@@CanadianTShirt waiting for part 3 as well. when is it coming out. u are very knowledgeable. u are helping lots of ordinary people. thanks a lot. we appreciate it.
Amazing job! I am surprised that you don't have "all" of Canada's population subscribed to your channel. I have known this info for many years but very few places put it in a concise, compact yet clear package, well done. You are an asset to all Canadians looking to improve their lot in life. Regards. Darryl
Thank you Darryl! I really appreciate those kind words! 🙏 I'm still a pretty small TH-camr and I only started about 6 months ago but hopefully in a few years I'll be able to get this info out to more Canadians out there =)
@@CanadianTShirt Well you are doing very well. A lot of Traders eventually start online courses for hire. I would suggest that if you do decide to do something like that, that you do something unique that would capture a lot of the market. Like the first course is free so that your followers can experience the content before going all in. In that way they would know that it is worth their money and effort. Just my two cents. