An income tax is a government levy (tax) imposed on individuals or entities (taxpayers) that varies with the income or profits (taxable income) of the taxpayer. Details vary widely by jurisdiction. Many jurisdictions refer to income tax on business entities as companies tax or corporate tax. Partnerships generally are not taxed; rather, the partners are taxed on their share of partnership items. Tax may be imposed by both a country and subdivisions. Most jurisdictions exempt locally organized charitable organizations from tax.
Income tax generally is computed as the product of a tax rate times taxable income. The tax rate may increase as taxable income increases (referred to as graduated rates). Tax rates may vary by type or characteristics of the taxpayer. Capital gains may be taxed at different rates than other income. Credits of various sorts may be allowed that reduce tax. Some jurisdictions impose the higher of an income tax or a tax on an alternative base or measure of income.
Canada (i/ˈkænədə/; French: [ka.na.da]) is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98million square kilometres (3.85million square miles), making it the world's second-largest country by total area and the fourth-largest country by land area. Canada's border with the United States is the world's longest land border. Canada is sparsely populated, the majority of its land territory being dominated by forest and tundra and the Rocky Mountains; about four-fifths of the country's population of 35 million people live near the southern border. The majority of Canada has a cold or severely cold winter climate, but southerly areas are warm in summer.
The land now called Canada has been inhabited for millennia by various Aboriginal peoples. Beginning in the 15th century, British and French colonies were established on the Atlantic coast, with the first establishment of a region called "Canada" occurring in 1537. As a consequence of various conflicts, the United Kingdom gained and lost territories within British North America until left, in the late 18th century, with what mostly geographically comprises Canada today. Pursuant to the British North America Act, on July 1, 1867, the colonies of Canada, New Brunswick, and Nova Scotiajoined to form the autonomous federal Dominion of Canada. This began an accretion of provinces and territories to the self-governing Dominion to the present ten provinces and three territories forming modern Canada. In 1931, Canada achieved near total independence from the United Kingdom with the Statute of Westminster 1931, and full sovereignty was attained when the Canada Act 1982 removed the last remaining ties of legal dependence on the British parliament.
Provinces of the Anglican Church of Canada are headed by a Metropolitan, elected from among the province's diocesan bishops. This bishop then becomes Archbishop of his or her diocese and Metropolitan of the Province. The current Metropolitan of the Province of Canada is the Most Rev. Percy D. Coffin, Archbishop of Western Newfoundland.
Hey Guys!!
In this video I have explained the updated federal and provincial tax brackets that we will be paying in 2023. This video will also help you to understand how and what taxes do we pay in Canada.
Take care!
Useful Links:
Federal and provincial tax rates:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
Indexation increase:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html
My Previous Tax Related Videos:
CANADA’S TAX SYSTEM EXPLAINED IN HINDI
https://www.youtube.com/watch?v=R3MaUzS2aqM
UNDERSTAND CANADA’S TAX SYSTEM
https://www.youtube.com/watch?v=ZTLnvL...
published: 18 Jan 2023
HOW TAXES WORK IN CANADA | REDUCE YOUR TAX BILL | Canadian Tax Guide Chapter 1
How do Taxes Work in Canada? What are Tax Brackets? How can I reduce my Tax Bill with Deductions and Credits? I’ll be breaking down all of the basics of Canadian taxes for regular income, business income and investment income and I’ll go over some of the best tax saving strategies out there.
QUESTRADE REFERRAL 🇨🇦
If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!
That’s 10 free trades without any commission, $50 in savings! 👇
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TURBOTAX REFERRAL: 🇨🇦
Use my referral link to Get 15% OFF ANY TurboTax Product! 👇
https://www.tkqlhce.com/click-9191966-15709394
Remember the Tax Filing Deadline is April 30!
LOYALTY MEMBERSHIP ✨
Click the JOIN button or ...
published: 30 Dec 2019
Taxes in Canada 2021, How high are taxes in Canada | How to save some Tax Money in Canada.
In this video, we discuss taxes in Canada. I explained the difference between Federal Tax and Provincial Tax. We will calculate the basic tax and see how high actually taxes are in Canada. In addition to that, we also discuss how to save some tax money in Canada.
Please note, the source of the tax brackets is 'canada.ca' and they are for the year 2021 which may also change in the future. All the calculations in this video are for an explanation so do not use them for filing your taxes. They are only done to explain to you the tax system and this is just an educational video. Always consult an accountant for doing any tax-related work.
Tax Brackets Source: www.canada.ca
I hope this video will add some value to your life.
Videos Related to Canadian Student Life:
Learn These before comin...
published: 15 Nov 2021
2023 Canadian Taxes For Beginners | Understanding Canadian Taxes
If you're interested in securing a 50% discount for the launch of the course (Canadian Finance Pro) sign up using this link plussss you'll get a FREE e-book specially made for Canadian Finance: https://www.canadianfinancepro.com/beginners-investor-handbook
Breaking down the basics of Canadian income tax, sticking with personal taxes for this video, links to everything I've referenced here:
Links!
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/income-tax-rates/
https://www.fidelity.ca/fidca/en/taxcalculator?gclid=CjwKCAjwwqaGBhBKEiwAMk-FtJMn3lXjp4RfxSF7KsSQhQZMyn9SWhJdODNrN2v...
published: 29 Jun 2021
Tax Basics: How Taxes Work in Canada
So how exactly do taxes work in Canada?
This video explores the Canadian tax system and covers everything from what a tax bracket is to explaining how the Canada Revenue Agency (CRA) decides how much Canadians get taxed each year. Check out the TurboTax Hub to learn more: https://turbotax.intuit.ca/tips/.
Timestamps
0:00 How taxes work in Canada
00:14 Types of income
00:26 Canada’s tax structure
00:33 What is a tax bracket?
00:46 What are the provincial tax brackets?
00:54 What is a marginal tax rate?
•••••••••••••••••••••••••
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Self Employed: h...
published: 01 Apr 2022
How to Pay Less Taxes in Canada | 15 Secrets The Taxman Doesn't Want You To Know
■ 💸Not sure If you are on the right path in saving?
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https://finance.thomascchan.com/5steps
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#taxsavingtipscanada#taxsavingtips#rrsp
15 Secrets The Taxman Doesn't Want You To Know
Chapters:
00:00 intro
3:48 Secret #1 - Review withholding tax in payroll
5:09 Secret #2 - Turn bad debts into good debts
7:35 Secret #3 - Reduce income tax efficiently
8:49 Secret #4 - Registered retirement saving plan
It’s that time of the year again...
The End of 2022
And as last week you discovered tax saving tips canada people wants to know for decades.
Today, you’ll get valuable insight about how to reduce tax bill canada used to do in these years, and the...
published: 06 Nov 2022
100 Years of Income Tax in Canada
2017 marks Canada’s 150th birthday, and the 100th anniversary of the Income Tax Act! Watch our video that highlights the history and importance of the Income Tax Act, as well as the development of the CRA over the years.
published: 02 May 2017
Episode 2: How Is Income Taxed in Canada
How taxes work in Canada, including tax brackets and investment income.
The examples in the video are basic and do not include deductions and credits you may be eligible for. However, they give you a general understanding of how taxes in work in Canada. We will cover a more detailed breakdown of taxes in upcoming videos.
OTHER VIDEOS TO CHECK OUT:
DIVIDEND INVESTING FOR BEGINNERS : https://youtu.be/xjarApfs0wQ
$1,000,000 TFSA : https://youtu.be/SrpMSzdKFE0
SHOULD RICH CANADIANS PAY MORE TAX? : https://youtu.be/3x3oGbZZ4GA
HOW TO CHECK YOUR CREDIT RATING FOR FREE : https://youtu.be/1l4Mu4vuPzQ
Timestamps:
Intro: 0:00
Agenda: 0:15
How is Income Taxed?: 0:27
Tax Brackets: 1:00
Capital Gains Tax: 2:38
Dividend Tax: 3:35
Interest Tax: 4:04
PROVINCIAL TAX RATES:
CANADA REVENUE Provincial a...
published: 16 Jan 2022
Understanding Canadian Tax Brackets and Taxes in Canada (2023 Guide)
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Learn about Canadian tax brackets and taxes in Canada with our informative video. Discover how the Canadian tax system works, including the various types of taxes and how they are calculated. We'll also discuss tax brackets, which determine the rate of tax you pay based on your income. This video is perfect for new residents in Canada or those looking to brush up on their tax knowledge. By the end of this video, you'll have a clear understanding of Canadian taxes and be better equipped to navigate your tax obligations.
Tax Calculator → https://www.taxtips.ca/calculators/enhanced-basic/enhanced-basic-tax-calculator.htm
👩❤️💋👨IMPORTANT Insurance Videos ...
published: 13 Mar 2023
My PAY STUB in CANADA // PAYROLL DEDUCTIONS - Income TAX, CPP & EI // Canadian Tax Guide Ch 12
How to Read a PAY STUB in CANADA? What are the Biggest TAX CHANGES for 2023? Where does My MONEY Go? What are the PAYROLL DEDUCTIONS from My PAYCHEQUE? How Does CPP Work? What is Employment Insurance? How much is EI? What are TAXABLE BENEFITS?
I’ll be breaking down everything you need to know about your PAY STUB in Canada for 2023. These new Tax Changes are already in effect and making a difference in Your Paycheque! I’ll be sharing MY ACTUAL PAY STUBS to explain all the Deductions from your paycheque and to highlight the changes from 2022 to 2023. I’ll be breaking down how all the numbers work like Income Tax, CPP, EI (Employment Insurance), Pensions, Taxable Benefits, Disability and more! It’s so important to understand where YOUR money is going and that’s what this video is for!
CAN...
Hey Guys!!
In this video I have explained the updated federal and provincial tax brackets that we will be paying in 2023. This video will also help you to under...
Hey Guys!!
In this video I have explained the updated federal and provincial tax brackets that we will be paying in 2023. This video will also help you to understand how and what taxes do we pay in Canada.
