IFIC Mutual Funds Licensing Practice Exam · Question
Switching between funds in same family may trigger:
Outside registered accounts. The correct answer is "Capital gain disposition". This reflects the accepted standard for the ific assessment and aligns with the o
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Question: Switching between funds in same family may trigger:
Answer options: ✅ Capital gain disposition
- No tax always
- Loss only
- Dividend
Correct answer: Capital gain disposition
Explanation: Outside registered accounts. The correct answer is "Capital gain disposition". This reflects the accepted standard for the ific assessment and aligns with the official handbook for this competency.
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