Misc. Exam Traps

Question 1

What happens to CPP or OAS if the exam says ‘ignore inflation’?

Answer 1

Leave them as stated. Don’t index.

Question 2

How do you handle TFSA vs non-reg in growth calculations?

Answer 2

Use same PV, N, PMT — but adjust rate of return:

TFSA → full return.

Non-reg → after-tax return (gross return × (1 – MTR)).