Take care!
Useful Links:
Federal and provincial tax rates:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
Indexation increase:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html
My Previous Tax Related Videos:
CANADA’S TAX SYSTEM EXPLAINED IN HINDI
https://www.youtube.com/watch?v=R3MaUzS2aqM
UNDERSTAND CANADA’S TAX SYSTEM
https://www.youtube.com/watch?v=ZTLnvLyWPN4&t=0s&ab_channel=AmertaRoopani
MY PREVIOUS IMMIGRATION VIDEOS:
Express Entry Visa Guide (Step by Step Process)
https://www.youtube.com/watch?v=vu9en2-Tb7E&t=1s
Canada PNP Step-by-Step Process to Apply for Express Entry & Non-Express Entry PNP https://www.youtube.com/watch?v=gsgUOVFivsE&t=344s
Improve CRS Score in 2023 | Express Entry 2023 | Canada Immigration 2023
https://www.youtube.com/watch?v=l9cx8y9Q-aA&ab_channel=AmertaRoopani
How to Create Express Entry Profile | Step by Step Process
https://www.youtube.com/watch?v=NezA_fhR6PM&t=116s
AINP | Express Entry Stream 2021 | Alberta Immigrant Nominee Program https://www.youtube.com/watch?v=PzAipsktlrM&t=87s
OINP | In-Demand Skills Stream | Easiest Way to Get Canada PR
https://www.youtube.com/watch?v=-VOoZSFwIZY&t=535s
AIPP (Atlantic Immigration Pilot) | Easiest Canada Immigration Program
https://www.youtube.com/watch?v=8sfmJWb3JsQ&t=6s
Rural and Northern Immigration Pilot Program | Step-By-Step Process
https://www.youtube.com/watch?v=nDlxBrKwI7M&t=33s
Canada Study Permit | Canada Student Visa | Step By Step Process
https://www.youtube.com/watch?v=f5pvfKmqTwA&t=161s
Student Direct Stream Program (SDS)
https://www.youtube.com/watch?v=O-hJWy_LE9A&t=33s
Canada PNP | Step-by-Step Process to Apply for Express Entry & Non-Express Entry PNP
https://www.youtube.com/watch?v=gsgUOVFivsE
CRS Score | How to increase Your CRS Score
https://www.youtube.com/watch?v=I32gM1IZjzs&t=468s
Canada Express Entry | Step-by-Step Process
https://www.youtube.com/watch?v=vu9en2-Tb7E
Terms used:
Income tax
sales tax
Canada tax
Canada tax 2022
How much income tax do we pay in Canada?
Why do we pay taxes in Canada?
Canada updates
Big change in Canada tax
Canada life
Life in Canada
Canada vlog
Canada immigration
Canada PR
Things to know before moving to Canada
Net Pay Canada
tax brackets Canada
How to file tax in Canada
GST
PST
HST
Ontario
Canada Provincial tax
Canada federal tax
#canadatax #canadataxes2023 #canadatax2022 #canadanews #canadaincometax #canadaimmigration2023 #canadalife #canadabigupdate #tax2023 #CRA #amertaroopani
Hey Guys!!
In this video I have explained the updated federal and provincial tax brackets that we will be paying in 2023. This video will also help you to understand how and what taxes do we pay in Canada.
Take care!
Useful Links:
Federal and provincial tax rates:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
Indexation increase:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html
My Previous Tax Related Videos:
CANADA’S TAX SYSTEM EXPLAINED IN HINDI
https://www.youtube.com/watch?v=R3MaUzS2aqM
UNDERSTAND CANADA’S TAX SYSTEM
https://www.youtube.com/watch?v=ZTLnvLyWPN4&t=0s&ab_channel=AmertaRoopani
MY PREVIOUS IMMIGRATION VIDEOS:
Express Entry Visa Guide (Step by Step Process)
https://www.youtube.com/watch?v=vu9en2-Tb7E&t=1s
Canada PNP Step-by-Step Process to Apply for Express Entry & Non-Express Entry PNP https://www.youtube.com/watch?v=gsgUOVFivsE&t=344s
Improve CRS Score in 2023 | Express Entry 2023 | Canada Immigration 2023
https://www.youtube.com/watch?v=l9cx8y9Q-aA&ab_channel=AmertaRoopani
How to Create Express Entry Profile | Step by Step Process
https://www.youtube.com/watch?v=NezA_fhR6PM&t=116s
AINP | Express Entry Stream 2021 | Alberta Immigrant Nominee Program https://www.youtube.com/watch?v=PzAipsktlrM&t=87s
OINP | In-Demand Skills Stream | Easiest Way to Get Canada PR
https://www.youtube.com/watch?v=-VOoZSFwIZY&t=535s
AIPP (Atlantic Immigration Pilot) | Easiest Canada Immigration Program
https://www.youtube.com/watch?v=8sfmJWb3JsQ&t=6s
Rural and Northern Immigration Pilot Program | Step-By-Step Process
https://www.youtube.com/watch?v=nDlxBrKwI7M&t=33s
Canada Study Permit | Canada Student Visa | Step By Step Process
https://www.youtube.com/watch?v=f5pvfKmqTwA&t=161s
Student Direct Stream Program (SDS)
https://www.youtube.com/watch?v=O-hJWy_LE9A&t=33s
Canada PNP | Step-by-Step Process to Apply for Express Entry & Non-Express Entry PNP
https://www.youtube.com/watch?v=gsgUOVFivsE
CRS Score | How to increase Your CRS Score
https://www.youtube.com/watch?v=I32gM1IZjzs&t=468s
Canada Express Entry | Step-by-Step Process
https://www.youtube.com/watch?v=vu9en2-Tb7E
Terms used:
Income tax
sales tax
Canada tax
Canada tax 2022
How much income tax do we pay in Canada?
Why do we pay taxes in Canada?
Canada updates
Big change in Canada tax
Canada life
Life in Canada
Canada vlog
Canada immigration
Canada PR
Things to know before moving to Canada
Net Pay Canada
tax brackets Canada
How to file tax in Canada
GST
PST
HST
Ontario
Canada Provincial tax
Canada federal tax
#canadatax #canadataxes2023 #canadatax2022 #canadanews #canadaincometax #canadaimmigration2023 #canadalife #canadabigupdate #tax2023 #CRA #amertaroopani
How do Taxes Work in Canada? What are Tax Brackets? How can I reduce my Tax Bill with Deductions and Credits? I’ll be breaking down all of the basics of Canadia...
How do Taxes Work in Canada? What are Tax Brackets? How can I reduce my Tax Bill with Deductions and Credits? I’ll be breaking down all of the basics of Canadian taxes for regular income, business income and investment income and I’ll go over some of the best tax saving strategies out there.
QUESTRADE REFERRAL 🇨🇦
If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!
That’s 10 free trades without any commission, $50 in savings! 👇
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TURBOTAX REFERRAL: 🇨🇦
Use my referral link to Get 15% OFF ANY TurboTax Product! 👇
https://www.tkqlhce.com/click-9191966-15709394
Remember the Tax Filing Deadline is April 30!
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https://youtu.be/tFYP5kWXsB0
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Join Wealthsimple and get a bonus of $5 to $3,000 when you sign up with my link 👇
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SKIP AHEAD: ⏩
-Intro: 0:00
-Tax Basics: 0:21
-Tax Brackets: 0:44
-Marginal Tax Rate: 1:28
-Tax Calculation Example: 2:34
-Online Tax Calculator: 6:06
-Business Income: 8:02
-Investment Income: 8:20
-Tax Credits: 9:22
-Tax Deductions: 10:51
-RRSP - 11:54
-Business Expenses: 12:59
TAX CALCULATOR: 💸
https://www.eytaxcalculators.com/en/2023-personal-tax-calculator.html
WATCH NEXT: ▶️
-TFSA Explained Investing Tax Free - https://youtu.be/i_bWf1NyUbE
-RRSP Explained: Deductions & Contributions - https://youtu.be/bKMNgnMBSdE
-What is Stock Market Investing - https://youtu.be/x_c0YQYEd0g
-What is an ETF? Diversify Your Portfolio - https://youtu.be/48d7R9MTzlI
-Top 3 Dividend Stocks in Canada - https://youtu.be/G_TF2wyqn9s
-How to Buy Stocks on Questrade - https://youtu.be/_V2yBWwOZX4
-Best Canadian ETFs for Dividends - https://youtu.be/hXrN5EVCp8Y
-How to Buy US Stocks on Questrade - https://youtu.be/CuVqfQomSPc
-4 Steps to Become Wealthy - https://youtu.be/mwfdlM7z9YY
I hope this video helps guide you through the world of Taxes!
Be sure to subscribe to my channel for more videos on investing, personal finance and money saving strategies. I’ll be posting a video every week =)
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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decisions!
I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
DISCLAIMER: Links included in this description may contain affiliate links.
I will only ever suggest services or products that I use myself and I personally believe in.
If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you!
Thank you for supporting The Canadian in a T-Shirt! =)
#CanadianTaxes #CanadianFinance #CanadianTaxGuide #TaxFreeCanada #TaxFreeInvesting #CanadianInvesting #CRA
How do Taxes Work in Canada? What are Tax Brackets? How can I reduce my Tax Bill with Deductions and Credits? I’ll be breaking down all of the basics of Canadian taxes for regular income, business income and investment income and I’ll go over some of the best tax saving strategies out there.
QUESTRADE REFERRAL 🇨🇦
If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!
That’s 10 free trades without any commission, $50 in savings! 👇
https://questrade.sjv.io/CANADIANTSHIRT
TURBOTAX REFERRAL: 🇨🇦
Use my referral link to Get 15% OFF ANY TurboTax Product! 👇
https://www.tkqlhce.com/click-9191966-15709394
Remember the Tax Filing Deadline is April 30!
