Types of Investment Accounts in CANADA: Non-Registered, TFSA, RRSP

Types of Investment Accounts in Canada: Non-Registered, TFSA, RRSP

This financial literacy lesson teaches students in grades 8-12 about the different types of investment accounts in Canada. Each account has its own benefits and drawbacks, and if students understand these aspects, they will be able to make smart financial decisions in the future. Comprehension of these accounts will help equip learners with key knowledge about investments, tax saving strategies, and planning ahead for retirement.

How to Use:

1. This material can be used in different teaching environments including a whole class setting, small groups or pairs, or as individual seat work.

2. The content starts with a graphic organizer with a completed version or a blank version. You can read through it with your class, have them takes notes as you project the completed version on an interactive whiteboard, or have them complete research to find the information themselves.

3. This is followed by six practical scenarios encouraging thoughtful problem-solving; students must choose the best-suited account under given circumstances. They can refer back to their graphic organizer for this task.

4. An answer key is also included for easy marking.

What's Included:

A 5 page PDF is included:

Title Page

Graphic Organizer (filled in and empty)

Questions

Answer Key

Grades to Use With:

This lesson is designed for high school students in finance, life skills, career and personal planning, or home economics classes in grades 8-12.

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