Types of Investment Accounts in CANADA: non-registered, TFSA, RRSP
About This Product
Types of Investment Accounts in Canada: Non-Registered, TFSA, RRSP
An essential tool for educators who want to impart vital financial literacy skills to their students. This resource is designed for students between grades 7 and 12 and covers necessary subjects like:
- Life Studies
- Special Resources.
Focusing on the three significant types of investment accounts in Canada - Non-Registered accounts, Tax-Free Savings Account (TFSA), and Registered Retirement Savings Plan (RRSP). Comprehension of these accounts will help equip learners with key life skills such as investments, tax saving strategies, planning ahead for housing or education expenses.
This material can be used in different teaching environments such as whole group studies or small group instructions as well as homework assignments. The content starts with a graphic organizer which students can use either individually or collaboratively for researching the benefits and drawbacks associated with each type of account. It is followed by six practical scenarios encouraging thoughtful problem-solving where they choose the best-suited account under given circumstances.
Included Components & Benefits:
- An answer key provided guarantees objectivity while grading student responses.
- Simplifying complex financial concepts into comprehendible chunks makes learning interactive and applicable to real-life situations.
- Tailors not only important math applications but also prepares them adequately for their future.
The resource contains a 5-page PDF including:
- A graphic organizer (Available both filled-in option for instructive reference & blank) -
- Questions related to each account type
- Stimulus-based problems set in detailed scenarios especially designed keeping student engagement in mind.
- A convenient Answer Key for error-free checking from teachers.
All in all, Types of Investment Accounts in Canada presents an inclusive approach that intersects several areas – presenting word problems dealing with practical finance issues fostering computational proficiency showing convincingly how math plays a crucial role under real-life contexts.
A 5 page PDF is included:
Graphic Organizer (filled in and empty)