IFIC Mutual Funds Licensing Practice Exam · Question
Scenario 55: 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: Scenario 55: 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. The correct answer is "Capital gain disposition". This capacity-fill scenario 55 reinforces the same competency for the ific bank and follows the certified explanation standard.
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