LOYALTY MEMBERSHIP ✨
Click the JOIN button or the link below to gain access to my exclusive content! 👇
https://youtube.com/c/CanadianinaTShirt/join
Thank you guys for supporting my channel, you’re the best! 🙏
BLOSSOM SOCIAL 🌸🇨🇦
Follow me on Blossom to see my Portfolio & Trades for FREE 👇
https://blossomsocialapp.page.link/canadiantshirt
Watch my BLOSSOM ANNOUNCEMENT video for details 👇
https://youtu.be/tFYP5kWXsB0
Best SAVINGS ACCOUNT in 2024 - EQ BANK 🏦
Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance!
Use my referral link below to sign up 👇
https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0
WEALTHSIMPLE TRADE REFERRAL 💰
Join Wealthsimple and get a bonus of $5 to $3,000 when you sign up with my link 👇
https://my.wealthsimple.com/app/public/trade-referral-signup?code=P0A-UQ
SKIP AHEAD: ⏩
-Intro: 0:00
-Tax Basics: 0:21
-Tax Brackets: 0:44
-Marginal Tax Rate: 1:28
-Tax Calculation Example: 2:34
-Online Tax Calculator: 6:06
-Business Income: 8:02
-Investment Income: 8:20
-Tax Credits: 9:22
-Tax Deductions: 10:51
-RRSP - 11:54
-Business Expenses: 12:59
TAX CALCULATOR: 💸
https://www.eytaxcalculators.com/en/2023-personal-tax-calculator.html
WATCH NEXT: ▶️
-TFSA Explained Investing Tax Free - https://youtu.be/i_bWf1NyUbE
-RRSP Explained: Deductions & Contributions - https://youtu.be/bKMNgnMBSdE
-What is Stock Market Investing - https://youtu.be/x_c0YQYEd0g
-What is an ETF? Diversify Your Portfolio - https://youtu.be/48d7R9MTzlI
-Top 3 Dividend Stocks in Canada - https://youtu.be/G_TF2wyqn9s
-How to Buy Stocks on Questrade - https://youtu.be/_V2yBWwOZX4
-Best Canadian ETFs for Dividends - https://youtu.be/hXrN5EVCp8Y
-How to Buy US Stocks on Questrade - https://youtu.be/CuVqfQomSPc
-4 Steps to Become Wealthy - https://youtu.be/mwfdlM7z9YY
I hope this video helps guide you through the world of Taxes!
Be sure to subscribe to my channel for more videos on investing, personal finance and money saving strategies. I’ll be posting a video every week =)
FOLLOW ME HERE:
Facebook: https://www.facebook.com/CanadianTShirt
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I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
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#CanadianTaxes #CanadianFinance #CanadianTaxGuide #TaxFreeCanada #TaxFreeInvesting #CanadianInvesting #CRA
In this video, we discuss taxes in Canada. I explained the difference between Federal Tax and Provincial Tax. We will calculate the basic tax and see how high a...
In this video, we discuss taxes in Canada. I explained the difference between Federal Tax and Provincial Tax. We will calculate the basic tax and see how high actually taxes are in Canada. In addition to that, we also discuss how to save some tax money in Canada.
Please note, the source of the tax brackets is 'canada.ca' and they are for the year 2021 which may also change in the future. All the calculations in this video are for an explanation so do not use them for filing your taxes. They are only done to explain to you the tax system and this is just an educational video. Always consult an accountant for doing any tax-related work.
Tax Brackets Source: www.canada.ca
I hope this video will add some value to your life.
Videos Related to Canadian Student Life:
Learn These before coming to Canada: https://www.youtube.com/watch?v=ct-O9IYkc2E
How I got 3 job offers in Canada: https://www.youtube.com/watch?v=tJqncn7ecnQ
Scope or Demand of your Course/Profession in Canada:
https://youtu.be/VeYWKD8HA_g
Succeed as an International Student in Canada: https://www.youtube.com/watch?v=PKvovMBDrEs
Don't do these mistakes as an International Student in Canada: https://www.youtube.com/watch?v=YuBVim-Z7EY
Things to do when applying for a Canadian student visa: https://www.youtube.com/watch?v=8D-lsBBvQo8
Myths about Student Life in Canada:
https://www.youtube.com/watch?v=XOHrrc2nBZ4
Part-Time Jobs:
Highest Paying Part-Time Jobs for International Students in Canada: https://www.youtube.com/watch?v=bkHJCz62tXk
How to work more than 20 hrs/week as an International Student in Canada: https://www.youtube.com/watch?v=JFtanJ7ZLQo&t=249s
Should you work more than 20 hours/week as an international student in Canada?: https://www.youtube.com/watch?v=BqZcLCE4ZyY
Finances for International Students:
Everything an international student should know about GIC in Canada: https://www.youtube.com/watch?v=y0wgsTRn77g
8 Major expenses in Canada in the first month as an International Student or Permanent Resident.: https://www.youtube.com/watch?v=sjLXa2uMXRk
Worst Intake for Canada: https://www.youtube.com/watch?v=bRhY_aK59pY
Disclaimer:
Please note, I am NOT an immigration consultant. I am NOT a financial advisor. I am NOT affiliated with any government organization. Any information shared in this video is based on my own experience, opinion, and research and hence should not be considered legal advice. I assume no liability for how the information in this video is used or interpreted and hence take no responsibility for any decisions that are made with regards to your application or life based on the information shared in this video. Your commitment to your application or life is critical so please do your own research before making any kind of decision. I am just a random guy on youtube sharing my experience.
Cheers
Gursahib
In this video, we discuss taxes in Canada. I explained the difference between Federal Tax and Provincial Tax. We will calculate the basic tax and see how high actually taxes are in Canada. In addition to that, we also discuss how to save some tax money in Canada.
Please note, the source of the tax brackets is 'canada.ca' and they are for the year 2021 which may also change in the future. All the calculations in this video are for an explanation so do not use them for filing your taxes. They are only done to explain to you the tax system and this is just an educational video. Always consult an accountant for doing any tax-related work.
Tax Brackets Source: www.canada.ca
I hope this video will add some value to your life.
Videos Related to Canadian Student Life:
Learn These before coming to Canada: https://www.youtube.com/watch?v=ct-O9IYkc2E
How I got 3 job offers in Canada: https://www.youtube.com/watch?v=tJqncn7ecnQ
Scope or Demand of your Course/Profession in Canada:
https://youtu.be/VeYWKD8HA_g
Succeed as an International Student in Canada: https://www.youtube.com/watch?v=PKvovMBDrEs
Don't do these mistakes as an International Student in Canada: https://www.youtube.com/watch?v=YuBVim-Z7EY
Things to do when applying for a Canadian student visa: https://www.youtube.com/watch?v=8D-lsBBvQo8
Myths about Student Life in Canada:
https://www.youtube.com/watch?v=XOHrrc2nBZ4
Part-Time Jobs:
Highest Paying Part-Time Jobs for International Students in Canada: https://www.youtube.com/watch?v=bkHJCz62tXk
How to work more than 20 hrs/week as an International Student in Canada: https://www.youtube.com/watch?v=JFtanJ7ZLQo&t=249s
Should you work more than 20 hours/week as an international student in Canada?: https://www.youtube.com/watch?v=BqZcLCE4ZyY
Finances for International Students:
Everything an international student should know about GIC in Canada: https://www.youtube.com/watch?v=y0wgsTRn77g
8 Major expenses in Canada in the first month as an International Student or Permanent Resident.: https://www.youtube.com/watch?v=sjLXa2uMXRk
Worst Intake for Canada: https://www.youtube.com/watch?v=bRhY_aK59pY
Disclaimer:
Please note, I am NOT an immigration consultant. I am NOT a financial advisor. I am NOT affiliated with any government organization. Any information shared in this video is based on my own experience, opinion, and research and hence should not be considered legal advice. I assume no liability for how the information in this video is used or interpreted and hence take no responsibility for any decisions that are made with regards to your application or life based on the information shared in this video. Your commitment to your application or life is critical so please do your own research before making any kind of decision. I am just a random guy on youtube sharing my experience.
Cheers
Gursahib
If you're interested in securing a 50% discount for the launch of the course (Canadian Finance Pro) sign up using this link plussss you'll get a FREE e-book spe...
If you're interested in securing a 50% discount for the launch of the course (Canadian Finance Pro) sign up using this link plussss you'll get a FREE e-book specially made for Canadian Finance: https://www.canadianfinancepro.com/beginners-investor-handbook
Breaking down the basics of Canadian income tax, sticking with personal taxes for this video, links to everything I've referenced here:
Links!
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/income-tax-rates/
https://www.fidelity.ca/fidca/en/taxcalculator?gclid=CjwKCAjwwqaGBhBKEiwAMk-FtJMn3lXjp4RfxSF7KsSQhQZMyn9SWhJdODNrN2vc66iCbJqzd13QrRoCau4QAvD_BwE&ef_id=CjwKCAjwwqaGBhBKEiwAMk-FtJMn3lXjp4RfxSF7KsSQhQZMyn9SWhJdODNrN2vc66iCbJqzd13QrRoCau4QAvD_BwE:G:s&s_kwcid=AL!10784!3!490978807916!p!!g!!income%20tax%20calculator!11969289573!118597061969
https://www.wealthsimple.com/en-us/tool/tax-calculator/
https://www.eytaxcalculators.com/en/2021-personal-tax-calculator.html
https://www.taxtips.ca/taxrates/on.htm
https://www.pwc.com/ca/en/services/tax/personal-tax/calculator/tax-calculator-2020.html
https://ca.talent.com/tax-calculator?salary=100000&from=year®ion=Ontario
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions.html
0:00 Intro
1:03 Summary Of Topics Covered
1:14 Intro To Canadian Taxes
3:13 Non-taxable Items
5:03 Personal Taxes
10:45 Types Of Income
15:16 Tax Credits
Canadian Taxes For Beginners | Understanding Canadian Taxes
New Videos Every Week - Subscribe Here: http://bit.ly/SubBassemZahili
Follow me on Instagram: http://instagram.com/bassemzahili
Follow me on Twitter: http://twitter.com/bassemzahili
-
Hey guys, welcome to the channel I'm a full time Chartered Accountant as well as a part time Real Estate agent with a background in finance, investing, budgeting and of course, real estate.
