Types of Investment Accounts in Canada: RRSP, TFSA, FHSA, RESP, Cash
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Types of Investment Accounts in Canada: RRSP, TFSA, FHSA, RESP, Cash
This high school life skills and financial literacy lesson covers all of the basic information about Canadian investment accounts. Teach your class about the tax benefits that occur when investing, growing, and selling in each of 5 different kinds of investment accounts. Introduce important ideas such as income tax, education grants, and capital gains tax.
***This product has been updated in 2023 to include the newest kind of registered account in Canada: The First Home Savings Account***
How to Use:
A comprehensive graphic organizer is included that contains clear and simple information about the tax benefits in each of the following accounts when buying, growing, and selling investments:
Tax-Free Savings Account (TFSA)
Registered Retirement Savings Plan (RRSP)
First Home Savings Account (FHSA)
Registered Education Savings Plan (RESP)
Non-Registered Account/Cash Account
You can choose to give your students the completed handout, or give them a handout where they have to research or listen to a lesson and take notes to complete some of the information.
Next, give students the vocabulary matching worksheet to reinforce the new terminology they have learned.
Finally, give them the comprehension questions to complete individually or in pairs.
Grades to Use With:
This lesson is designed for high school students in grades 8-12 in Canada. It could also be used in adult education classes or even in basic personal finance classes in college.
What's Included:
This ready-to-go package includes the following:
- 2 Graphic Organizers (blank & completed)
- Vocabulary Matching
- Comprehension Questions
- Answer Key
If you enjoy this personal finance lesson, check out many others in my store:
Financial Literacy: Household Budget Project: Taxes, Insurance, Loans, Rent, Groceries and More!
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