Taxes
This branch of the government collects federal income tax.
Who is the Canada Revenue Agency.
This is a relatively small amount of money lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next paycheck.
What is a payday loan.
In Nova Scotia you bust be this age to get a credit card.
What is 19.
This person is on the Canadian $20 bill
Who is Queen Elizabeth
This form, provided by your employer each year, is a total summary of your earnings and deductions for the calendar year.
What is a T4.
These are the two largest expenses student loans are used for.
While Atomic Power Robot has nothing to do with credit cards it does use the same initials for this critical credit card feature.
What is Annual Percentage Rate.
This option has historically carried lower monthly car payments
What is leasing.
This bank has nothing but water in it.
What is a snow bank.
After income taxes, these are your two biggest deductions.
What is CPP and EI.
Loan forgiveness programs exist on this level of government.
What is provincial.
This is the window of time you have in which you will not be charged interest if balance is paid in full.
What is a grace period.
Cars generally do this by at least 10% on the first day they are taken home.
What is depreciate.
All new money is printed here.
What is the Royal Canadian Mint.
A charitable donation is considered this when calculating your tax return.
What is a tax credit.
The number of years in which student loan repayment is calculated.
What is 10.
Most credit cards compounded interest on this basis and average this percent annually.
What is daily and 19.
A "late model" is more commonly called this.
What is used.
The shekel (mesopotamian)
These are the three types of sales taxes Canada offers.
What is GST, PST, and HST.
You watched a CBC Marketplace episode on payday loans. Some of the "payday" loans companies were giving out loans as high as $35,000 and were charging as much as this as an annual interest rate. (rounded to the nearest 10%)
What is 50%.
In 1958, the first credit cards were mailed out to 60,000 residents and were "preloaded" with this amount of money which is $4,500 in todays money.
What is $500.
This purchasing option aims to keep you in a cycle of recurring payments.
What is leasing.
In Canadian Dollars, it costs this much to rent two alpacas for a wedding?
What is $600.