I've been on a personal mission for the last 10 years to build multiple streams of income, including both passive and active income. On this journey, I've gained a ton of domain knowledge about personal finance and investments that I would love to share.
My goal for this channel is to help you understand basic taxes, personal finance, investing, budgeting and expense management.
If you're interested in securing a 50% discount for the launch of the course (Canadian Finance Pro) sign up using this link plussss you'll get a FREE e-book specially made for Canadian Finance: https://www.canadianfinancepro.com/beginners-investor-handbook
Breaking down the basics of Canadian income tax, sticking with personal taxes for this video, links to everything I've referenced here:
Links!
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/income-tax-rates/
https://www.fidelity.ca/fidca/en/taxcalculator?gclid=CjwKCAjwwqaGBhBKEiwAMk-FtJMn3lXjp4RfxSF7KsSQhQZMyn9SWhJdODNrN2vc66iCbJqzd13QrRoCau4QAvD_BwE&ef_id=CjwKCAjwwqaGBhBKEiwAMk-FtJMn3lXjp4RfxSF7KsSQhQZMyn9SWhJdODNrN2vc66iCbJqzd13QrRoCau4QAvD_BwE:G:s&s_kwcid=AL!10784!3!490978807916!p!!g!!income%20tax%20calculator!11969289573!118597061969
https://www.wealthsimple.com/en-us/tool/tax-calculator/
https://www.eytaxcalculators.com/en/2021-personal-tax-calculator.html
https://www.taxtips.ca/taxrates/on.htm
https://www.pwc.com/ca/en/services/tax/personal-tax/calculator/tax-calculator-2020.html
https://ca.talent.com/tax-calculator?salary=100000&from=year®ion=Ontario
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions.html
0:00 Intro
1:03 Summary Of Topics Covered
1:14 Intro To Canadian Taxes
3:13 Non-taxable Items
5:03 Personal Taxes
10:45 Types Of Income
15:16 Tax Credits
Canadian Taxes For Beginners | Understanding Canadian Taxes
New Videos Every Week - Subscribe Here: http://bit.ly/SubBassemZahili
Follow me on Instagram: http://instagram.com/bassemzahili
Follow me on Twitter: http://twitter.com/bassemzahili
-
Hey guys, welcome to the channel I'm a full time Chartered Accountant as well as a part time Real Estate agent with a background in finance, investing, budgeting and of course, real estate.
I've been on a personal mission for the last 10 years to build multiple streams of income, including both passive and active income. On this journey, I've gained a ton of domain knowledge about personal finance and investments that I would love to share.
My goal for this channel is to help you understand basic taxes, personal finance, investing, budgeting and expense management.
So how exactly do taxes work in Canada?
This video explores the Canadian tax system and covers everything from what a tax bracket is to explaining how the Can...
So how exactly do taxes work in Canada?
This video explores the Canadian tax system and covers everything from what a tax bracket is to explaining how the Canada Revenue Agency (CRA) decides how much Canadians get taxed each year. Check out the TurboTax Hub to learn more: https://turbotax.intuit.ca/tips/.
Timestamps
0:00 How taxes work in Canada
00:14 Types of income
00:26 Canada’s tax structure
00:33 What is a tax bracket?
00:46 What are the provincial tax brackets?
00:54 What is a marginal tax rate?
•••••••••••••••••••••••••
Download our App here: https://intuit.me/38PLJmH
See our Products here: https://intuit.me/3xqtvSP
TurboTax Live: http://intuit.me/3rgSIJw
TurboTax Live Full Service: http://intuit.me/3baak4m
TurboTax Assist & Review: http://intuit.me/3rgNyx9
Self Employed: https://intuit.me/3KF2XBp
Get More Tax Tips here: https://intuit.me/3JEH4k7
Join the TurboTax Community: https://intuit.me/3KHDNll
Tax Calculator: https://intuit.me/3uDE2Z9
Follow us on our social channels!
Facebook: https://intuit.me/3jBwWy8
Instagram: https://intuit.me/3E8Odbt
TikTok: https://intuit.me/3vhQUn2
Twitter: https://intuit.me/3EcE8di
Pinterest: https://intuit.me/3jCgu0G
So how exactly do taxes work in Canada?
This video explores the Canadian tax system and covers everything from what a tax bracket is to explaining how the Canada Revenue Agency (CRA) decides how much Canadians get taxed each year. Check out the TurboTax Hub to learn more: https://turbotax.intuit.ca/tips/.
Timestamps
0:00 How taxes work in Canada
00:14 Types of income
00:26 Canada’s tax structure
00:33 What is a tax bracket?
00:46 What are the provincial tax brackets?
00:54 What is a marginal tax rate?
•••••••••••••••••••••••••
Download our App here: https://intuit.me/38PLJmH
See our Products here: https://intuit.me/3xqtvSP
TurboTax Live: http://intuit.me/3rgSIJw
TurboTax Live Full Service: http://intuit.me/3baak4m
TurboTax Assist & Review: http://intuit.me/3rgNyx9
Self Employed: https://intuit.me/3KF2XBp
Get More Tax Tips here: https://intuit.me/3JEH4k7
Join the TurboTax Community: https://intuit.me/3KHDNll
Tax Calculator: https://intuit.me/3uDE2Z9
Follow us on our social channels!
Facebook: https://intuit.me/3jBwWy8
Instagram: https://intuit.me/3E8Odbt
TikTok: https://intuit.me/3vhQUn2
Twitter: https://intuit.me/3EcE8di
Pinterest: https://intuit.me/3jCgu0G
■ 💸Not sure If you are on the right path in saving?
💪 Download this FREE Financial Clarity Checklist:
https://finance.thomascchan.com/5steps
■ 💰Book a 30 m...
■ 💸Not sure If you are on the right path in saving?
💪 Download this FREE Financial Clarity Checklist:
https://finance.thomascchan.com/5steps
■ 💰Book a 30 min Complimentary Consult with Thomas 🕵
https://finance.thomascchan.com/consult
#taxsavingtipscanada#taxsavingtips#rrsp
15 Secrets The Taxman Doesn't Want You To Know
Chapters:
00:00 intro
3:48 Secret #1 - Review withholding tax in payroll
5:09 Secret #2 - Turn bad debts into good debts
7:35 Secret #3 - Reduce income tax efficiently
8:49 Secret #4 - Registered retirement saving plan
It’s that time of the year again...
The End of 2022
And as last week you discovered tax saving tips canada people wants to know for decades.
Today, you’ll get valuable insight about how to reduce tax bill canada used to do in these years, and there is even more than the canadian tax deductions.
If you’ve been watching my channel for a while, you’ll know that I have been talking about the book called “15 secrets the taxman doesn't want you to know”.
I think back to when I see people seeking for the ways to do tax saving in canada. There is only a little known ways to lower down your taxes.
tax deduction in canada is hard for sure, that’s why today’s video will show you some tax reduction methods that you may never hear about before, not just about how to reduce tax, but also something you can use when you are doing tax filing in canada.
I was taught by this book about how to pay less taxes in canada with its incredible tax tips, tax saving tips in canada, and even how to save taxes and how to avoid taxes in canada.
If you want to know more about how to lower taxes in canada, this video is your only option.
Enjoy!
.....
🗣 Feeling stressed regards to your current finance?
Learn 5 EFFECTIVE ways to Boost your Financial Immune System
Download this FREE, EASY, Step-by-Step checklist 🔊
https://finance.thomascchan.com/5steps
_____
Looking for Mortgage, Accounting, Legal Advice?
Connect with Thomas: https://bit.ly/2FFUX6T
Want to know how Insurance works in Canada?
Insurance 101 in Canada: https://bit.ly/2T4dCfs
Is Your Saving On track with your financial goal?
Investment 101 in Canada: https://bit.ly/35ai16f
The secrets all wealthy people know:
Financial Freedom 101: https://bit.ly/3j5XuER
Our Right and Duty in Canada:
Taxes and Benefits in Canada: https://bit.ly/3dEaGjt
-----------
In the past 10 years, Thomas C Chan been focus on helping Canadians to develop for their financial success, with advice about investments and insurance, such as life insurance, critical illness insurance, and disability insurance.
Whether you want to know more about tax saving, retirement planning, or financial growth, Thomas can bring clarity on your retirement, wealth, and insurance. He understands the life stages and challenges that people are going through.
In Canada, you have many options for savings and investment vehicles, such as the RRSP and TFSA. To figure out how to take advantage of your options, Thomas can help you figure out what best suits YOUR financial needs. If you are interested in learning about how money works, and how to work with money, check out his videos!
Facebook|https://fb.me/ThomaswithNovella
Mail|[email protected]
■ 💸Not sure If you are on the right path in saving?
💪 Download this FREE Financial Clarity Checklist:
https://finance.thomascchan.com/5steps
■ 💰Book a 30 min Complimentary Consult with Thomas 🕵
https://finance.thomascchan.com/consult
#taxsavingtipscanada#taxsavingtips#rrsp
15 Secrets The Taxman Doesn't Want You To Know
Chapters:
00:00 intro
3:48 Secret #1 - Review withholding tax in payroll
5:09 Secret #2 - Turn bad debts into good debts
7:35 Secret #3 - Reduce income tax efficiently
8:49 Secret #4 - Registered retirement saving plan
It’s that time of the year again...
The End of 2022
And as last week you discovered tax saving tips canada people wants to know for decades.
Today, you’ll get valuable insight about how to reduce tax bill canada used to do in these years, and there is even more than the canadian tax deductions.
If you’ve been watching my channel for a while, you’ll know that I have been talking about the book called “15 secrets the taxman doesn't want you to know”.
I think back to when I see people seeking for the ways to do tax saving in canada. There is only a little known ways to lower down your taxes.
tax deduction in canada is hard for sure, that’s why today’s video will show you some tax reduction methods that you may never hear about before, not just about how to reduce tax, but also something you can use when you are doing tax filing in canada.
