An ETF, or Exchange-Traded Fund, is like a basket of investments that you can buy and sell on a stock exchange, just like a stock. It combines different assets like stocks, bonds, or commodities into one investment product. ETFs are designed to track the performance of a specific index, sector, or asset class, providing investors with a way to diversify their portfolio and invest in multiple assets through a single investment.

A dividend is a portion of a company's profits that is distributed to its shareholders as a reward for owning the company's stock. It's like a "thank you" payment to shareholders for investing in the company. Dividends are usually paid regularly, such as quarterly or annually, and the amount each shareholder receives is typically based on the number of shares they own.

TFSA stands for Tax-Free Savings Account. It's a type of account in Canada where you can save and invest money without paying taxes on the earnings you make within the account. This means any interest, dividends, or capital gains you earn are not taxed when withdrawn from the TFSA. It's a popular way for Canadians to grow their savings and investments without worrying about taxes on the returns.

RRSP stands for Registered Retirement Savings Plan. It's a type of account in Canada that helps individuals save for retirement in a tax-efficient way. When you contribute money to an RRSP, you can deduct that amount from your taxable income, reducing the amount of income tax you owe for the year. The investments held within an RRSP can grow tax-free until you withdraw them, ideally during retirement when your income may be lower and taxed at a lower rate.