Financial Literacy 10 (2026 FINAL)
FL10.4
Explore various ways of earning an income.
Indicators for this outcome
| (a) | Explain the importance of a Social Insurance Number (SIN) and how it is obtained. |
| (b) | Research payment methods for employees (e.g., wages, salary, commission, tips) and frequency of pay (e.g., biweekly, monthly, bonuses). |
| (c) | Explore how entrepreneurs earn an income from various methods of self-employment, such as a traditional store, an online store, and services. |
| (d) | Investigate the risks associated with creating a personal income with lotteries, gambling (e.g., online sports betting, Video Lottery Terminals [VLT]) or fraudulent activity (e.g., theft, scams, fake reviews). |
| (e) | Analyze the advantages and disadvantages of different employment situations (e.g., employee, self-employment, contract, passive income, side hustle). |
| (f) | Examine the information provided on sample pay stubs including gross income, net income and mandatory and optional deductions. |
| (g) | Explain the impact of overtime on gross and net income. |
| (h) | Investigate income associated with treaties (e.g., treaty education outcome TR10 - Examine contemporary economic implications of Treaties for all the people of Saskatchewan and other Canadian jurisdictions). |
| (i) | Discuss how to manage a substantial financial gain (e.g., generational income, gift, prize, bursary, settlement). |
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