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Know what ‘ETF’ stands for? Prove it with this short, fun quiz!
  1. CRA (choose one)

  2. HISA (choose one)

  3. RRSP (choose one)

  4. TFSA (choose one)

  5. RESP (choose one)

  6. ROI (choose one)

  7. ETF (choose one)

  8. GIC (choose one)

You are close... but there is more to learn

Check out the meaning of all the acronyms below:

CRA: The Canada Revenue Agency is the federal agency that administers tax laws for the Canadian government, as well as most provinces and territories.

HISA: A High Interest Savings Account is just what the name implies – a savings account that pays higher interest than a traditional savings account.

RRSP: A Registered Retirement Savings Plan is an account that's registered with the Canadian government, designed to help Canadians save for retirement.

TFSA: A Tax-Free Savings Account is a government sponsored investment account (it's really more like a TFIA), designed to shelter interest, dividends, and other investment earnings from tax.

RESP: A Registered Education Savings Plan is a government-sponsored account designed to help parents save for their child's post-secondary education.

ROI: Return on Investment is a performance measure that lets you know how much money or profit you've made on an investment, relative to the amount of money you invested.

ETF: An Exchange-Traded Fund is an investment fund that lets you buy a whole collection of investments (stocks, bonds, etc.) in one purchase.

GIC: A Guaranteed Investment Certificate is a secure investment that guarantees 100% of the original amount you invested (while earning interest at a fixed or variable rate).

You are close... but there is more to learn

Check out the meaning of all the acronyms below:

CRA: The Canada Revenue Agency is the federal agency that administers tax laws for the Canadian government, as well as most provinces and territories.

HISA: A High Interest Savings Account is just what the name implies – a savings account that pays higher interest than a traditional savings account.

RRSP: A Registered Retirement Savings Plan is an account that's registered with the Canadian government, designed to help Canadians save for retirement.

TFSA: A Tax-Free Savings Account is a government sponsored investment account (it's really more like a TFIA), designed to shelter interest, dividends, and other investment earnings from tax.

RESP: A Registered Education Savings Plan is a government-sponsored account designed to help parents save for their child's post-secondary education.

ROI: Return on Investment is a performance measure that lets you know how much money or profit you've made on an investment, relative to the amount of money you invested.

ETF: An Exchange-Traded Fund is an investment fund that lets you buy a whole collection of investments (stocks, bonds, etc.) in one purchase.

GIC: A Guaranteed Investment Certificate is a secure investment that guarantees 100% of the original amount you invested (while earning interest at a fixed or variable rate).

Congratulations! You are an expert!

Check out the meaning of all the acronyms below:

CRA: The Canada Revenue Agency is the federal agency that administers tax laws for the Canadian government, as well as most provinces and territories.

HISA: A High Interest Savings Account is just what the name implies – a savings account that pays higher interest than a traditional savings account.

RRSP: A Registered Retirement Savings Plan is an account that's registered with the Canadian government, designed to help Canadians save for retirement.

TFSA: A Tax-Free Savings Account is a government sponsored investment account (it's really more like a TFIA), designed to shelter interest, dividends, and other investment earnings from tax.

RESP: A Registered Education Savings Plan is a government-sponsored account designed to help parents save for their child's post-secondary education.

ROI: Return on Investment is a performance measure that lets you know how much money or profit you've made on an investment, relative to the amount of money you invested.

ETF: An Exchange-Traded Fund is an investment fund that lets you buy a whole collection of investments (stocks, bonds, etc.) in one purchase.

GIC: A Guaranteed Investment Certificate is a secure investment that guarantees 100% of the original amount you invested (while earning interest at a fixed or variable rate).

You are definitely goofy, but let's learn what are those acronyms are really talking about!

Check out the meaning of all the acronyms below:

CRA: The Canada Revenue Agency is the federal agency that administers tax laws for the Canadian government, as well as most provinces and territories.

HISA: A High Interest Savings Account is just what the name implies – a savings account that pays higher interest than a traditional savings account.

RRSP: A Registered Retirement Savings Plan is an account that's registered with the Canadian government, designed to help Canadians save for retirement.

TFSA: A Tax-Free Savings Account is a government sponsored investment account (it's really more like a TFIA), designed to shelter interest, dividends, and other investment earnings from tax.

RESP: A Registered Education Savings Plan is a government-sponsored account designed to help parents save for their child's post-secondary education.

ROI: Return on Investment is a performance measure that lets you know how much money or profit you've made on an investment, relative to the amount of money you invested.

ETF: An Exchange-Traded Fund is an investment fund that lets you buy a whole collection of investments (stocks, bonds, etc.) in one purchase.

GIC: A Guaranteed Investment Certificate is a secure investment that guarantees 100% of the original amount you invested (while earning interest at a fixed or variable rate).

Learn more about these acronyms and other financial terms with our Investment FAQs.