I was taught by this book about how to pay less taxes in canada with its incredible tax tips, tax saving tips in canada, and even how to save taxes and how to avoid taxes in canada.
If you want to know more about how to lower taxes in canada, this video is your only option.
Enjoy!
.....
🗣 Feeling stressed regards to your current finance?
Learn 5 EFFECTIVE ways to Boost your Financial Immune System
Download this FREE, EASY, Step-by-Step checklist 🔊
https://finance.thomascchan.com/5steps
_____
Looking for Mortgage, Accounting, Legal Advice?
Connect with Thomas: https://bit.ly/2FFUX6T
Want to know how Insurance works in Canada?
Insurance 101 in Canada: https://bit.ly/2T4dCfs
Is Your Saving On track with your financial goal?
Investment 101 in Canada: https://bit.ly/35ai16f
The secrets all wealthy people know:
Financial Freedom 101: https://bit.ly/3j5XuER
Our Right and Duty in Canada:
Taxes and Benefits in Canada: https://bit.ly/3dEaGjt
-----------
In the past 10 years, Thomas C Chan been focus on helping Canadians to develop for their financial success, with advice about investments and insurance, such as life insurance, critical illness insurance, and disability insurance.
Whether you want to know more about tax saving, retirement planning, or financial growth, Thomas can bring clarity on your retirement, wealth, and insurance. He understands the life stages and challenges that people are going through.
In Canada, you have many options for savings and investment vehicles, such as the RRSP and TFSA. To figure out how to take advantage of your options, Thomas can help you figure out what best suits YOUR financial needs. If you are interested in learning about how money works, and how to work with money, check out his videos!
Facebook|https://fb.me/ThomaswithNovella
Mail|[email protected]
2017 marks Canada’s 150th birthday, and the 100th anniversary of the Income Tax Act! Watch our video that highlights the history and importance of the Income Ta...
2017 marks Canada’s 150th birthday, and the 100th anniversary of the Income Tax Act! Watch our video that highlights the history and importance of the Income Tax Act, as well as the development of the CRA over the years.
2017 marks Canada’s 150th birthday, and the 100th anniversary of the Income Tax Act! Watch our video that highlights the history and importance of the Income Tax Act, as well as the development of the CRA over the years.
How taxes work in Canada, including tax brackets and investment income.
The examples in the video are basic and do not include deductions and credits you may b...
How taxes work in Canada, including tax brackets and investment income.
The examples in the video are basic and do not include deductions and credits you may be eligible for. However, they give you a general understanding of how taxes in work in Canada. We will cover a more detailed breakdown of taxes in upcoming videos.
OTHER VIDEOS TO CHECK OUT:
DIVIDEND INVESTING FOR BEGINNERS : https://youtu.be/xjarApfs0wQ
$1,000,000 TFSA : https://youtu.be/SrpMSzdKFE0
SHOULD RICH CANADIANS PAY MORE TAX? : https://youtu.be/3x3oGbZZ4GA
HOW TO CHECK YOUR CREDIT RATING FOR FREE : https://youtu.be/1l4Mu4vuPzQ
Timestamps:
Intro: 0:00
Agenda: 0:15
How is Income Taxed?: 0:27
Tax Brackets: 1:00
Capital Gains Tax: 2:38
Dividend Tax: 3:35
Interest Tax: 4:04
PROVINCIAL TAX RATES:
CANADA REVENUE Provincial and territorial tax rates for 2021:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
// LINKS
Weekly blog, resources & tools: https://theindependentdollar.com
Follow The Independent Dollar on Twitter: https://twitter.com/IndepDollar
***** IS THERE A TOPIC YOU WOULD LIKE TO LEARN MORE ABOUT? LET US KNOW IN THE COMMENTS*****
How taxes work in Canada, including tax brackets and investment income.
The examples in the video are basic and do not include deductions and credits you may be eligible for. However, they give you a general understanding of how taxes in work in Canada. We will cover a more detailed breakdown of taxes in upcoming videos.
OTHER VIDEOS TO CHECK OUT:
DIVIDEND INVESTING FOR BEGINNERS : https://youtu.be/xjarApfs0wQ
$1,000,000 TFSA : https://youtu.be/SrpMSzdKFE0
SHOULD RICH CANADIANS PAY MORE TAX? : https://youtu.be/3x3oGbZZ4GA
HOW TO CHECK YOUR CREDIT RATING FOR FREE : https://youtu.be/1l4Mu4vuPzQ
Timestamps:
Intro: 0:00
Agenda: 0:15
How is Income Taxed?: 0:27
Tax Brackets: 1:00
Capital Gains Tax: 2:38
Dividend Tax: 3:35
Interest Tax: 4:04
PROVINCIAL TAX RATES:
CANADA REVENUE Provincial and territorial tax rates for 2021:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
// LINKS
Weekly blog, resources & tools: https://theindependentdollar.com
Follow The Independent Dollar on Twitter: https://twitter.com/IndepDollar
***** IS THERE A TOPIC YOU WOULD LIKE TO LEARN MORE ABOUT? LET US KNOW IN THE COMMENTS*****
❗Online Life Insurance Recommendation and Instant Quote❗
Compare Term Life Insurance Quotes Online in Seconds → http://bit.ly/3TWJLma
Learn about Canadian tax ...
❗Online Life Insurance Recommendation and Instant Quote❗
Compare Term Life Insurance Quotes Online in Seconds → http://bit.ly/3TWJLma
Learn about Canadian tax brackets and taxes in Canada with our informative video. Discover how the Canadian tax system works, including the various types of taxes and how they are calculated. We'll also discuss tax brackets, which determine the rate of tax you pay based on your income. This video is perfect for new residents in Canada or those looking to brush up on their tax knowledge. By the end of this video, you'll have a clear understanding of Canadian taxes and be better equipped to navigate your tax obligations.
Tax Calculator → https://www.taxtips.ca/calculators/enhanced-basic/enhanced-basic-tax-calculator.htm
👩❤️💋👨IMPORTANT Insurance Videos for Canadians👩❤️💋👨
Life Insurance 101 In Canada → https://youtu.be/gmSswWLG9dw
Term VS Permanent → https://youtu.be/Nn8dQvzyE70
Types of Life Insurance Explained → https://youtu.be/rgN2RVHRWpM
Is Life Insurance a Good Investment → https://youtu.be/oUG6yfy7iv8
Mortgage Insurance Explained → https://youtu.be/3_BgryuR0bE
🗂️IMPORTANT Tax Videos for Canadians🗂️
How Taxes Work in Canada → https://youtu.be/lbUcoEMv6a0
RRSP Explained (Complete Guide for Beginners 2022) → https://youtu.be/isBAh1q2W1o
TFSA Explained (Complete Guide for Beginners 2022) → https://youtu.be/oE7_4bwQVzY
RRSP vs TFSA (Complete Guide for Beginners 2022) → https://youtu.be/BFJiRATu7DU
🟦About Affinity Life🟦
Affinity Life is an online life insurance platform dedicated to busy Canadians. We believe you shouldn’t have to run through a sales gauntlet to obtain life insurance to protect your family. We’re setting out to finally revolutionize and innovate in an industry that hasn’t significantly changed in the last 100 years. We hope you can join us on our journey. Founded in 2020 and headquartered in Calgary, AB, Affinity Life is 100% founder-owned.
#lifeinsurance #lifeinsuranceCanada
📣Follow Us on Social Media📣
Facebook → https://www.facebook.com/AffinityLifeInsurance
Instagram → https://www.instagram.com/affinitylifecanada/
LinkedIn → https://www.linkedin.com/company/affinity-life/
❗Online Life Insurance Recommendation and Instant Quote❗
Compare Term Life Insurance Quotes Online in Seconds → http://bit.ly/3TWJLma
Learn about Canadian tax brackets and taxes in Canada with our informative video. Discover how the Canadian tax system works, including the various types of taxes and how they are calculated. We'll also discuss tax brackets, which determine the rate of tax you pay based on your income. This video is perfect for new residents in Canada or those looking to brush up on their tax knowledge. By the end of this video, you'll have a clear understanding of Canadian taxes and be better equipped to navigate your tax obligations.
Tax Calculator → https://www.taxtips.ca/calculators/enhanced-basic/enhanced-basic-tax-calculator.htm
👩❤️💋👨IMPORTANT Insurance Videos for Canadians👩❤️💋👨
Life Insurance 101 In Canada → https://youtu.be/gmSswWLG9dw
Term VS Permanent → https://youtu.be/Nn8dQvzyE70
Types of Life Insurance Explained → https://youtu.be/rgN2RVHRWpM
Is Life Insurance a Good Investment → https://youtu.be/oUG6yfy7iv8
Mortgage Insurance Explained → https://youtu.be/3_BgryuR0bE
🗂️IMPORTANT Tax Videos for Canadians🗂️
How Taxes Work in Canada → https://youtu.be/lbUcoEMv6a0
RRSP Explained (Complete Guide for Beginners 2022) → https://youtu.be/isBAh1q2W1o
TFSA Explained (Complete Guide for Beginners 2022) → https://youtu.be/oE7_4bwQVzY
RRSP vs TFSA (Complete Guide for Beginners 2022) → https://youtu.be/BFJiRATu7DU
🟦About Affinity Life🟦
Affinity Life is an online life insurance platform dedicated to busy Canadians. We believe you shouldn’t have to run through a sales gauntlet to obtain life insurance to protect your family. We’re setting out to finally revolutionize and innovate in an industry that hasn’t significantly changed in the last 100 years. We hope you can join us on our journey. Founded in 2020 and headquartered in Calgary, AB, Affinity Life is 100% founder-owned.
#lifeinsurance #lifeinsuranceCanada
📣Follow Us on Social Media📣
Facebook → https://www.facebook.com/AffinityLifeInsurance
Instagram → https://www.instagram.com/affinitylifecanada/
LinkedIn → https://www.linkedin.com/company/affinity-life/
How to Read a PAY STUB in CANADA? What are the Biggest TAX CHANGES for 2023? Where does My MONEY Go? What are the PAYROLL DEDUCTIONS from My PAYCHEQUE? How Does...
