FINL15B
Module 15B: Payment for Work (Core)
Outcome
Assess the financial, ethical and legal implications associated with different methods of paying for work.
Indicators
(a) Compare the advantages and disadvantages of being self-employed to being an employee.
(b) Calculate gross pay for various methods of earning (e.g., hourly, salary, commission, piecework, gig employment and wages).
(c) Differentiate between gross pay and net pay or “take home pay.”
(d) Explore the impact of different pay periods (e.g., project completion, weekly, bi-monthly and monthly) on managing one’s finances.
(e)

Examine the responsibilities of employers, including those conducting business on First Nations reserves (e.g., urban) with respect to such things as:

  • issuing payment for work;
  • deducting income tax;
  • matching Canada Pension Plan deductions; and,
  • deducting employment insurance (EI) premiums

as outlined in provincial and federal legislation. (e.g., treaty education outcome TR10 - Examine contemporary economic implications of Treaties for all the people of Saskatchewan and other Canadian jurisdictions).

(f) Examine the ethics, legality, financial implications and human impact associated with various ways of paying for work (e.g., bartering and under the table payments).
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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
free
canadiancontent
Record posted/updated: February 8, 2022
R007555
Money and Youth: A Guide to Financial Literacy

This Canadian textbook supports the Financial Literacy curriculum and provides information at a suitable introductory level. The resource is organized under six headings for a total of 15 modules. The headings include: Goals, Values and Decision-making; Getting and Earning Money; Spending Money and Taking Control; Borrowing Money and Using Credit; Saving and Investing Money; and Protecting Assets and Planning for the Future.

The resource includes:

  • Student Guide, English or French, free online PDF version or hard copies can be ordered at a minimal fee
  • Teacher's Guide, English or French, free online version
 
(More information)
Media and Formats : Book Document
Price : Free PDF or print copies at a minimal fee.
Record posted/updated: October 2, 2024