2232 SHERIDAN
GARDEN DRIVE
OAKVILLE,
ONTARIO,
CANADA

After Tax Cost Of Education At JKCS.
The Federal Government allows parents/guardians who choose a faith-based school for their children to use a portion of the tuition fees as a charitable donation for income tax purposes. Through a formula, schools calculate what is called the cost per student or "deemed tuition". This figure is re-calculated each school year. Deemed tuition is charged for each student attending the school. The CPS is deducted from tuition fees paid and the remainder qualifies as a charitable donation for tax purposes.

Number of children in Family	1	2	3
Tuition Paid (actual for 2006)	$7512	$10,806	$11,948
Annual Federal Cost of Education or Deemed Tuition.* (Actual for 2006 based on full time attendance)	$2161.26	$4322.52	$6483.78
Charitable Donation Receipt	$5,350.74	$6483.48	$5464.22
Tax benefit of Charitable Receipt (approx. 40%)**	$2140.50	$2593.39	$2185.69
Calculation of After Tax Cost of Tuition
Tuition Paid	$7512	$10,806	$11,948
Less tax benefit of charitable receipt	$2140.50	$2593.39	$2185.69
Net Cost of Tuition	$5371.70	$8212.61	$9762.31

*The "deemed tuition" varies from year to year depending on the cost of operating the school, the number of students, and the amount of revenue received from sources other than direct parental contributions. JKCS can not guaranteed that the amount of "deemed tuition" will remain the same from year to year.

** Not all families are taxed at the same rate. This is the highest marginal tax rate for incomes over $100,000/year. Families with an income earner that earns greater than $33,000 should receive a donation credit of at least 40%.

NOTE: the above examples are for illustrative purposes only and are not intended to provide accounting or tax advice. Please contact your tax advisor for specific advice or comment pertaining to your specific situation.

Other Fees
Bussing user fee: There is a bussing fee of $400 if you require bus transportation.

Student Fees: A student activity fee is required with your Tuition payment to cover the cost of special lunch days, field trips, etc. Students in Grade 6, 7, and 8 have the option of playing in the school band or being in the drama program. The activity fee for each grade is as follows:

Student Activity Fees:	JK - $25
	SK to Grade 6 - $35
	Grade 7 & 8 - $40

Band and Drama Fee
An additional fee of $200 is charged for each Grade 6, 7 and 8 student to cover the cost of the band and drama programs.

GIFTS Program fee
Volunteering is an important part of the JKCS community spirit. All families are expected to volunteer 30 hours over the course of the school year. Those families that are unable to volunteer can opt out for an additional fee of $1000.00 which will be added to your tuition and fees statement.

Christian high school reduction
If you have a student in an affiliated Christian high school as well, you may receive a 10% discount on your tuition. You must declare this information on your enrolment form to receive this discount. Failure to declare a student in an affiliated Christian high school will result in JKCS being unable to offer you this discount.

Capital Assessment
A $2,000 capital assessment is levied to all new families enrolling their children at JKCS. The capital assessment fee shares the cost of the physical structure of John Knox between generations. The capital assessment fee assists in the repayment of long-term indebtedness.

Payment of the capital assessment is required in September. If necessary, a written request can be made to the Finance Committee to have these payments spread out over three years. The capital assessment will be reduced by the amount of any membership fees and campaign donations paid in this or prior years by the family to JKCS. All capital assessments will be applied directly towards long-term indebtedness