Know your Banking Options
Canadian banks offer a wide range of financial products: chequing accounts, saving accounts, credit cards, line of credit, loans and investments. It can be overwhelming to know which products will best meet your personal situation.
This workshop will present an overview of the essential banking elements to know when using a bank account, a credit product or investing your savings.
At the end of this workshop, participants will be able to:
1. Understand the particularities of an account, its utilisation to pay for goods and services
2. Differentiate between the types of credit products available for short or long term funding
3. Differentiate between the main investment plans: Non-registered investments, Registered Education Savings Plan (RESP), Tax-Free Savings Accounts (TFSA), Registered Retirement Savings Plan (RRSP)
4. Understand the particularities of withdrawing from the different types of investments (ex. Brief overview of withdrawal from TFSA or RRSP for the Home Buyers Plan or Life Long Learning Plan)
5. Put into practice the key concepts learned when dealing with day-to-day banking transactions
This workshop will be led by Luiza Tudor, Coordinator Government Loans and Bursaries Administration and Kathy Antonopoulos, Service Assistant, Financial Aid and Awards Office.
Luiza Tudor is a former banking officer with over 7 years of experience in advising clients for their borrowing and investing needs.
Kathy Antonopoulos is a former Banker with over 22 years of experience in the Banking/Investment advising industry. Key areas of expertise include: Savings and Investment accounts such as Tax free savings accounts, RRSP, RESP, Homebuyers plans, mortgage loans, personal loans, lines of credit and credit cards.
October 16, 2017, 13:30 - 15:00, Mon
Term: Fall 2017
Available spots: 19