Professional Documents
Culture Documents
Our banking begins the first day of school. Students will earn a
paycheck. Students are given bank books. They will learn to
make deposits and withdrawals. There will also be fines and
banking fees so students have the experience of budgeting and
withdrawing money. We will use class work and homework as
incentives to earn money. Student will learn to add and subtract
decimals. They will learn to write cheques.
Classroom bankers will earn wages for performing banking
duties and wages will be deposited into their accounts. Bankers
will handle all transactions for the Bank including all deposits and
withdrawals, collecting classroom fines, rent and tax collection on
April 30th, 2016.
Store: The classroom store will be held at the end of each month
and the students can spend their earnings on items
Banking Fines and Fees:
homework on time ($10.00)
project and reports ($10.00)
reading assigned reading ($5.00)
FINES
breaking one of the three rules (HANDS OFF, FEET OFF,
WORDS OFF) ($20.00 and up depending on the offence and
severity)
Improper use of grammar, such as can Megan and Me use
the Smartboard? ($5.00)
Disrespect of someone or their property ($50.00)
TAXES: On April 15th, 2016, the students will add up all their cash,
cheques and money in their saving account. Its time to pay their
classroom taxes. Students will compute their itemized
deductions, fill in a T-1, read the TAX table and file their tax
return. Their tax advisor (the parents) will check over their
work and help if necessary. Taxes need to be filed with the CRA
(Classroom Revenue Agency) on or before April 30 th , 2016.
Classroom Rent: To gain experience with income and expenses,
students will earn money and pay expenses. They will have to
rent their desk, chair and locker monthly. They will be given a
statement each month and have the opportunity to pay their fees.
This gives the students the practice of writing cheques and
balancing their ledger.
EARNING EXTRA MONEY: Students have the chance to earn
extra money by completing challenges $10.00, doing acts of
service $20.00, and $10.00 for speaking French out of the
classroom, such as the hallways with peers.
Dbit/Crdit
Date: __________________
Nom: _________________
montant
monnai
e
chques
TOTAL
Dbit/Crdit
Date: __________________
Nom: _________________
montant
monnai
e
chques
TOTAL
Dbit/Crdit
Date: __________________
Nom: _________________
montant
Monnai
e
chques
TOTAL
1
1
1
1
1
1
1
1
5
5
5
5
5
5
5
5
10
10
10
10
10
10
10
10
10
10
10
10
20
20
20
20
20
20
20
20
20
20
20
20
50
50
50
50
50
50
50
50
50
50
50
50
100
100
100
100
100
100
100
100
100
100
100
100
T1 GENERAL 2015
Last name
Date
Income
1. Total income this term (see line 1 of T4).
2. Itemized deductions (see line 9 of Itemized deduction form)
If no deductions, enter 0
3. Subtract line 2 from line 1. This is your taxable income.
5. Tax. Use the amount on line 3 of the EPKK tax table. Then enter the tax from the
table on this line.
Refund
6. If line 4 is larger than line 5, subtract line 5 form line 4. This is your Refund.
If line 5 is larger than line 4, subtract line 4 from line 5. This is your amount
owing. Please clip your remittance slip to this form.
Sign Here
I certify that the information given on this return and in any documents attached is correct, complete,
and fully discloses all my classroom income.
______________________________________
_____________________________________
Signature
Date
It is a serious offence to make a false return.
Fifth grade teacher, Mr. Brent Coley, is the creator of these tax forms. They were customized for our students at cole Pere Kenneth Kearns School.
Visit his incredible website at http://www.mrcoley.com/taxes.htm
Travel
Medical/Dental
Dependents
Parlez franais
Acts of service
Challenge work
Add deductions
Total deductions
attach to T1 form
Student number
Fifth grade teacher, Mr. Brent Coley, is the creator of these tax forms. They were customized for our students at cole Our Lady of Perpetual Help School.
Visit his incredible website at http://www.mrcoley.com/taxes.htm
Example:
Michael is filing his classroom income tax return. If his taxable income is $2,925, Michael should look in the at least $2,801 to
but less than $3,000 columns. He will see that his tax is $450.
Student
number
1.
2.
Student
number
1.
2.
Student
number
1.
2.