for my planning 10 course

1. Taxes
“The hardest thing in the world to understand is the income tax”.- Albert Einstein
“Taxes are the price we pay for civilization.” - Wendell Holmes, Jr.
Learn to Love Them
You may have grown up thinking that taxes are a burden, that you don't get
anything for this money you pay. This isn't true though, you get a lot more
than you can imagine from these fees you have to pay. Taxes is what runs our
country. Taxes, in Canada pay for military, insurance and many other
government services. Taxes aid us in many ways. They put out fires and
arrest criminals. We wouldn't be educated if it wasn't for taxes! If you realize
all of the good things that come out of taxes maybe you will gradually
become more willing to pay them.
Being Prepared
Everyone who works has to pay tax. It is the hard reality of the working
world. Some falsely believe that minors don't have to but everyone who
brings home a pay check does. Never let taxes come as a surprise because
they shouldn't be, you should always know that they're coming. Put it in your
budget that you have to pay taxes and then you'll never feel like your losing
too much money.
Paperwork
Unfortunately with paying taxes comes filling out and looking over
paperwork. Don't be scared by these legal forms for they are only there to
inform and help you. Just like anything else new you need to be prepared so
you can look at some online resources or another good idea would be to talk
to your parents since they have been doing it for a while!
Other Income
I'm sorry to break it to you but all of those casual jobs you do around the
community need to be accounted for too! Anything such as babysitting or
gardening you will have to claim under 'other income'.