Pay less tax? I never buy anything without seeing if I can get it at auction or off of Kijiji. I go out of my way not to pay sales tax, the government just wastes my money. Julie Payette getting a full pension is proof.
Bro your videos are always so informative. Tax videos don't get much attention, but I think they are valuable and people need to watch them! Another good video! 😀
Only the TFSA and charitable donation stuff was really relevant for me, but then I'm just a single guy without a spouse or real estate. I don't think I make near enough to take advantage of equity donations to affect my bracket, but I'll have to keep it in mind for the future. Great video as always
Hi... nice video...i have one query...i have work permit and salary is 80k and tax is around 30% ...IF I invest 10k in TFSA...in that case ..do i need to pay tax for 80k or 70k ?
At this rate I hate the act of actually doing my taxes more than I hate that its taking my money. I'd pay money to get them done for me if it weren't for the fact that the cost to have your taxes done for you makes me wanna cry when I look at the sum total amount of money I'll be losing when I add the amount I pay in taxes to the amount I pay to have them done for me.
Thx))
thanks man! Go Canada!
Your video just showed up on my homepage. I'm loving your content so far! Canada represent!
Awesome! Thank you! I replied to your email
Can you make a video about RRSP and have a government pension ?
Not sure what you mean by this - what type of government pension?
We are on low income please try to explain more how we can survive with each 600$ a month 😢
We don’t enough for donations 😮
This is why I have an accountant
Haha. Yeah me too. Saves a lot of time!
Good video! Can you do a video on what is your best option between RRSP or TFSA.
Great suggestion! I have a blog post about this, but I've been meaning to do a video on this eventually
Awesome video man, great explanation!
Glad you liked it!
Pay less tax? I never buy anything without seeing if I can get it at auction or off of Kijiji. I go out of my way not to pay sales tax, the government just wastes my money. Julie Payette getting a full pension is proof.
Yeah that's a good point, and especially a good reason to buy used cars instead of new.
It would be nice if you could include a summary in your description. Thank you, I enjoyed the video
Noted! I've been thinking of adding this to my videos.
@@WealthAwesome Thank you for the great video. But you can still write your summary in your introduction. :)
Bro your videos are always so informative. Tax videos don't get much attention, but I think they are valuable and people need to watch them! Another good video! 😀
I appreciate that! I'm glad you enjoyed it Nate
Great video, and congrats on 5k
Thanks so much! Hooray for 5K!
Only the TFSA and charitable donation stuff was really relevant for me, but then I'm just a single guy without a spouse or real estate. I don't think I make near enough to take advantage of equity donations to affect my bracket, but I'll have to keep it in mind for the future. Great video as always
Thanks Kyle, I wanted to switch it up a bit and hit on a bunch of different scenarios. Focus on the TFSA and RRSP when you're single!
We are not looking for tricks! But to be fare what about low income and our children has grown up! Why we are paying for school support!?
Hi... nice video...i have one query...i have work permit and salary is 80k and tax is around 30% ...IF I invest 10k in TFSA...in that case ..do i need to pay tax for 80k or 70k ?
Great story!
Thanks Adam!
I have a spousal rrsp for my husband. Can he also have his own rrsp?
Great question, yes he can have his own RRSP, but he still has the same limit (combined between the two RRSPs)
Does your tax filing change if you live in outside of Canada?
Depends on what your residency status is. You can change it if you want
Great video ☺️😀
Thank you 😁
At this rate I hate the act of actually doing my taxes more than I hate that its taking my money.
I'd pay money to get them done for me if it weren't for the fact that the cost to have your taxes done for you makes me wanna cry when I look at the sum total amount of money I'll be losing when I add the amount I pay in taxes to the amount I pay to have them done for me.
Yeah that's very true. Accountants can get expensive!
It is tax deductible though :-D
This channel is fantastic. It appears that I have gained a few brain cells.
Hahaha. That's good to hear!