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Gauge Your Basic Canadian Finance Knowledge

Take the Money Quiz

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Canda Buzz Team

This quiz was put together by Canada Buzz Team and reviewed by a Canadian finance expert.

Instructions

Answer each of the questions below honestly and we’ll score your basic finance knowledge at the end.

Assessing your financial savviness. Interactive quiz.

The Financial Landscape in Canada

Which of the following do you have

What kind of investments is best to keep in a Tax-Free Savings Account?

How much should you contribute to a Tax-Free Savings Account (TFSA)?

What kind of investments are ideal to keep inside an RRSP?

Is there any benefit to have a RRSP today?

Which of the following investments do you know about?

Which investment option requires the least time to manage, and yet has the most reward on average?

What is a reasonable amount to save/invest from your paycheck?

Which companies tend to make great investments over a long period of time?

When is the ideal time to purchase a life insurance policy?

What is the optimal way to use a credit card?

If your credit card debt is very high, what is the best option to explore first?

Is it bad to have a lot of credit cards?

Which of the following governments include a suite of grants & support programs that can be accessed on their main website?

I am looking to own a home in Canada, what government programs exist to support me in that process? (select all that apply).

Which is Better? Buying or Renting a House?

Disclaimer: This quiz is for entertainment purposes only. In no way is this an empirically validated test. The concepts presented are not rooted in any known research.

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