Cts Module Plan - Financial Management Fin2060 - Personal Taxation

CTS Module(s) FIN2060: Personal Taxation
Alphanumeric Code and Title

CTS Module Plan CTS Level(s)
Introductory, Intermediate, 10/20/30
Advanced
Teacher Name: Duane Whitrow Duration
Total Instructional Hours Allotted
March 2 – March 19 (3 weeks)
Student Teacher(s): Duane Whitrow

CTS Cluster(s) BIT: Business, Information Processing, and Taxation
Occupational Financial Management (FIN)
Area(s)
Level(s) 10/20/30
Prerequisite(s) N/A
Description: (address what your module plan design is all about)

Financial Management 10/20/30: Course Description
Students will be introduced to concepts related to personal financial information,
taxation, accounting, etc. and the importance of these concepts in today’s economic
world.
CTS Program
Career and technology studies (CTS) is a provincially authorized curriculum for
Alberta secondary schools designed on a pathways model to offer flexible
programming using 1-credit courses. The course structure of CTS enables schools to
design unique programs that meet the needs of students and draw on community
resources.
The CTS program is designed to develop skills that senior high school students can
apply in their daily lives when preparing for entry into the workplace or for further
learning opportunities. Through the CTS program students are provided with
opportunities to personalize their learning, identify and explore their interests,
manage transitions between high school and the workplace or post-secondary, and
develop the attitudes and behaviours that people need to participate and progress
in today’s dynamic world of work.
BIT Cluster
The BIT cluster focuses on the management, marketing and use of electronic
technologies to access, use and manipulate information within personal, family,
workplace, community and global contexts. This cluster challenges students to
expand their confidence, experience and skills as innovators and leaders.
 Occupational Area – Financial Management (FIN)

The Financial Management (FIN) strand of the BIT cluster will help students
discover and develop skills to access, use, and manipulate financial
information through various forms such as accounting, taxation, and
investing.
CTS Pathway
Advanced
FIN2060 serves as an Introductory module which is mandatory for new Financial

Management students to complete. This module will serve as a steppingstone for
future Intermediate and Advanced level accounting modules that students might be
interested in completing and offers a specialized pathway for high school students
with an interest in accounting and taxation. This pathway also provides students
with working world scenarios surrounding personal taxation and the Canadian
income tax system.
CTS Module
In this module, students will examine the Canadian income tax system through the
preparation of a variety of personal income tax returns, completed manually and/or
electronically. Students will also identify and come to understand the different forms
of taxation, the roles and responsibilities of the CRA, the importance of a SIN, the
history of the Canadian income tax system, and the rights and responsibilities of
Canadian taxpayers. Student learning will be assessed through various forms such
as class discussion, observation and evaluation of student work, and application-
based assessments such as case studies.
Rationale: (address why your design is important and your reasoning for specific design
choices)
Prerequisites
No prerequisite modules are required prior to taking FIN2060; however, FIN2060
serves as a prerequisite module for other Intermediate and Advanced level Financial
Management modules.
Fair and Balanced Assessment

In order to promote fair and balanced assessment of student work, prioritized
learning outcomes from FIN2060 were grouped on the basis of common nature and
relevance to one another. In total, four groups of learning outcomes were
developed, which will be assessed on an ongoing basis throughout the module as
assignments and tasks are completed.
Grouping/Clustering Outcomes
Each group of learning outcomes was analyzed on the basis of group identity, with
the outcomes in each grouping being experienced and assessed at the same time.
The grouping of these learning outcomes reflects common themes of knowledge,
comprehension, and application. These groupings result in a more focused
assessment plan which helps to identify what students need to know, what is
important to know, and what is good to know.
Prioritizing Outcomes
For this module plan, two of the four outcome groupings were designated for the
purpose of summative assessment. The groups of learning outcomes that will be
Advanced
assessed summatively are the ones which are essential to the development of the
knowledge and skills necessary for students to pursue additional Financial
Management modules at the Intermediate and Advanced levels.
The lone outcome grouping not to be assessed summatively is the one pertaining to
the development of basic competencies. Students’ daily classwork will be used to
formatively assess these learning outcomes.
Multi-Modal/Multi-Component Assessment Tasks

The assignments for Personal Taxation have been designed to ensure that student
learning is assessed through multiple modalities. By incorporating multiple
formative and summative assessments with different modalities, assessment of
student learning will be fair and reliable. While assignments in this module plan
have been designed to be completed in specific ways, each assignment is
considered to be flexible in its approach and may be adjusted to meet the needs of
individual learners.

