CIFP RRC Exam case studies
CIFP RRC Exam · Put your knowledge to work in context.
The Registered Retirement Consultant (RRC®) designation - known in French as Conseillers en Retraite and Conseillères en Retraite (CR®) - is a Canadian credential specializing in retirement planning, administered by the CIFP Retirement Institute, the arm of CIFP responsible for designations that feature a specialization in retirement planning. CIFP lists the RRC alongside two related retirement-focused designations, the Registered Financial and Retirement Advisor (RFRA®) and the Registered Retirement Analyst (RRA®). This independent study page is not affiliated with CIFP and does not reproduce its materials; it is a practice resource for candidates preparing for the RRC exam. Because the credential is built around retirement specialization, the exam is generally structured around four areas: retirement planning, financial planning, taxation, and insurance and estate planning. The CIFP RRC Exam case studies are 5 cases and about 2,268 words.
1The Pension Split That Looks Generous on Paper
Marcus, 58, is retiring from a provincial utility with a defined benefit pension. He must choose between a lifetime-only pension of 62,000/year and a joint-and-survivor option at 60% to his spouse Diane, 55, of 54,500/year.
452 words, about 2 min2The Cottage, the Will, and the Probate Bill
Eleanor, 74, widowed, has three adult children. Her estate: principal residence 900,000 (joint tenancy with her son Peter, who lives there and pays no rent), cottage 650,000 (sole ownership), investment portfolio 800,000 in a non-registered account with a named beneficiary designation to her daughter Anna, RRIF 400,000 with no beneficiary, and $250,000 cash.
489 words, about 2 min3RRSP or TFSA for a Bonus Year
Priya, 41, is a salaried engineer in Ontario earning 145,000. She has 60,000 of unused RRSP room and 25,000 of TFSA room.
450 words, about 2 min4The Term Policy That Expires at the Worst Time
Dev and Anita, both 47, have two children aged 12 and 15. Dev earns 180,000; Anita earns 70,000.
443 words, about 2 min5Withholding, Instalments, and the Bonus That Triggers Interest
Samuel, 52, is a self-employed consultant in Alberta. His 2024 net tax owing was 38,000.
434 words, about 2 min