Thank you for exploring The Toronto Heschel School for your child(ren). We are totally committed to delivering academic excellence within the framework of the Heschel value system and dedicated to the education of the whole child.
Two vital elements for our school to achieve its objectives are to employ outstanding teachers and staff, and to provide a physical environment that is conducive to learning. Approximately 90% of tuition revenue received is allocated towards these costs. Determining next year’s tuition requires an assessment of the projected enrollment and the overall operating costs. Also, the administration keeps a close watch on overhead costs, which has allowed us to review our tuition increments favourably for parents.
We do recognize that our tuition may be difficult to manage for some families and because of this, we are committed to continuing with our tuition subsidy programme to ensure that the maximum amount of financial support possible is offered to those families who require it.
For further information on our tuition subsidy programme, please contact, Mark Abramsohn, Director of Business Operations, at 416-635-1876, ext. 225 or firstname.lastname@example.org. All inquiries will be held in the strictest confidence.
Charitable Tax Receipts for Tuition
It is important to remember that a large portion of the fees paid to The Toronto Heschel School qualify for a charitable tax receipt.
The tax receipt results in the after-tax cost of tuition being approximately 68% of the tuition amount. An example below is included to show the impact of the tax deductibility and the projected after-tax cost of tuition.
Please note that a charitable tax receipt is issued for tuition and donations that correspond to the fiscal year as determined by Canada Revenue Agency.
The entire amount of the building maintenance fee is eligible for a charitable tax receipt.
100% of any payment above the base tuition fee will qualify for a charitable tax receipt.
Thank you for your interest in our school and should you have any further questions or concerns about enrollment or the admission process, please do not hesitate to contact our Admissions Office at 416-635-1876 ext. 334 or via e-mail at email@example.com.
Example: Calculation of After-Tax Cost of Tuition
|Percentage eligible for a donation receipt (based on 2009 actuals):||71 %||$10,863|
|Tax savings as a result of credit:||46%||$5,042|
|After-tax cost of tuition:||$10, 258|
|After-tax cost of tuition as percentage of tuition paid:||68%|