Resource Choices

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Across
  1. 1. Registered Retirement Savings Plan. Not taxed going in; taxed when its withdrawn (It lowers your taxable income)
  2. 5. The type of interest earned on both your original money and the interest already added.
  3. 7. The amount you pay for insurance.
  4. 9. Extras you choose to spend on
  5. 10. The amount you must pay out of pocket before insurance helps.
  6. 13. being unable to pay debts
  7. 14. The income you take home after deductions
  8. 17. Essentials for living
  9. 18. Anything you own that has value
Down
  1. 2. Registered Education Savings Plan. A savings account for education that can earn government grants (the grants are taxed when they come out). Taxed before it goes in. Not taxed when its withdrawn.
  2. 3. The legal process to deal with it
  3. 4. A long-term loan used to buy a home.
  4. 6. Extra insurance cost added to your mortgage when your down payment is under 20%.
  5. 8. Income you earn that changes from pay to pay
  6. 11. Income you earn that stays the same each pay period.
  7. 12. A person who buys goods and services.
  8. 15. Your income before deductions
  9. 16. First Home Savings Account that helps first-time homebuyers save tax-free up to $40,000.
  10. 19. Tax Free Saving Account. You put in money that has already been taxed. Your growth and withdrawals are tax-free.