1. Cause you need to do em’. Whether you like it or not.
Taxes
Cause you need to do em’. Whether you like it or not.

2. Challenge:
What is tax?

3. What is Tax?
Tax is a mandatory payment made by individuals and corporations to government.
It can be levied upon things such as income, property, and sales.
Taxes are used to support the government and the programs and services it provides.

4. What is your Experience with Taxes?
Question:
What is your Experience with Taxes?

5. When did Taxes First appear in History?
Question:
When did Taxes First appear in History?

6. Some Tax History
Since the beginning of recorded history, some kind of tax system has existed in organized societies and governments.
Over 3,500 years ago, the ancient Egyptians collected taxes and the Roman Empire had a highly evolved tax system.
The French and Romans of the 13th century were credited with the first use of a word similar to tax.
The French had taxer and the Latin used taxare to describe the acts: to estimate, to assess, or to touch repeatedly.

7. Challenge:
1 - What do we pay taxes on? 2 - What does the Gov’t Do with the money?

8. What does the gov’t do with the money?
Discuss
What do we pay taxes on?
What does the gov’t do with the money?

9. Most goods and services.
What Gets Taxed?
Most goods and services.

10. What does revenue from Tax Pay For?
Roads
Education
Health Care
National Defense
Police & Fire Services
Parks & Playgrounds
Libraries
Garbage Collection
Etc. etc.

11. What is GST? What is HST? What is PST?
Question:
What is GST? What is HST? What is PST?

12. About Tax
GST = Goods and Services Tax PST = Provincial Sales Tax HST = Harmonized Sales Tax (GST + PST) Only in Nova Scotia, Newfoundland, New Brunswick, PEI & Ontario

13. Anyone with a Job …what have you noticed about your pay Stub?
Question:
Anyone with a Job …what have you noticed about your pay Stub?

14. Things That are Important for Jobs
SIN (Social Insurance Number)
A nine digit number you need to work in Canada & access certain programs
Should be kept confidential unless required
Form TD1 – Personal Tax Credit Return
Must be completed by anyone in a new job
Tells employer how much tax to withhold from pay cheque

15. Practice Filling out a TD1 !!!

16. Deductions off Pay Stubs…

17. Questions to Answer About the Pay Stub…
Find the following information on your pay stub:
What is the pay period?
How many hours did David work during this pay period?
What is his rate of pay?
How much money did David earn in this pay period?
What was deducted from his pay?
What is the amount of David’s pay cheque?
What is net pay?

18. Complete a 3-2-1
3 facts about taxes. 2 benefits to taxes. 1 thing you’ve learned.