Financial Literacy 20, 30
Course Configurations
FINL14C
Module 14C: Personal Income Taxes (Core)
Outcome
Investigate personal income tax.
Indicators
| (a) | Determine an individual’s responsibilities with respect to filing and paying income tax. |
| (b) | Recognize the purpose of a Social Insurance Number (SIN) with respect to income tax. |
| (c) | Describe the relationship between tax brackets and tax rates. |
| (d) | Compare marginal and effective tax rates. |
| (e) | Differentiate between a tax credit (e.g., basic personal amount, dependent children and tuition and education amounts) and a tax deduction (e.g., child care expenses and Registered Retirement Savings Plan contribution). |
| (f) | Discuss benefits and credits such as the Goods and Services Tax (GST) credit, child tax benefit and working income tax benefit. |
| (g) |
List the sources of income on which income tax is levied, including:
|
| (h) | Research how various sources of income are taxed differently and at different rates. |
| (i) | Complete an income tax return for self or for various scenarios. |
| (j) | Explore the role of an income tax specialist (e.g., an accountant) in helping individuals and businesses make sound financial decisions to minimize taxes. |
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R009210
Personal Finance for Canadians (6th ed.)
This book encompasses many topics to assist with organizing finances. Topics include spending less, saving more, building wealth and protecting your wealth. It contains tips, facts and tables to further explain the concepts presented. There are also sections on financial goal setting, understanding investment and insurance choices, and selecting a financial planner. There is a table of contents and an index to help locate specific content.
Media and Formats :
Book
Price :
$19.99
Record posted/updated:
February 8, 2022
R008607
Money and Finances
This Government of Canada website has current information on concepts related to financial literacy. There is a useful search menu to locate information on specific course topics. The content is written suitably for students and some topics include videos, tools and calculators, online courses and modules that may be useful for use in the classroom.
Media and Formats :
Website
Price :
Free
Record posted/updated:
February 8, 2022
R104137
Enriched Academy
This online portal with Canadian content is accessible through a paid subscription. It delivers a series of over 60 sequenced video lessons and more than 150 quizzes and assessments on topics related to financial literacy. It includes an interactive online platform, webinars, calculators and tools for students to use to learn more on topics such as credit, saving for retirement, the stock market, TFSA, RRSP and taxes, money myths and careers.
Media and Formats :
Website
Price :
unavailable
Record posted/updated:
February 8, 2022
R105125
Personal Finance (9th Canadian ed.)
This Canadian textbook is divided into five parts:
- Planning Your Personal Finances
- Managing Your Personal Finances
- Insuring Your Assets
- Investing Your Financial Resources
- Controlling Your Financial Future
The resource contains case studies, concept checks, assignments and assessment examples.
There are four purchase options:
- eBook
- eBook only (online version of textbook)
- Connect
- eBook, homework, adaptive assignments and study tools
- Connect and print text
- eBook, homework, adaptive assignments and study tools
- printed textbook
- Print text
- printed textbook only
(More information)
Media and Formats :
Book
Price :
See website
Record posted/updated:
August 8, 2024