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Q41 Single choice

Reginald is a Dealing Representative, who feels pressure from management at the beginning of every calendar year, to open new registered retirement savings plans (RRSPs) and generate RRSP contributions. It is the end of February, and Reginald is close to reaching his personal sales objectives. He just finished an appointment with a prospective new client, Orel. Orel wants to open a tax-free savings account (TFSA) to build emergency savings. However, Reginald recommended to Orel that he should first contribute to an RRSP, and then use the tax savings for a TFSA contribution.
With regards to account suitability, what can be said about Reginald's advice?

A
Reginald is putting the client's interest first by informing Orel why he should change his investment strategy.
B
Based on Orel's stated need, recommending an RRSP contribution is unsuitable.
C
Recommending an investment solution that addresses two needs, is putting Reginald's client's interest first.
D
By convincing Orel to contribute to an RRSP, instead of a TFSA, Reginald has put his client's interest first.

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