We have identify 12 new vocabulary items related to our field of study in the Chapter 14 : Investing for educational expenses
Apprenticeship completion grant
Noun
The Apprenticeship Completion Grant (ACG) is a one-time taxable cash grant lifetime amount of $2,000 per person for registered apprentices. It is for registered apprentices who: successfully complete their apprenticeship training program, and. get their journeyperson certification in a designated Red Seal trade.
Example: No example
fr: Subvention de fin d'apprentissage
Apprenticeship incentive grant
Noun
The Apprenticeship Incentive Grant (AIG) helps you pay for expenses while you train as an apprentice in a designated Red Seal trade. The AIG is a taxable grant worth $1,000 per level, awarded to registered apprentices. You must complete your first year/level (or equivalent) to apply for the AIG.
Example: No example
fr: Subvention incitative aux apprentis
CESG (Canadian education savings grant)
Noun
Canada Education Savings Grant is a grant from the Government of Canada paid directly into a beneficiary's Registered Education Savings Plan (RESP).
Example: No example
fr: SCEE (subvention canadienne pour l'épargne-études)
CSLP (Canada student loans program)
Noun
The CSLP is part of Statistics Canada's Education and Labour Market Longitudinal Platform (ELMLP). About the Canada Student Loan Program (CSLP). The CSLP provides non-repayable and repayable student financial assistance (grants and loans) to eligible students to help them access and afford post-secondary education.
Example: No example
fr: PCPE (Programme canadien de prêts aux étudiants)
Educational expenses
Noun
Educational expenses means the cost of education in a health care profession, including books, education equipment, fees, materials, reasonable living expenses, supplies, and tuition.
Example: A prospective husband had to be able to afford a wife, children and their EDUCATIONAL EXPENSES, and the trappings of domestic life.
fr: Dépenses scolaires
ETF (Exchange-traded funds)
Noun
An exchange-traded fund (ETF) is a type of pooled investment security that operates much like a mutual fund.
Example: No example
fr: ETF (fonds négociés en bourse)
Financial aid-system
Noun
Financial aid includes funds from the government, private organizations and/or from an educational institution to help students pay for their education.
Example: There is no example
fr: Système d'aide financière
High-income earner
Noun
Used to describe an investment that pays a high level of interest
Example: No example
fr: Salarié à revenu élevé
In-trust accounts
Noun
An in-trust account is an “informal trust” you can create at a financial institution to invest funds on behalf of a minor. The account is set up as a trust because children under the age of majority cannot enter into binding financial contracts, nor can they accept a gift under a will.
Example: No example
fr: Comptes en fiducie
Loan
Noun
A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
Example: This means finding a situation in which lenders can decide rationally to lend an amount below the quantity of LOANable funds demanded by borrowers.
fr: Prêt
RESP (Registration education savings plans)
Noun
A Registered Education Savings Plan (RESP) is a special savings account for parents who want to save for their child's education after high school.
Example: No example
fr: REEE (Régimes enregistrés d'épargne-études)
RRSP (Registration retirement savings plans)
Noun
An RRSP is a retirement savings plan that you establish, that we register, and to which you or your spouse or common-law partner contribute.
