Stock Market
Banking
Income Tax
Mutual Fund
Credit
100
Is there factual evidence that I'll make money buying stocks?
No.
100
What's a checking account.
A checking account is a deposit account held at a financial institution that allows withdrawals and deposits.
100
Can you file income taxes for previous years?
Yes.
100
Are funds risky?
It Depends. They can both be risky, and not risky.
100
Will checking my credit report hurt my credit score?
No.
200
Where can I find analyst research and recommendations on a particular company's stock?
Yahoo Finance.
200
What is a credit card?
A small plastic card issued by a bank, allowing the holder to purchase goods or services on credit.
200
How long does it take to receive your tax return?
Either 4-6 weeks OR 16 weeks, depending on if its your first tax return.
200
What is an investment fund?
An investment fund is a corporation or trust which accepts money from public investors.
200
What is the ideal number of credit cards to carry?
Around 2 major credit cards.
300
What is a dividend?
An extra incentive that a company uses to entice investors to become shareholders.
300
What happens if I try to withdraw more money than I have in my account?
Overdraft. You will be charged without Overdraft protection.
300
What's the minimum wage to not have to pay taxes?
$24017
300
What types of funds are available?
There are hundreds of funds available in Canada. Ex: Canadian common stocks, US common stocks and international common stocks.
300
How can the credit card companies raise your interest rate if you’ve paid your bills on time?
They cannot do this anymore. They can raise your rate on your outstanding balance if you are more than 60 days late with a payment and they can increase the interest rate on new purchases, but only if they give you 45 days advance notice so you can cancel your account.
400
What is an ETF?
Exchange-traded funds.
400
Who can see your credit score?
Businesses.
400
Where do you submit your income tax return?
International Tax Services Office.
400
What is the minimum amount of money that I can invest in a mutual fund?
Around $500-$1000
400
If your spouse/parent dies with debt, do you have to pay it?
In most cases you do not.
500
What does nasdaq stand for?
National Association of Securities Dealers Automated Quotations.
500
How can you improve your credit score?
Pay things on time, and in their entirety.
500
What are the 3 types of Residency Status?
Resident, Deemed Resident, and Non-Resident.
500
What does it cost to invest in a fund – and do I need to understand stock, bond or money markets before I invest?
Between 1%-2%. You should have an understanding before investing.
500
How many points does an inquiry take off your credit report?
There is no set number, though, in most cases around 5%.
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