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Money Sources

Resources in this section will assist youth to:

  • Learn the different kinds and sources of income
  • Identify some of the deductions from your paycheque
  • Understand the various scholarships, bursaries, and awards that may be available to you

Click on any of the following question groups for an explanation and a list of related links and resources:

Q How much money does the average person make in the course of a lifetime? No - you've got to be kidding!
Q What are the different kinds and sources of income?
Q What taxes do I pay? When and how are they paid? Are there sources of help for filing income taxes? How can I try to reduce the taxes that I pay?
Q What are CPP and EI and when might I benefit from them?
Q Are there sources of information about scholarships, bursaries, and awards that I might qualify for?
Q What is a reverse mortgage and how can it provide access to funds?
Q Is there some basic information I should have about protecting my money and assets?