How to Read a PAY STUB in CANADA? What are the Biggest TAX CHANGES for 2023? Where does My MONEY Go? What are the PAYROLL DEDUCTIONS from My PAYCHEQUE? How Does CPP Work? What is Employment Insurance? How much is EI? What are TAXABLE BENEFITS?
I’ll be breaking down everything you need to know about your PAY STUB in Canada for 2023. These new Tax Changes are already in effect and making a difference in Your Paycheque! I’ll be sharing MY ACTUAL PAY STUBS to explain all the Deductions from your paycheque and to highlight the changes from 2022 to 2023. I’ll be breaking down how all the numbers work like Income Tax, CPP, EI (Employment Insurance), Pensions, Taxable Benefits, Disability and more! It’s so important to understand where YOUR money is going and that’s what this video is for!
CANADIAN TAX GUIDE - Playlist 🇨🇦
https://youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj
2023 TAX CHANGES in CANADA 👇
https://youtu.be/Zjfy_G1l5ok
QUESTRADE REFERRAL 🇨🇦
If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!
That’s 10 free trades without any commission, $50 in savings! 👇
https://questrade.sjv.io/CANADIANTSHIRT
Best SAVINGS ACCOUNT in 2024 - EQ BANK 🏦
Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance!
Use my referral link below to sign up 👇
https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0
WEALTHSIMPLE TRADE REFERRAL 💰
If you'd like to sign up for WealthSimple Trade, use my referral link below to get a $50 signup bonus in cash when you open an account and trade at least $150 👇
https://wealthsimple.sjv.io/canadiantshirt
BLOSSOM SOCIAL 🌸🇨🇦
Follow me on Blossom to see my Portfolio & Trades for FREE 👇
https://blossomsocialapp.page.link/canadiantshirt
Watch my BLOSSOM ANNOUNCEMENT video for details 👇
https://youtu.be/tFYP5kWXsB0
LOYALTY MEMBERSHIP ✨
Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇
https://youtube.com/c/CanadianinaTShirt/join
Thank you guys for supporting my channel, you’re the best! 🙏
SKIP AHEAD ⏩
-Intro: 0:00
-Pay Stub Basics: 1:53
-My Pay Stub - 2023 Example: 2:35
-Bi-Weekly vs Semi-Monthly 3:53
-Gross Pay: 4:25
-Income Tax: 5:37
-CPP - Canada Pension Plan: 7:01
-Compare 2022 Pay Stub - Lower Taxes: 9:30
-CPP Max - Stop Deductions: 10:46
-Detailed Pay Stub - More Deductions: 11:25
-Employment Insurance: 11:58
-LTD - Long Term Disability: 13:36
-Pension Plan - RPP: 13:53
-Taxable Benefits: 14:54
-Final Thoughts: 16:17
WATCH NEXT ▶️
-How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8
-TFSA Mistakes - https://youtu.be/s4cBibLATOU
-Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q
-How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU
-RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE
-How to Build Wealth - https://youtu.be/L10wfYl3_Qs
-RRSP Mistakes - https://youtu.be/I8k95_R_L_Q
Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =)
FOLLOW ME HERE: 👋
FACEBOOK: https://www.facebook.com/CanadianTShirt
INSTAGRAM: https://www.instagram.com/canadiantshirt
TWITTER: https://twitter.com/CanadianShirt
FINANCIAL EDUCATION BOOKS 📚
-Wealthy Barber Returns - https://amzn.to/2MJ9cIe
-How to Adult Money Canada Version - https://amzn.to/2F717ZT
-Beat the Bank: Canadian Guide - https://amzn.to/37uqe54
-101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS
-Millionaire Next Door - https://amzn.to/35ap253
-Intelligent Investor - https://amzn.to/3qoI5nV
CAMERA GEAR 📸
-4K Camera - https://amzn.to/3aSHWEg
-HD Camera - https://amzn.to/3puBZkT
-Tripod - https://amzn.to/2Qf2Lid
-LED Ring Light - https://amzn.to/2MKLDyC
-Microphone - https://amzn.to/3aRdXMN
DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!
I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
DISCLAIMER: Links included in this description may contain affiliate links.
I will only ever suggest services or products that I use myself and I personally believe in.
If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you!
Thank you for supporting The Canadian in a T-Shirt! =)
#CanadianTaxes #CPP #CanadianTaxGuide #PayStub #EI #CRA #RPP #PayrollDeductions
How to Read a PAY STUB in CANADA? What are the Biggest TAX CHANGES for 2023? Where does My MONEY Go? What are the PAYROLL DEDUCTIONS from My PAYCHEQUE? How Does CPP Work? What is Employment Insurance? How much is EI? What are TAXABLE BENEFITS?
I’ll be breaking down everything you need to know about your PAY STUB in Canada for 2023. These new Tax Changes are already in effect and making a difference in Your Paycheque! I’ll be sharing MY ACTUAL PAY STUBS to explain all the Deductions from your paycheque and to highlight the changes from 2022 to 2023. I’ll be breaking down how all the numbers work like Income Tax, CPP, EI (Employment Insurance), Pensions, Taxable Benefits, Disability and more! It’s so important to understand where YOUR money is going and that’s what this video is for!
CANADIAN TAX GUIDE - Playlist 🇨🇦
https://youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj
2023 TAX CHANGES in CANADA 👇
https://youtu.be/Zjfy_G1l5ok
QUESTRADE REFERRAL 🇨🇦
If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!
That’s 10 free trades without any commission, $50 in savings! 👇
https://questrade.sjv.io/CANADIANTSHIRT
Best SAVINGS ACCOUNT in 2024 - EQ BANK 🏦
Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance!
Use my referral link below to sign up 👇
https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0
WEALTHSIMPLE TRADE REFERRAL 💰
If you'd like to sign up for WealthSimple Trade, use my referral link below to get a $50 signup bonus in cash when you open an account and trade at least $150 👇
https://wealthsimple.sjv.io/canadiantshirt
BLOSSOM SOCIAL 🌸🇨🇦
Follow me on Blossom to see my Portfolio & Trades for FREE 👇
https://blossomsocialapp.page.link/canadiantshirt
Watch my BLOSSOM ANNOUNCEMENT video for details 👇
https://youtu.be/tFYP5kWXsB0
LOYALTY MEMBERSHIP ✨
Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇
https://youtube.com/c/CanadianinaTShirt/join
Thank you guys for supporting my channel, you’re the best! 🙏
SKIP AHEAD ⏩
-Intro: 0:00
-Pay Stub Basics: 1:53
-My Pay Stub - 2023 Example: 2:35
-Bi-Weekly vs Semi-Monthly 3:53
-Gross Pay: 4:25
-Income Tax: 5:37
-CPP - Canada Pension Plan: 7:01
-Compare 2022 Pay Stub - Lower Taxes: 9:30
-CPP Max - Stop Deductions: 10:46
-Detailed Pay Stub - More Deductions: 11:25
-Employment Insurance: 11:58
-LTD - Long Term Disability: 13:36
-Pension Plan - RPP: 13:53
-Taxable Benefits: 14:54
-Final Thoughts: 16:17
WATCH NEXT ▶️
-How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8
-TFSA Mistakes - https://youtu.be/s4cBibLATOU
-Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q
-How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU
-RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE
-How to Build Wealth - https://youtu.be/L10wfYl3_Qs
-RRSP Mistakes - https://youtu.be/I8k95_R_L_Q
Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =)
FOLLOW ME HERE: 👋
FACEBOOK: https://www.facebook.com/CanadianTShirt
INSTAGRAM: https://www.instagram.com/canadiantshirt
TWITTER: https://twitter.com/CanadianShirt
FINANCIAL EDUCATION BOOKS 📚
-Wealthy Barber Returns - https://amzn.to/2MJ9cIe
-How to Adult Money Canada Version - https://amzn.to/2F717ZT
-Beat the Bank: Canadian Guide - https://amzn.to/37uqe54
-101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS
-Millionaire Next Door - https://amzn.to/35ap253
-Intelligent Investor - https://amzn.to/3qoI5nV
CAMERA GEAR 📸
-4K Camera - https://amzn.to/3aSHWEg
-HD Camera - https://amzn.to/3puBZkT
-Tripod - https://amzn.to/2Qf2Lid
-LED Ring Light - https://amzn.to/2MKLDyC
-Microphone - https://amzn.to/3aRdXMN
DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!
I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
DISCLAIMER: Links included in this description may contain affiliate links.
I will only ever suggest services or products that I use myself and I personally believe in.
If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you!
Thank you for supporting The Canadian in a T-Shirt! =)
#CanadianTaxes #CPP #CanadianTaxGuide #PayStub #EI #CRA #RPP #PayrollDeductions
Hey Guys!!
In this video I have explained the updated federal and provincial tax brackets that we will be paying in 2023. This video will also help you to understand how and what taxes do we pay in Canada.
Take care!
