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Question 34 - CIPP-C discussion

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A new client is opening a Registered Retirement Savings Plan. Their investment advisor asks for their social insurance number (SIN). The advisor must tell the client that because they are opening a tax reporting product, their SIN is mandatory for tax reporting purposes and?

A.

Optional for identity verification purposes.

Answers
A.

Optional for identity verification purposes.

B.

Mandatory for identity verification purposes.

Answers
B.

Mandatory for identity verification purposes.

C.

Optional for secondary marketing purposes.

Answers
C.

Optional for secondary marketing purposes.

D.

Mandatory for secondary marketing purposes.

Answers
D.

Mandatory for secondary marketing purposes.

Suggested answer: A
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asked 22/11/2024
Tomasz Kusmierek
27 questions
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