Students are able to develop industry knowledge and skills in personal taxation in
an engaging and hands on learning environment, while also helping students to
explore their interests and career options in these fields. Students will have the
opportunity to collaborate with their peers on their work, while also achieving
independence through a student led learning process that encourages ongoing
student reflection.
CTS Module/Program Considerations:

 Prerequisite(s): N/A
 Pathway: Specialized – SKILLS
 Safety: Income Tax Act, Ergonomics (body posture, screen glare/eye strain, etc.)
 Other Considerations: Computer Use Policy, File Management
General Notes/Reminders:
 Victoria Baerg is on specific programming separate from high school; she isn’t a ‘part’ of the
class in that she doesn’t do Financial Management. Her main goals this semester are to just
show up and work through her video PowerPoints/Notes.
 Saidey Collition is working on Financial Management independently in the Learning Commons –
she checks in at the beginning of class for attendance then leaves.
 Nicklaus Olson is one of our K&E (Knowledge and Employability) students who works with his EA
Deb. Nick is incredibly hard working and does everything else the class does. The only difference
is that he does not receive credit or marks input to PowerSchool – I still mark his things though
and give him feedback.
 Raheem Mir – senior level student working on independent project separate from classwork.
Essential Understanding(s): Essential Question(s):

 Students will understand the significance  How do taxes improve our way of life in Canada?
and importance of taxes  What are my rights and responsibilities as a taxpayer
 Students will understand their rights and and why?
responsibilities as taxpayers
Advanced
Essential Processes: Essential Products:

 Investigate (Canadian taxation)  Personal income tax returns (physical, digital)
 Demonstrate (ability to prepare tax returns)  Equipment (computer software, assignments))
 Identify (career opportunities)  Internet (research)
Pre-existing Knowledge and Where Does This Lead?
Skills: This module will help students to develop the
There is no prerequisite module for FIN2060. knowledge, skills, and attitudes necessary for success
The goal of this module is for students to in subsequent modules in this course, as well as at the
develop a basic understanding of the Intermediate and Advanced levels. The learning
Canadian income tax system, the ability to opportunities presented in this module promotes
complete a basic personal tax return, and the student awareness of personal interests and related
basic skills and competencies required for career options in Financial Management.
success in future modules.
CTS
Module(s) COM1105: Graphic Visuals
CTS Module Plan Alphanumeric Code and Title
CTS Level(s)
Teacher Name: Duane Whitrow Advanced
Duration
Total Instructional Hours March 2 – March 19 (3 weeks)
Allotted
Financial Management 10/20/30

Case Study Case Study Case Study
Title Case Study #1
#2 #3 #4
Purpos
e Type
/
Pre-
Assess
Forma Summ Forma Summ Forma Summ Forma Summ
 Pre-Assessment / tive ative tive ative tive ative tive ative
Diagnostic ment
 Formative
 Summative
Task
 Process
 Competencies Perform Perform Perform Perform
 Growth / Compet Compet Compet Compet Compet
ance ance ance ance
Development encies encies encies encies encies
 Product
Task Task Task Task
 Performance
Task
 Quiz / Test
Modali
ty Do
Do
Do
Do
Do
Do
Do
Do
Do
 Say Say Say Say
Learning
Write
 Do
 Say
Outcomes Assess
Self Self Self Self Self
or Teach Teach
Teach
Teache
Teach
Teach
Teach
Teach
Teach
 er er er er
Self er er r er er
 Peer
 Teacher
Device
 Anchor / Sample /
Exemplar Convers Convers Convers Convers
 Anecdotal Notes ation, ation, ation, ation,
 Checklist / Rating Answer Answer Answer Answer Answer
Observa Observa Observa Observa
Scale Key Key Key Key Key
 Conversation / Q &
tion, tion, tion, tion,
A Q&A Q&A Q&A Q&A
 Heuristic
 Rubric
 Other
Audien
ce Individ Individ Individ Individ Individ Individ Individ Individ Individ
 Individual ual ual ual ual ual ual ual ual ual
 Class / School
 Community /
Online
Weig
-- -- 25% -- 25% -- 25% -- 25%
hting
Groupings of Learner
Outcomes
Learning Objectives
1.1 describe the different KNOWLE
DGE
KNOWLE
DGE
KNOWLE
DGE
KNOWLE
DGE
kinds of taxes and their Identify

prior
Research
how to apply
Describe
the
Explore
the
purposes; e.g., Goods and understan

dings and
for a SIN and
its
different
kinds of
history
and
Services Tax (GST), knowledge importance

