Credit Union, a non-profit bank, income tax, money residents pay to the gov't every year, PST, tax paid to the government of the province you live in, GST, tax paid to federal government, Royal Bank, one of the most popular banks in Canada, interest, money the bank pays you to keep your money, RESP, Registered Education Savings Plan, RRSP, Registered Retirement Savings Plan, benefit, something that is good for you, fees, money bank charges you for their services, bank, has higher fees than a Credit Union, taxable income, income the gov't charges tax on, TFSA, Tax Free Savings Account, interest fees, money a credit card charges for outstanding money owed, chequing account, used for daily banking, savings account, used to set money aside for later.

Basic Banking Review

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