A high-net-worth client of an Investment Dealer owns a primary residence valued at $2.5 million and has $800,000 in a brokerage account. How is the primary residence treated when evaluating the client under the $1 million "financial assets" test?

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Companion Policy 45-106CP section 3.5(1) states that the value of a purchaser's personal residence is excluded from the calculation of "financial assets."

A high-net-worth client of an Investment Dealer owns a primary residence valued at $2.5 million and has $800,000 in a brokerage account. How is the primary residence treated when evaluating the client under the $1 million "financial assets" test?

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