What impact will this change in tuition have on an average family?
The average tuition increase per family is estimated to be $330 per year or $28 per month. However, a portion of tuition paid by families is also considered a donation for which a charitable tax receipt is issued. Therefore, for the majority of families, the estimated net after-tax tuition or "out-of-pocket" increase per month is only about $19, or 63 cents per day
A charitable donation receipt for tax purposes will be issued on an annual basis for the portion of tuition paid that pertains to religious instruction. The amount of this receipt varies from year to year and is calculated in accordance with the Canada Revenue Agency requirements. In recent years, on average, KCS families have benefited by receiving a charitable tax receipt equivalent to 70% - 80% of total tuition paid. This benefit may be used to reduce personal income taxes paid, and consequently, reduce the total cost of tuition. Based on 2017 tax rates, the net after-tax cost of tuition is estimated to be 68% of rates posted above.
Please review the
Tuition Payment Guidelines
which describe how and when tuition will be collected and the penalties imposed when the guidelines are not followed.
What will my family's Total Annual Tuition Fees be for 2018-2019?
The Business Office will calculate and implement tuition fees according to the family and student information on file at the February 28th, 2018 Continuous Enrollment deadline. As in the past, annual tuition is based on two factors: 1) the number of children enrolled by your family and 2) the grades of each child enrolled.
For your planning purposes, refer to the 2018-2019 Tuition Pricing Schedule above and simply add up the appropriate tuition amount for each student based upon their grade and child number starting with the oldest child first (i.e. by age in descending order).
the total annual tuition for a two child family enrolled in grades 6 and 4 would be calculated: 1st Child, Grade 6 ($6,250) + 2nd Child, Grade 4 ($3,200) = $9,450 Total Annual Tuition.
the Business Office will adjust the Total Annual Tuition fees due for any families who qualify for and are approved for Financial Aid or other Tuition Discount (Alumni, Employee, Pastoral, KCS Family Referral Program, or Tuition Scholarship).
When and how will the 2018-2019 Enrollment Fee & Tuition be paid?
The $100 Enrollment Fee will be collected March 16th, and payment of tuition for the 2018-19 school year will begin July 1st. There are two payment method options:
- Single Annual Payment either by post-dated cheque dated July 1st, 2018 or by Credit Card (VISA or MasterCard).
- 12-Month Pre-Authorized Payments where 1/12th of total annual fees will be withdrawn on the 1st day of each month starting July 1st, 2018.
Unless directed otherwise, KCS will automatically collect BOTH the annual Enrollment Fee and Tuition by the same payment method currently used, as per your family's existing financial directions on file.
If you wish to switch payment methods for 2018-2019, or if your bank account / credit card number (or expiry date) has changed, please use either of the following payment authorization forms:
To ensure timely processing of any changes in payment methods, please return completed forms to the Benvoulin campus Accounting Office no later than February 28, 2018. Please note, given increased handling costs and bank charges, monthly pre-authorized payments cannot be paid by credit card.