Identify and
taxes
and their
administ
ration of
Provincial Sales Tax (PST), describe the

components
purposes
Describe
the
Canadia
capital gains tax, of a personal

income tax
the role of
the
n tax
system
inheritance tax return

Identify and
Canada
Revenue
list the types Agency in
of the
documentati collection
1.2 describe the role of the on required and
for filling out distributio
Canada Revenue Agency in tax returns n of direct
Research taxes
the collection and the features
of an
distribution of direct taxes electronic
tax program
Describe
and
1.3 research how to apply compare
various filing
for a Social Insurance procedures
Number and its importance
1.4 explore the history and

administration of the
Canadian tax system
2.1 identify and describe the

components of a personal
income tax return
2.2 identify and list the
types of documentation
required for filing tax
returns
2.4 research the features of

an electronic tax program
2.5 describe and compare

various filing procedures;
e.g., electronic filing,
Internet filing, tax
discounters
1.5 explain how Canadian

tax dollars are spent
1.6 summarize the rights COMPREHE

NSION
COMPREHE Summariz
and responsibilities of the COMPREHE
NSION
Explain
e the
rights and
how
Canadian taxpayer; e.g., NSION
Recognize
COMPREHE
NSION
Recognize
Canadian
tax dollars
responsibi
lities of
working overseas, earning and

analyze
and
analyze
are spent
Recognize
the
Canadian
the taxpayer
extra income opportunit
ies and
the
opportunit
and
analyze
Recognize
and
ies and the
barriers in analyze
barriers in opportunit
the the
the ies and
4.1 recognize and then
immediat opportuni
immediate barriers in
e ties and
environme the
environm barriers in
analyze the opportunities ent
Identify
nt
Identify
immediat
e
the
immediat
and barriers in the potential
resources
potential
resources
environm
ent
e
environm
to Identify
immediate environment to
minimize
minimize
barriers
potential
resources
ent
Identify
barriers potential
and to
and resources
maximize minimize
maximize to
opportunit barriers
4.2 identify potential opportunit
ies
ies and
minimize
barriers
maximize
resources to minimize opportunit
ies
and
maximize
barriers and maximize opportuni

ties
opportunities
2.3 prepare personal APPLICA

TION
APPLIC
ATION
APPLIC
ATION
APPLIC
ATION
income tax returns Demonst

rate
Demonst
rate
Demonst
rate
Demonst
rate
basic basic basic basic
compete compete compete compete
ncies ncies ncies ncies
3.1 demonstrate Demonst
rate
Demonst
rate
Demonst
rate
Demonst
rate
fundamental skills to: ability to
prepare
ability to
prepare
ability to
prepare
ability to
prepare
a a a a
personal personal personal personal
3.1.1 communicate income
tax
income
tax
income
tax
income
tax
3.1.2 manage return return
(post-
return
(tax
return
(First
information secondar
y
credits) Nations
person)
3.1.3 use numbers student)
3.1.4 think and solve

problems
3.2 demonstrate personal

management skills to:
6
3.2.1 demonstrate
positive attitudes and
behaviours
3.2.2 be responsible
3.2.3 be adaptable
3.2.4 learn continuously
3.2.5 work safely
3.3 demonstrate teamwork

skills to:
3.3.1 work with others

3.3.2 participate in
projects and tasks
Lesson #1 of 14 Icebreakers and Knowing What We Know

Outcome(s) 1.2 describe the role of the Canada Revenue Agency in the collection and
distribution of direct taxes
2.5 describe and compare various filing procedures; e.g., electronic filing, Internet
filing, tax discounters
3.1 demonstrate fundamental skills to:
3.1.1 communicate
3.1.2 manage information
3.1.3 use numbers
3.1.4 think and solve problems
3.2 demonstrate personal management skills to:
3.2.1 demonstrate positive attitudes and behaviours
3.3 demonstrate teamwork skills to:

3.3.2 participate in projects and tasks
7
4.1 recognize and then analyze the opportunities and barriers in the immediate
environment
4.2 identify potential resources to minimize barriers and maximize opportunities

Assessment
Evidence(s) Pre/Formative
 Purpose Say/Do
 Modality Discussion/Quiz
 Device Demonstrate basic competencies
 Criteria Pre-assess students’ prior knowledge of personal income tax
Introduce students to the basics of the Canadian income tax system
Learning  Hi! I’m Duane!
Activity(s) o Formal introduction to class
o Go around the room and get students to introduce themselves
 Pre-Assessment Quiz
 Canadian Tax System Introduction Worksheet
o Follow-up discussion
 Exit slip
o Something that I learned today is...
o A question I still have is…
o Something interesting about myself is...
 Pass around a roll of toilet paper and have students take some
toilet paper
 Students can take as many squares as they want but must take
at least one square each
 Students will write down an interesting fact(s), hobby(s),
interest(s); however many squares students have taken is how
many things they have to write down!
Lesson #2 of 14 You’re Hired! What Now?

Outcome(s) 1.3 research how to apply for a Social Insurance Number and its importance
3.1.1 communicate
3.1.3 use numbers

environment

8
Assessment
Evidence(s) Formative/Summative
 Purpose Say/Do
 Modality Discussion/Video/Observation/Worksheet
 Criteria Determine how to apply for a SIN and why it’s important
Learning  What is a SIN?
Activity(s) o PowerPoint slides
 Phishing scams now targeting Social Insurance Numbers (Video)
o https://www.youtube.com/watch?v=W7p5-y5-8kY
 SIN/Statement of Earnings Worksheet
Lesson #3 of 14 Tax Season!

Outcome(s) 2.1 identify and describe the components of a personal income tax return
2.2 identify and list the types of documentation required for filing tax returns
2.3 prepare personal income tax returns
2.4 research the features of an electronic tax program
3.1.1 communicate
3.1.3 use numbers

environment

Assessment
 Purpose Say/Do
 Modality Video/Discussion/Observation/Worksheet
 Criteria Identify different forms of income and taxes
Demonstrate the ability to complete a personal income tax return
Learning  Preparing for tax time (Video)
Activity(s) o https://youtu.be/ThMhPEKHB3U
 T4/Income Tax Worksheet
 Introduce Case Study #1
9
Lesson #4 of 14 Paper vs. Digital
3.1.1 communicate
3.1.3 use numbers

Assessment
 Purpose Do
 Modality Observation/Case Study
 Criteria Identify different means of completing income tax returns (paper, digital)
Demonstrate the ability to complete a personal income tax return
Learning  Paper vs. Digital
Activity(s) o Go through both paper and digital income tax return forms
o Identify and explain essential components of the tax forms
 I Do, You Do
o Complete both paper and digital income tax returns with students
 Case Study #1
o Work period; students can ask for help where needed
Lesson #5 of 14 Work Period (Catch Up Day)


10
3.1.1 communicate
3.1.3 use numbers

Assessment
 Purpose Do
 Criteria Demonstrate the ability to complete a personal income tax return
Learning  Case Study #1
Activity(s) o Work period; students can ask for help where needed
 Exit Slip
o Continue, Start, Stop
Lesson #6 of 14 Income, Deductions, and Credits

Outcome(s) 3.1 demonstrate fundamental skills to:
3.1.1 communicate
3.1.3 use numbers

environment

Assessment
 Purpose Say/Do
 Modality Discussion/Observation/Worksheet
 Criteria Identify different types of income, as well as tax deductions and credits
Learning  Different types of income
11
Activity(s) o Class discussion
 Do you Know How Canadian Tax Works? (Video)
o https://www.youtube.com/watch?v=U_IsUvhV35I
 Is the Deduction Applicable? (Worksheet)
o Have students work through the CRA website to determine which tax
deductions and credits are relevant to them
Lesson #7 of 14 Taxes for Post-Secondary Students

3.1.1 communicate
3.1.3 use numbers

Assessment
 Purpose Do
Learning  Tax Return Forms
Activity(s) o Review of T4A, T5, T2202A forms
 Case Study #2
o Work period; students may ask for help where needed
Lesson #8 of 14 Where Do Our Taxes Go?

Outcome(s) 1.2 describe the role of the Canada Revenue Agency in the collection and
12
distribution of direct taxes
1.5 explain how Canadian tax dollars are spent
3.1.1 communicate
3.1.3 use numbers

environment

Assessment
 Purpose Say/Do
 Modality Video/Discussion/Observation/Worksheet
 Criteria Identify and understand where our taxes go
Determine the roles and responsibilities of the CRA
Learning  Why Canadians Pay Taxes (Video)
Activity(s) o https://www.youtube.com/watch?v=0_BLcap6qao
 What If People Stopped Paying Taxes? (Video)
o https://www.youtube.com/watch?v=s0SFNNu6RNw
 Worksheet Activity
o Students may use remainder of class as a work period once the
assigned questions have been completed
Lesson #9 of 14 Understanding the Different Taxes

