TAXES IN CANADA EXPLAINED | IN-DEPTH GUIDE (+examples)

Would you like to learn how to file your taxes or become more tax efficient? In this beginner-friendly guide, you'll find everything you need to know about our progressive taxation system, how to benefit from tax credits and deductions, a step-by-step process to filing your taxes, how registered accounts (TFSA and RRSP) work, and more.

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https://anchor.fm/wenhan-hu7

0:00 Introduction
1:28 Progressive Taxation
2:57 Progressive Taxation Example
5:22 How Income Taxes are Collected
6:25 Tax Credits and Deductions (+examples)
8:10 Why You Should File Your Taxes, even with Low or No Income
9:36 Step-by-Step Guide
13:16 Capital Gains and Dividends
14:14 Tax-Free Savings Account (TFSA)
17:14 Registered Retirement Savings Plan (RRSP)

Income tax package: https://www.canada.ca/en/revenue-agency/services/forms-publications/tax-packages-years/general-income-tax-benefit-package.html

Federal credits and deductions checklist: https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/taxes/taxes-5/2.html

Видео TAXES IN CANADA EXPLAINED | IN-DEPTH GUIDE (+examples) канала Spare Change Education