Useful Links:
Federal and provincial tax rates:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
Indexation increase:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html
My Previous Tax Related Videos:
CANADA’S TAX SYSTEM EXPLAINED IN HINDI
https://www.youtube.com/watch?v=R3MaUzS2aqM
UNDERSTAND CANADA’S TAX SYSTEM
https://www.youtube.com/watch?v=ZTLnvLyWPN4&t=0s&ab_channel=AmertaRoopani
MY PREVIOUS IMMIGRATION VIDEOS:
Express Entry Visa Guide (Step by Step Process)
https://www.youtube.com/watch?v=vu9en2-Tb7E&t=1s
Canada PNP Step-by-Step Process to Apply for Express Entry & Non-Express Entry PNP https://www.youtube.com/watch?v=gsgUOVFivsE&t=344s
Improve CRS Score in 2023 | Express Entry 2023 | Canada Immigration 2023
https://www.youtube.com/watch?v=l9cx8y9Q-aA&ab_channel=AmertaRoopani
How to Create Express Entry Profile | Step by Step Process
https://www.youtube.com/watch?v=NezA_fhR6PM&t=116s
AINP | Express Entry Stream 2021 | Alberta Immigrant Nominee Program https://www.youtube.com/watch?v=PzAipsktlrM&t=87s
OINP | In-Demand Skills Stream | Easiest Way to Get Canada PR
https://www.youtube.com/watch?v=-VOoZSFwIZY&t=535s
AIPP (Atlantic Immigration Pilot) | Easiest Canada Immigration Program
https://www.youtube.com/watch?v=8sfmJWb3JsQ&t=6s
Rural and Northern Immigration Pilot Program | Step-By-Step Process
https://www.youtube.com/watch?v=nDlxBrKwI7M&t=33s
Canada Study Permit | Canada Student Visa | Step By Step Process
https://www.youtube.com/watch?v=f5pvfKmqTwA&t=161s
Student Direct Stream Program (SDS)
https://www.youtube.com/watch?v=O-hJWy_LE9A&t=33s
Canada PNP | Step-by-Step Process to Apply for Express Entry & Non-Express Entry PNP
https://www.youtube.com/watch?v=gsgUOVFivsE
CRS Score | How to increase Your CRS Score
https://www.youtube.com/watch?v=I32gM1IZjzs&t=468s
Canada Express Entry | Step-by-Step Process
https://www.youtube.com/watch?v=vu9en2-Tb7E
Terms used:
Income tax
sales tax
Canada tax
Canada tax 2022
How much income tax do we pay in Canada?
Why do we pay taxes in Canada?
Canada updates
Big change in Canada tax
Canada life
Life in Canada
Canada vlog
Canada immigration
Canada PR
Things to know before moving to Canada
Net Pay Canada
tax brackets Canada
How to file tax in Canada
GST
PST
HST
Ontario
Canada Provincial tax
Canada federal tax
#canadatax #canadataxes2023 #canadatax2022 #canadanews #canadaincometax #canadaimmigration2023 #canadalife #canadabigupdate #tax2023 #CRA #amertaroopani
How do Taxes Work in Canada? What are Tax Brackets? How can I reduce my Tax Bill with Deductions and Credits? I’ll be breaking down all of the basics of Canadian taxes for regular income, business income and investment income and I’ll go over some of the best tax saving strategies out there.
QUESTRADE REFERRAL 🇨🇦
If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!
That’s 10 free trades without any commission, $50 in savings! 👇
https://questrade.sjv.io/CANADIANTSHIRT
TURBOTAX REFERRAL: 🇨🇦
Use my referral link to Get 15% OFF ANY TurboTax Product! 👇
https://www.tkqlhce.com/click-9191966-15709394
Remember the Tax Filing Deadline is April 30!
LOYALTY MEMBERSHIP ✨
Click the JOIN button or the link below to gain access to my exclusive content! 👇
https://youtube.com/c/CanadianinaTShirt/join
Thank you guys for supporting my channel, you’re the best! 🙏
BLOSSOM SOCIAL 🌸🇨🇦
Follow me on Blossom to see my Portfolio & Trades for FREE 👇
https://blossomsocialapp.page.link/canadiantshirt
Watch my BLOSSOM ANNOUNCEMENT video for details 👇
https://youtu.be/tFYP5kWXsB0
Best SAVINGS ACCOUNT in 2024 - EQ BANK 🏦
Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance!
Use my referral link below to sign up 👇
https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0
WEALTHSIMPLE TRADE REFERRAL 💰
Join Wealthsimple and get a bonus of $5 to $3,000 when you sign up with my link 👇
https://my.wealthsimple.com/app/public/trade-referral-signup?code=P0A-UQ
SKIP AHEAD: ⏩
-Intro: 0:00
-Tax Basics: 0:21
-Tax Brackets: 0:44
-Marginal Tax Rate: 1:28
-Tax Calculation Example: 2:34
-Online Tax Calculator: 6:06
-Business Income: 8:02
-Investment Income: 8:20
-Tax Credits: 9:22
-Tax Deductions: 10:51
-RRSP - 11:54
-Business Expenses: 12:59
TAX CALCULATOR: 💸
https://www.eytaxcalculators.com/en/2023-personal-tax-calculator.html
WATCH NEXT: ▶️
-TFSA Explained Investing Tax Free - https://youtu.be/i_bWf1NyUbE
-RRSP Explained: Deductions & Contributions - https://youtu.be/bKMNgnMBSdE
-What is Stock Market Investing - https://youtu.be/x_c0YQYEd0g
-What is an ETF? Diversify Your Portfolio - https://youtu.be/48d7R9MTzlI
-Top 3 Dividend Stocks in Canada - https://youtu.be/G_TF2wyqn9s
-How to Buy Stocks on Questrade - https://youtu.be/_V2yBWwOZX4
-Best Canadian ETFs for Dividends - https://youtu.be/hXrN5EVCp8Y
-How to Buy US Stocks on Questrade - https://youtu.be/CuVqfQomSPc
-4 Steps to Become Wealthy - https://youtu.be/mwfdlM7z9YY
I hope this video helps guide you through the world of Taxes!
Be sure to subscribe to my channel for more videos on investing, personal finance and money saving strategies. I’ll be posting a video every week =)
FOLLOW ME HERE:
Facebook: https://www.facebook.com/CanadianTShirt
Instagram: https://www.instagram.com/canadiantshirt
Twitter: https://twitter.com/CanadianShirt
FINANCIAL EDUCATION BOOKS: 📚
-Wealthy Barber Returns - https://amzn.to/2MJ9cIe
-How to Adult Money Canada Version - https://amzn.to/2F717ZT
-Beat the Bank: Canadian Guide - https://amzn.to/37uqe54
-Investing in Dividends - https://amzn.to/37mUnn3
-101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS
-Millionaire Next Door - https://amzn.to/35ap253
-Intelligent Investor - https://amzn.to/3qoI5nV
-Making Money in Canadian Real Estate - https://amzn.to/2SKijw6
CAMERA GEAR 📸
-4K Camera - https://amzn.to/3aSHWEg
-HD Camera - https://amzn.to/3puBZkT
-Tripod - https://amzn.to/2Qf2Lid
-LED Ring Light - https://amzn.to/2MKLDyC
-New Microphone - https://amzn.to/3aRdXMN
-Cheaper Microphone - https://amzn.to/3aRkwih
DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decisions!
I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
DISCLAIMER: Links included in this description may contain affiliate links.
I will only ever suggest services or products that I use myself and I personally believe in.
If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you!
Thank you for supporting The Canadian in a T-Shirt! =)
#CanadianTaxes #CanadianFinance #CanadianTaxGuide #TaxFreeCanada #TaxFreeInvesting #CanadianInvesting #CRA
In this video, we discuss taxes in Canada. I explained the difference between Federal Tax and Provincial Tax. We will calculate the basic tax and see how high actually taxes are in Canada. In addition to that, we also discuss how to save some tax money in Canada.
Please note, the source of the tax brackets is 'canada.ca' and they are for the year 2021 which may also change in the future. All the calculations in this video are for an explanation so do not use them for filing your taxes. They are only done to explain to you the tax system and this is just an educational video. Always consult an accountant for doing any tax-related work.
Tax Brackets Source: www.canada.ca
I hope this video will add some value to your life.
Videos Related to Canadian Student Life:
Learn These before coming to Canada: https://www.youtube.com/watch?v=ct-O9IYkc2E
How I got 3 job offers in Canada: https://www.youtube.com/watch?v=tJqncn7ecnQ
Scope or Demand of your Course/Profession in Canada:
https://youtu.be/VeYWKD8HA_g
Succeed as an International Student in Canada: https://www.youtube.com/watch?v=PKvovMBDrEs
Don't do these mistakes as an International Student in Canada: https://www.youtube.com/watch?v=YuBVim-Z7EY
Things to do when applying for a Canadian student visa: https://www.youtube.com/watch?v=8D-lsBBvQo8
Myths about Student Life in Canada:
https://www.youtube.com/watch?v=XOHrrc2nBZ4
Part-Time Jobs:
Highest Paying Part-Time Jobs for International Students in Canada: https://www.youtube.com/watch?v=bkHJCz62tXk
How to work more than 20 hrs/week as an International Student in Canada: https://www.youtube.com/watch?v=JFtanJ7ZLQo&t=249s
Should you work more than 20 hours/week as an international student in Canada?: https://www.youtube.com/watch?v=BqZcLCE4ZyY
Finances for International Students:
Everything an international student should know about GIC in Canada: https://www.youtube.com/watch?v=y0wgsTRn77g
8 Major expenses in Canada in the first month as an International Student or Permanent Resident.: https://www.youtube.com/watch?v=sjLXa2uMXRk
Worst Intake for Canada: https://www.youtube.com/watch?v=bRhY_aK59pY
Disclaimer:
Please note, I am NOT an immigration consultant. I am NOT a financial advisor. I am NOT affiliated with any government organization. Any information shared in this video is based on my own experience, opinion, and research and hence should not be considered legal advice. I assume no liability for how the information in this video is used or interpreted and hence take no responsibility for any decisions that are made with regards to your application or life based on the information shared in this video. Your commitment to your application or life is critical so please do your own research before making any kind of decision. I am just a random guy on youtube sharing my experience.
Cheers
Gursahib
If you're interested in securing a 50% discount for the launch of the course (Canadian Finance Pro) sign up using this link plussss you'll get a FREE e-book specially made for Canadian Finance: https://www.canadianfinancepro.com/beginners-investor-handbook
Breaking down the basics of Canadian income tax, sticking with personal taxes for this video, links to everything I've referenced here:
Links!
