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.

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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/2019-personal-tax-calculator.html

WATCH NEXT:
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-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!

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