Financial Literacy Participant Handbook: Module 2 – Income and taxes (2011)

This document is part of a nine-module workshop, developed by the Canadian Centre for Financial Literacy (CCFL) to train front-line workers in community organizations to deliver financial literacy programs.

In this module, the authors present a variety of learning activities based on two scenarios. The first uses a sample pay stub to help participants learn about terms like gross income, net income, pay period, and income tax.

The second scenario deals with a couple who were hired by a large company to clean an office building at night, for which they each receive a paycheque twice a month. At tax time, they discover that their employer has not deducted income tax from their wages because he considers them contractors, not employees.

Learning activities focus on whether the employer is correct about the status of the cleaners; how the couple should deal with the situation for this tax year; and what they should do to prepare for next year.

The CCFL is a division of Social and Enterprise Development Innovations (SEDI), which was founded in 1986 to help low-income earners gain financial independence through financial literacy, asset building, and entrepreneurship.

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Added: 
2013-06-14
APA citation
Canadian Centre for Financial Literacy (CCFL). Financial Literacy Participant Handbook: Module 2 – Income and taxes 2011. Web. 5 Dec. 2020 <http://en.copian.ca/library/learning/ccfl/flp_handbook/module_2/module_2.pdf>
Canadian Centre for Financial Literacy (CCFL) (2011). Financial Literacy Participant Handbook: Module 2 – Income and taxes. Retrieved December 5, 2020, from http://en.copian.ca/library/learning/ccfl/flp_handbook/module_2/module_2.pdf
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