Outcome(s) 1.1 describe the different kinds of taxes and their purposes; e.g., Goods and
Services Tax (GST), Provincial Sales Tax (PST), capital gains tax, inheritance tax
3.1.1 communicate
3.1.3 use numbers
13

environment

Assessment
 Purpose Say/Do
 Criteria Describe the different kinds of taxes and their purposes
Learning  Analyzing Different Types of Taxes
Activity(s) o Break up students into small groups to work in (6 per group)
o Assign numbers from 1-6 to each group member
o Break into jigsaw “expert” groups and assign a different type of tax
to research, as well as prompting questions to help facilitate
research
o Once the “expert” groups have completed their research and
answered their assigned questions, have students move back into
their original groups and complete the worksheet assignment as a
team
Lesson #10 of Work Period (Catch Up Day)

14
3.1.1 communicate
3.1.3 use numbers
14

Assessment
 Purpose Do
 Exit Slip
Lesson #11 of History of the Canadian Tax System

14
Outcome(s) 1.4 explore the history and administration of the Canadian tax system
3.1.1 communicate
3.1.3 use numbers

environment

Assessment
 Purpose Do
 Criteria Understand the history and evolution of the Canadian tax system
Learning  Evolution of the Canadian Tax System
Activity(s) o Have students do research on the history of the Canadian tax
system
o Students will then create a timeline on key events/changes in regard
15
to the Canadian tax system (6-8 events)
Lesson #12 of The Rights and Responsibilities of the Canadian Taxpayer

14
Outcome(s) 1.6 summarize the rights and responsibilities of the Canadian taxpayer; e.g.,
working overseas, earning extra income
3.1.1 communicate
3.1.3 use numbers

environment

Assessment
 Purpose Say/Do
 Criteria Identify and understand the rights and responsibilities of the Canadian taxpayer
Learning  The Self-Assessment Principle (Responsibilities) & Taxpayer Bill of Rights
Activity(s) o PowerPoint slides
 The Truth Behind the Indigenous Tax Exemption (Video)
o https://www.youtube.com/watch?v=JFgftoW0-5o
 Rights and Responsibilities Worksheet

14
16
3.1.1 communicate
3.1.3 use numbers

Assessment
 Purpose Do

14
3.1.1 communicate
3.1.3 use numbers

Assessment
17
 Purpose Do
 Exit Slip
 NOTE: Final day of module; Personal Investment Planning starts Monday,
March 23rd
18

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CTS Module(s) FIN2060: Personal Taxation

Alphanumeric Code and Title

Student Teacher(s): Duane Whitrow

Description: (address what your module plan design is all about)

 Occupational Area – Financial Management (FIN)

FIN2060 serves as an Introductory module which is mandatory for new Financial

Fair and Balanced Assessment

Multi-Modal/Multi-Component Assessment Tasks

CTS Module/Program Considerations:

Essential Understanding(s): Essential Question(s):

Essential Processes: Essential Products:

Financial Management 10/20/30

kinds of taxes and their Identify

purposes; e.g., Goods and understan

Services Tax (GST), knowledge importance

Provincial Sales Tax (PST), describe the

capital gains tax, of a personal

inheritance tax return

Number and its importance

1.4 explore the history and

2.1 identify and describe the

2.4 research the features of

2.5 describe and compare

1.5 explain how Canadian

1.6 summarize the rights COMPREHE

working overseas, earning and

barriers and maximize opportuni

2.3 prepare personal APPLICA

income tax returns Demonst

3.1.4 think and solve

3.2 demonstrate personal

3.2.5 work safely

3.3 demonstrate teamwork

3.3.1 work with others

Lesson #1 of 14 Icebreakers and Knowing What We Know

3.1 demonstrate fundamental skills to:

3.2 demonstrate personal management skills to:

3.2.1 demonstrate positive attitudes and behaviours

3.3 demonstrate teamwork skills to:

3.3.1 work with others

4.2 identify potential resources to minimize barriers and maximize opportunities

Lesson #2 of 14 You’re Hired! What Now?

3.1 demonstrate fundamental skills to:

3.2 demonstrate personal management skills to:

3.2.1 demonstrate positive attitudes and behaviours

3.3 demonstrate teamwork skills to:

3.3.1 work with others

4.2 identify potential resources to minimize barriers and maximize opportunities

Lesson #3 of 14 Tax Season!

3.1 demonstrate fundamental skills to:

3.2 demonstrate personal management skills to:

3.2.1 demonstrate positive attitudes and behaviours

3.3 demonstrate teamwork skills to:

3.3.1 work with others

4.2 identify potential resources to minimize barriers and maximize opportunities

3.1 demonstrate fundamental skills to:

3.2 demonstrate personal management skills to:

3.2.1 demonstrate positive attitudes and behaviours

3.3 demonstrate teamwork skills to:

3.3.1 work with others

Lesson #5 of 14 Work Period (Catch Up Day)

3.1 demonstrate fundamental skills to: