Temple Kol Ami funds its operation through the dues paid by its members. On July 1, 2005 Temple Kol Ami changed the dues model to a simpler flat dues system. Families joining the Temple are asked to pay $1,800 (or more if they can afford it) for the fiscal year and there is no separate Building Fund Levy. The fiscal years start on July 1.
Families with at least one child in the school are asked to pay an additional $600 for school registration. Material fees and B'nai Mitzvah training are charged separately and may change year over year.
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Payment Schedule
Payments for dues and school tuition may be made over the fiscal year that runs from July 1st to June 30th each year with 40% required to be paid prior to the High Holy Days. The remaining 60% of dues may be paid throughout the balance of the Temple’s fiscal year, until May 31. Payment may be made by cheque, cash or VISA.
Charitable Donation Status
In February, all members receive a tax receipt for all qualifying payments made during the past calendar year. The income tax system provides for all Canadians, no matter what there income tax bracket may be, to receive the same tax savings from making charitable donations. As of 2004, the first $200 of annual donations are granted a tax credit of approximately 20% and all additional amounts are granted a combined federal and provincial tax credit of approximately 42%. If your $1,800 dues were your only qualified donation in the year, once the tax credit is accounted for, they would represent an out of pocket expense of less than $1,100.
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