financial literacy lifelong learning centre wednesday, october 30 2013 7:00 to 9:00 p.m. gallery...

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Financial Literacy Lifelong Learning Centre Wednesday, October 30 2013 7:00 to 9:00 p.m. Gallery Room 106 Dr. Cyril Kesten Education 334, Faculty of Education [email protected] 306 585 4532

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Page 1: Financial Literacy Lifelong Learning Centre Wednesday, October 30 2013 7:00 to 9:00 p.m. Gallery Room 106 Dr. Cyril Kesten Education 334, Faculty of Education

Financial Literacy

Lifelong Learning CentreWednesday, October 30 2013

7:00 to 9:00 p.m.Gallery Room 106

Dr. Cyril KestenEducation 334, Faculty of [email protected] 585 4532

Page 2: Financial Literacy Lifelong Learning Centre Wednesday, October 30 2013 7:00 to 9:00 p.m. Gallery Room 106 Dr. Cyril Kesten Education 334, Faculty of Education

RRSP and TFSA

Registered Retirement Savings Plan (RRSP)Tax deduction going inTax payable coming out

Registered Retirement Income Fund (RRIF) Tax Free Savings Account (TFSA)

Tax paid going inTax free coming out

Unregistered InvestmentsTax paid going inTax paid on income coming out

Page 3: Financial Literacy Lifelong Learning Centre Wednesday, October 30 2013 7:00 to 9:00 p.m. Gallery Room 106 Dr. Cyril Kesten Education 334, Faculty of Education

Investment Income

Interest Income• Bonds

GovernmentCorporate

Dividends• Common Shares• Preferred Shares

Capital Gains• Buy Low – Sell High

Page 5: Financial Literacy Lifelong Learning Centre Wednesday, October 30 2013 7:00 to 9:00 p.m. Gallery Room 106 Dr. Cyril Kesten Education 334, Faculty of Education

The Stock Market

Assets = Liabilities + Owner’s Equity