: applied questions on needs analysis, policy and segregated fund taxation, beneficiary and disclosure scenarios and multi-step calculations, each with a full worked explanation. 67 hard questions in the bank.
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If Felipe dies, his family needs $60,000 a year after tax; his wife will net $42,000. Assume she receives a CPP survivor's pension of $700 a month and that each of their two children, aged 9 and 12, receives the CPP children's benefit at the 2026 flat rate of $307.81 a month. What is the family's annual shortfall in the first year?
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