VIP Exclusive
WMS Wealth Management Specialist VIP Practice Exam
WMS — The Wealth Management Specialist (WMS) designation is administered by the Canadian Securities Institute (CSI); the actual exam consists of approximately 100 multiple-choice questions completed in 3 hours, with a passing score of 60%, covering estate planning, taxation, retirement planning, investment management, insurance, and business succession for high-net-worth Canadian clients.
28
Questions
90m
Time Limit
60.00%
To Pass
Question 1 of 28👑 VIP
Margaret, age 68, holds a non-registered portfolio worth $1.4 million, primarily composed of highly appreciated blue-chip equities with an adjusted cost base of $320,000. She wants to transfer the portfolio to her adult son David while minimizing immediate tax consequences. Which strategy BEST achieves this objective?
Questions 2–28 and full explanations are VIP-exclusive.