Financial Literacy 20, 30
Course Configurations
FINL16
Module 16: Transactions for Goods and Services (Optional)
Outcome
Analyze how transactions for goods and services occur.
Indicators
| (a) | Discuss the differences between goods and services. |
| (b) | Analyze options (e.g., e-commerce, retail, private exchange, text messaging and social media) for buying and selling goods and services. |
| (c) | Investigate requirements for collecting and remitting Provincial Sales Tax (PST) and Goods and Services Tax (GST) as a seller of goods and services including the responsibilities associated with conducting business on a First Nations reserve. |
| (d) | Discuss the advantages, disadvantages and security measures associated with various methods of payment (e.g., cash, cheque, money order, bank draft, debit card, e-transfer, credit card, virtual debit and worldwide online payments) for goods and services. |
| (e) | Investigate ways that payments are made in other areas of the world (e.g., WeChat or Alipay in China and CashU in the Middle East) and security measures (e.g., facial recognition) that are used. |
| (f) | Speculate on future methods of payment and associated technologies (e.g., CryptoCurrency, biometrics and blockchain) and the move towards cashless societies. |
| (g) | Discuss potential risks associated with future methods of payment and associated technologies. |
| (h) | Calculate total costs for a variety of transactions, taking into consideration taxes and fees such as transaction fees, shipping and handling, GST, PST, Harmonized Sales Tax (HST), duties and brokerage fees. |
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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
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:
August 9, 2024