T or F
Planning for emergencies is not part of being financially literate.
False
Flat broke
What is when you have no money?
What is financial literacy?
SIN
What is Social Insurance Number?
Name three types of insurance.
What is automobile, tenant, home, and/or life insurance?
Loans can sometimes be a good thing.
True.
Foot the Bill
What is when you take responsibility for paying the bill?
This is the bank account that most individuals use for their day to day purchases.
What is your chequing account?
ATM
What is Automated Teller Machine?
For new drivers, this course can help to reduce your car insurance premiums.
What is a driver's education course?
You should always listen to a financial literacy influencer.
False
In the Red vs In the Black
What is in debt vs. have money?
The score given by a credit agency regarding your ability to pay off a debt.
What is credit score?
HST
What is Harmonized Sales Tax?
This type of insurance is the minimum type that must be carried on any automobile.
What is PLPD (personal liability and property damage)?
There is no specific age that you must begin filing taxes in Canada.
True
Free and Clear
What is when you have no debt or anything owing?
These are the three main credit card networks in Canada.
What are Visa, Mastercard, and American Express?
CPP
What is Canada Pension Plan?
Insurance policies usually are valid for this amount of time.
Every student is eligible for a federal and/or provincial student loan.
What is false?
On a Shoestring Budget
What is to spend the least amount of money possible?
This is the date that income tax is to be filed by each year in Canada.
What is April 30th?
RESP
What is Registered Education Savings Plan?
This type of insurance is required if you are renting an apartment/house, etc.
What is tenant insurance?