Taxes
This is the month your income tax return is due
The lowest amount you are required to pay on your credit card each month
Minimum payment
Name one of the two types of accounts, maintained by banks and credit unions that can be accessed via bank tellers and ATMs.
Chequing or savings
One of the two main categories on a personal budget
Income or expenses
This is currently $14.25/hr
Minimum wage
This is the tax on wages earned paid to the government
Income tax
This charge is for the privilege of borrowing money, typically expressed as a percentage
Interest
This term refers to adding money to an account.
Deposit
Name one reason it's important to make and follow a budget.
To save for something
Be prepared for emergencies
Find and fix bad spending habits
To not spend more than you have
The Central Bank of Canada was founded in this year (+/- 5 years)
1934
A tax on exported or imported goods
Duty
This is a record of the consumers ability to repay debt.
Credit history
This term refers to the amount of money in your account.
Balance
This is your income received prior to taxes and deductions
Gross pay
1858
If you make less than this amount of money, you won’t have to pay any tax (to the nearest $1000)
$13,000
This is the maximum amount of money you spend with your credit card.
Credit limit
This is the first thing you should do when you lose your debit card.
Call the bank
This is your income after taxes and deductions
Net pay
It is tradition for finance ministers to purchase and wear new these on budget day.
Shoes
The total amount of person income taxes collected by the government (to the nearest billion)
$200 billion
This is pledged as security for repayment of a loan that will be forfeited in the event of a default
Collateral
This is what RRSP stands for.
Registered Retirement Savings Plan
These types of expenses are the same each time. Examples include rent, insurance
Fixed expenses
She is the first woman, other than HRM the Queen, to appear on a Canadian bill.
Viola Desmond