Types of Investment Accounts in Canada: RRSP, TFSA, FHSA, RESP, Cash

The Types of Investment Accounts in Canada: RRSP, TFSA, FHSA, RESP, Cash Resource

This comprehensive teaching kit is designed to acquaint high school students with crucial knowledge about Canadian investment accounts. Suitable for subjects such as Math, Life Studies, Business and Home Economics; Ideal for grades 8-12.

Subjects Covered

• Tax advantage associated with each account type
• Updates on First Home Savings Account introduced in 2023
• Introduction to notions such as income tax and capital gains tax etc.

The kit covers the following types of investment methods:

1. Tax-Free Savings Account (TFSA)
2. Registered Retirement Savings Plan (RRSP)
3. First Home Savings Account (FHSA)>
4. Registered Education Savings Plan (RESP) >
5. Cash or Non-Registered accounts >

Pedagogical Resources Included

The resource comes fully equipped with:

\ResourceKit Includes: - Structured graphic organizers - Blank copy & Reviewed version - Vocabulary Matching exercise - Comprehension Questions Summary

The Types of Investment Accounts in Canada: RRSP, TFSA, FHSA, RESP educational tool ensures comprehensive understanding of saving and investment processes; Aiding teachers in imparting important life skills.