Financial Literacy Lifelong Learning Centre Wednesdays, October 3 to 24, 2012 7:00 to 9:00 p.m. Gallery Room 106 Dr. Cyril Kesten Education 334, Faculty.

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Presentation transcript:

Financial Literacy Lifelong Learning Centre Wednesdays, October 3 to 24, :00 to 9:00 p.m. Gallery Room 106 Dr. Cyril Kesten Education 334, Faculty of Education

Financial Literacy 1. Get Organized 2. Pay Yourself First 3. Get Debt Under Control 4. Lay A Foundation 1. Three to six month emergency funds 2. Long term, “Secure,” Compounding Investments 5. Build Your Savings and Investments For Your Future

Saving and Investing  Inflation – 2.3% December 2011  Time Horizon  Risk  Diversification

RRSP and TFSA Registered Retirement Savings Plan Tax deduction going in Tax payable coming out Tax Free Savings Plan Tax paid going in Tax free coming out Unregistered Investments Tax paid going in Tax paid on income coming out

Investment Income Interest Income Dividends Capital Gains

The Stock Market Assets = Liabilities + Owner’s Equity

The Stock Market &list=LP3yPW_H3OYCs&index=5&feature=plcp &list=LP3yPW_H3OYCs&index=5&feature=plcp eature=related eature=related