series calculation or Ti83 TVM calculator to validate their results.) Have students compare and discuss answers with a partner. 15 Class Discussion: TFSA Assessment FOR Learning: minutes Discussion Teacher Prompt: RRSP are great tools (if one is disciplined) to save for your retirement, buy a home, pay for your education (if you pay the fund back within a certain time limit), but it is not the only savings vehicles open to Canadians. The other is a TFSA. Have students complete Appendix C TFSA. – Discuss answers in class. Timing Lesson Sequence Assessment for and as (Mins.) Learning Opportunities (self/peer/teacher) ACTION (cont’d.) 20 Individual: Where to Invest Assessment AS Learning: minutes Appendix D Have students complete Appendix D for next class. Other factors include (but not limited to): Spending habits Can you save that amount for 25 Future income Future tax rates Will you keep in TFSA or replace it if withdrawn? Current tax savings on RRSP RRSP assumes you save your tax refund and invest CONSOLIDATION/DEBRIEF
series calculation or Ti83 TVM calculator to validate their results.) Have students compare and discuss answers with a partner. 15 minutes Class Discussion: TFSA Teacher Prompt: RRSP are great tools (if one is disciplined) to save for your retirement, buy a home, pay for your education (if you pay the fund back within a certain time limit), but it is not the only savings vehicles open to Canadians. The other is a TFSA. Have students complete Appendix C – TFSA. Discuss answers in class. Assessment FOR Learning: Discussion Timing (Mins.) Lesson Sequence Assessment for and as Learning Opportunities (self/peer/teacher) ACTION (cont’d.) 20 minutes Individual: Where to Invest Have students complete Appendix D for next class. Other factors include (but not limited to): Spending habits Can you save that amount for 25 Future income Future tax rates Will you keep in TFSA or replace it if withdrawn? Current tax savings on RRSP RRSP assumes you save your tax refund and invest Assessment AS Learning: Appendix D CONSOLIDATION/DEBRIEF
Saving-vs-Spending.docx