Financial Education

3. The ability to borrow money, earned by demonstrating that you can and will pay it back on time.
6. Expenses that fluctuate in cost, like groceries and transportation.
8. A bank card linked to your chequing account that’s used to withdraw funds or pay for purchases.
10. The additional amount you are charged for the convenience of paying back your credit card balance over time.
15. A retirement investment account offered by your employer that you can fund with contributions from your pretax income, usually taken directly from your paycheque.
17. An investment account for retirement that you can set up through a financial institution or financial advisor.
18. The maximum amount you can spend using a credit card.
19. What’s left in your paycheque after taxes. Sometimes referred to as “take-home pay.”
20. A plan to manage how to spend and save your money.

1. Something that is an [allowable] amount that you can take off of your taxable income to lower the amount of taxes that you owe.
2. Money deducted from your paycheque to support services that benefit your local community and the greater society.
4. A rate on a credit card that combines the monthly interest rate and annual fees to show you the total cost of using that card.
5. Income that is the amount used to calculate your federal and provincial taxes on your personal income tax return.
7. A secure way to transfer and deposit money directly into your bank account.
9. The total amount you earn from your job before taxes.
11. A basic bank account that allows you to earn a small amount of interest on your deposits.
12. Expenses that do not change month to month, like rent or a mortgage payment.
13. An account used for daily purchases and bills that may come with a debit card and cheques.
14. Something that gives you a line of revolving credit via a plastic card—each time you use it, you are borrowing money.
16. A safety net of savings for emergencies like job loss or an illness.