Thursday's Assignment

Have you heard of RRSP, RRIF, TFSA, and RESP? Maybe you own one or more of them?

Discuss with a partner, and then google for some clues.

Here are your tasks:

1. Role play: Investing Your Money
1. As usual, practise by yourself and then with a partner.
2. Create an Audioboom recording.
2. Read this, and in groups, try to figure out what the investments mean in Canada.
1. Revise the above role play, making it more Canadian.
2. Then create another recording.
3. Copy out the list of 10 reasons for investing in Bitcoin. Discuss with a partner and rank the reasons in order of importance to you.

Registered Retirement Savings Plan (RRSP)
Registered Retirement Income Fund (RRIF)
The Tax-Free Savings Account (TFSA)
Registered Education Savings Plans (RESPs)


A 401(k) is a retirement savings plan sponsored by an employer.
An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. Bonds are loans, or IOUs, but you serve as the bank.
A Credit Default Swap (CDS) is a type of contract that offers a guarantee against the non-payment of a loan.
A Money Market Account is a type of savingsaccount that usually earns a higher amount of interest than a basic savings account.


1. investing-your-money

2.