Types of Bank Accounts
Student Aid
Movies
Personal Tax
Personal Finance
100
Accumulates interest and doesn't lose value
What is a savings account?
100
The place that Alberta resident students apply for a student loan/grant
What is Alberta Student Aid?
100
Finance movie that had Leonardo DiCaprio as the main character
What is Wolf of Wall Street?
100
The date your personal taxes are due.
When is April 30th?
100
Name for the original amount of money deposited
What is the principle balance?
200
Considered an on-demand deposit and withdrawal account
What is a checking account?
200
NSLSC is the acronym
What is National Student Loan Service Centre?
200
Movie that depicted the 2008 financial crisis
What is The Big Short?
200
The two types of income tax in Canada
What is Federal and Provincial tax?
200
A fund that pays a periodic amount until depleted.
What is an Annuity?
300
A savings account where any gains are tax-free.
What is a TFSA?
300
The grace period on Alberta student loan repayments is this long
What is 12 months after the end of study date?
300
Movie about the 2021 GameStop stock short
What is Dumb Money?
300
Similar to tax evasion, but not considered fraud.
What is Tax Avoidance?
300
The 50-30-20 rule
What is 50% on needs, 30% on wants, 20% savings?
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400
A tax deferral savings account intended for retirement
What is a RRSP?
400
A lump sum award that is usually non-taxable.
What is a scholarship?
400
The movie that depicts the social club and Ponzi scheme of the same name. (i.e. the name of the movie is the same as the name of the scheme)
What is the Billionaire Boys Club?
400
The deadline to make an RRSP contribution
What is the first 60 days of the year?
400
A way to invest in many securities all at the same time.
What is an Exchange Traded Fund (ETF)
500
Combines the best aspects of the TFSA and RRSP
What is a FHSA?
Fun Fact: FHSA became available to Canadians in April 2023. The total lifetime contribution limit is $40,000.
500
The lifetime loan limit in Alberta for a bachelor's degree is this amount
How much is $85,000?
Fun Fact: There are different lifetime loan limits for different types of schooling.
500
The movie that depicts why we have more regulations for accounting practices for publicly traded companies
What is Enron: The Smartest Guys in the Room?
Fun Fact: Before Eron there were the Big 6 accounting firms and after Enron there are only the Big 4. PW and CL merged to form PWC and Arthur Anderson is no more.
500
The 2024 Federal basic personal amount
What is $15,705?
Fun Fact: The Basic Personal Amount increases every year with inflation. The whole basic personal amount applies to everyone who earns income in Canada under $173,205.
500
The name of the lifestyle/investment plan with the goal of gaining financial independence and retiring early through savings.
FIRE movement
Fun Fact: There are 3 types: Fat FIRE, Lean FIRE, and Barista FIRE