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/income-tax-rates/
https://www.fidelity.ca/fidca/en/taxcalculator?gclid=CjwKCAjwwqaGBhBKEiwAMk-FtJMn3lXjp4RfxSF7KsSQhQZMyn9SWhJdODNrN2vc66iCbJqzd13QrRoCau4QAvD_BwE&ef_id=CjwKCAjwwqaGBhBKEiwAMk-FtJMn3lXjp4RfxSF7KsSQhQZMyn9SWhJdODNrN2vc66iCbJqzd13QrRoCau4QAvD_BwE:G:s&s_kwcid=AL!10784!3!490978807916!p!!g!!income%20tax%20calculator!11969289573!118597061969
https://www.wealthsimple.com/en-us/tool/tax-calculator/
https://www.eytaxcalculators.com/en/2021-personal-tax-calculator.html
https://www.taxtips.ca/taxrates/on.htm
https://www.pwc.com/ca/en/services/tax/personal-tax/calculator/tax-calculator-2020.html
https://ca.talent.com/tax-calculator?salary=100000&from=year®ion=Ontario
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions.html
0:00 Intro
1:03 Summary Of Topics Covered
1:14 Intro To Canadian Taxes
3:13 Non-taxable Items
5:03 Personal Taxes
10:45 Types Of Income
15:16 Tax Credits
Canadian Taxes For Beginners | Understanding Canadian Taxes
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Hey guys, welcome to the channel I'm a full time Chartered Accountant as well as a part time Real Estate agent with a background in finance, investing, budgeting and of course, real estate.
I've been on a personal mission for the last 10 years to build multiple streams of income, including both passive and active income. On this journey, I've gained a ton of domain knowledge about personal finance and investments that I would love to share.
My goal for this channel is to help you understand basic taxes, personal finance, investing, budgeting and expense management.
So how exactly do taxes work in Canada?
This video explores the Canadian tax system and covers everything from what a tax bracket is to explaining how the Canada Revenue Agency (CRA) decides how much Canadians get taxed each year. Check out the TurboTax Hub to learn more: https://turbotax.intuit.ca/tips/.
Timestamps
0:00 How taxes work in Canada
00:14 Types of income
00:26 Canada’s tax structure
00:33 What is a tax bracket?
00:46 What are the provincial tax brackets?
00:54 What is a marginal tax rate?
•••••••••••••••••••••••••
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#taxsavingtipscanada#taxsavingtips#rrsp
15 Secrets The Taxman Doesn't Want You To Know
Chapters:
00:00 intro
3:48 Secret #1 - Review withholding tax in payroll
5:09 Secret #2 - Turn bad debts into good debts
7:35 Secret #3 - Reduce income tax efficiently
8:49 Secret #4 - Registered retirement saving plan
It’s that time of the year again...
The End of 2022
And as last week you discovered tax saving tips canada people wants to know for decades.
Today, you’ll get valuable insight about how to reduce tax bill canada used to do in these years, and there is even more than the canadian tax deductions.
If you’ve been watching my channel for a while, you’ll know that I have been talking about the book called “15 secrets the taxman doesn't want you to know”.
I think back to when I see people seeking for the ways to do tax saving in canada. There is only a little known ways to lower down your taxes.
tax deduction in canada is hard for sure, that’s why today’s video will show you some tax reduction methods that you may never hear about before, not just about how to reduce tax, but also something you can use when you are doing tax filing in canada.
I was taught by this book about how to pay less taxes in canada with its incredible tax tips, tax saving tips in canada, and even how to save taxes and how to avoid taxes in canada.
If you want to know more about how to lower taxes in canada, this video is your only option.
Enjoy!
.....
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In the past 10 years, Thomas C Chan been focus on helping Canadians to develop for their financial success, with advice about investments and insurance, such as life insurance, critical illness insurance, and disability insurance.
Whether you want to know more about tax saving, retirement planning, or financial growth, Thomas can bring clarity on your retirement, wealth, and insurance. He understands the life stages and challenges that people are going through.
In Canada, you have many options for savings and investment vehicles, such as the RRSP and TFSA. To figure out how to take advantage of your options, Thomas can help you figure out what best suits YOUR financial needs. If you are interested in learning about how money works, and how to work with money, check out his videos!
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2017 marks Canada’s 150th birthday, and the 100th anniversary of the Income Tax Act! Watch our video that highlights the history and importance of the Income Tax Act, as well as the development of the CRA over the years.
How taxes work in Canada, including tax brackets and investment income.
The examples in the video are basic and do not include deductions and credits you may be eligible for. However, they give you a general understanding of how taxes in work in Canada. We will cover a more detailed breakdown of taxes in upcoming videos.
OTHER VIDEOS TO CHECK OUT:
DIVIDEND INVESTING FOR BEGINNERS : https://youtu.be/xjarApfs0wQ
$1,000,000 TFSA : https://youtu.be/SrpMSzdKFE0
SHOULD RICH CANADIANS PAY MORE TAX? : https://youtu.be/3x3oGbZZ4GA
HOW TO CHECK YOUR CREDIT RATING FOR FREE : https://youtu.be/1l4Mu4vuPzQ
Timestamps:
Intro: 0:00
Agenda: 0:15
How is Income Taxed?: 0:27
Tax Brackets: 1:00
Capital Gains Tax: 2:38
Dividend Tax: 3:35
Interest Tax: 4:04
PROVINCIAL TAX RATES:
CANADA REVENUE Provincial and territorial tax rates for 2021:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
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Learn about Canadian tax brackets and taxes in Canada with our informative video. Discover how the Canadian tax system works, including the various types of taxes and how they are calculated. We'll also discuss tax brackets, which determine the rate of tax you pay based on your income. This video is perfect for new residents in Canada or those looking to brush up on their tax knowledge. By the end of this video, you'll have a clear understanding of Canadian taxes and be better equipped to navigate your tax obligations.
Tax Calculator → https://www.taxtips.ca/calculators/enhanced-basic/enhanced-basic-tax-calculator.htm
👩❤️💋👨IMPORTANT Insurance Videos for Canadians👩❤️💋👨
Life Insurance 101 In Canada → https://youtu.be/gmSswWLG9dw
Term VS Permanent → https://youtu.be/Nn8dQvzyE70
Types of Life Insurance Explained → https://youtu.be/rgN2RVHRWpM
Is Life Insurance a Good Investment → https://youtu.be/oUG6yfy7iv8
Mortgage Insurance Explained → https://youtu.be/3_BgryuR0bE
🗂️IMPORTANT Tax Videos for Canadians🗂️
How Taxes Work in Canada → https://youtu.be/lbUcoEMv6a0
RRSP Explained (Complete Guide for Beginners 2022) → https://youtu.be/isBAh1q2W1o
TFSA Explained (Complete Guide for Beginners 2022) → https://youtu.be/oE7_4bwQVzY
RRSP vs TFSA (Complete Guide for Beginners 2022) → https://youtu.be/BFJiRATu7DU
🟦About Affinity Life🟦
Affinity Life is an online life insurance platform dedicated to busy Canadians. We believe you shouldn’t have to run through a sales gauntlet to obtain life insurance to protect your family. We’re setting out to finally revolutionize and innovate in an industry that hasn’t significantly changed in the last 100 years. We hope you can join us on our journey. Founded in 2020 and headquartered in Calgary, AB, Affinity Life is 100% founder-owned.
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How to Read a PAY STUB in CANADA? What are the Biggest TAX CHANGES for 2023? Where does My MONEY Go? What are the PAYROLL DEDUCTIONS from My PAYCHEQUE? How Does CPP Work? What is Employment Insurance? How much is EI? What are TAXABLE BENEFITS?
I’ll be breaking down everything you need to know about your PAY STUB in Canada for 2023. These new Tax Changes are already in effect and making a difference in Your Paycheque! I’ll be sharing MY ACTUAL PAY STUBS to explain all the Deductions from your paycheque and to highlight the changes from 2022 to 2023. I’ll be breaking down how all the numbers work like Income Tax, CPP, EI (Employment Insurance), Pensions, Taxable Benefits, Disability and more! It’s so important to understand where YOUR money is going and that’s what this video is for!
CANADIAN TAX GUIDE - Playlist 🇨🇦
https://youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj
2023 TAX CHANGES in CANADA 👇
https://youtu.be/Zjfy_G1l5ok
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SKIP AHEAD ⏩
-Intro: 0:00
-Pay Stub Basics: 1:53
-My Pay Stub - 2023 Example: 2:35
-Bi-Weekly vs Semi-Monthly 3:53
-Gross Pay: 4:25
-Income Tax: 5:37
-CPP - Canada Pension Plan: 7:01
-Compare 2022 Pay Stub - Lower Taxes: 9:30
-CPP Max - Stop Deductions: 10:46
-Detailed Pay Stub - More Deductions: 11:25
-Employment Insurance: 11:58
-LTD - Long Term Disability: 13:36
-Pension Plan - RPP: 13:53
-Taxable Benefits: 14:54
-Final Thoughts: 16:17
WATCH NEXT ▶️
-How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8
-TFSA Mistakes - https://youtu.be/s4cBibLATOU
-Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q
-How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU
-RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE
-How to Build Wealth - https://youtu.be/L10wfYl3_Qs
-RRSP Mistakes - https://youtu.be/I8k95_R_L_Q
Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =)
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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!
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#CanadianTaxes #CPP #CanadianTaxGuide #PayStub #EI #CRA #RPP #PayrollDeductions
An income tax is a government levy (tax) imposed on individuals or entities (taxpayers) that varies with the income or profits (taxable income) of the taxpayer. Details vary widely by jurisdiction. Many jurisdictions refer to income tax on business entities as companies tax or corporate tax. Partnerships generally are not taxed; rather, the partners are taxed on their share of partnership items. Tax may be imposed by both a country and subdivisions. Most jurisdictions exempt locally organized charitable organizations from tax.
Income tax generally is computed as the product of a tax rate times taxable income. The tax rate may increase as taxable income increases (referred to as graduated rates). Tax rates may vary by type or characteristics of the taxpayer. Capital gains may be taxed at different rates than other income. Credits of various sorts may be allowed that reduce tax. Some jurisdictions impose the higher of an income tax or a tax on an alternative base or measure of income.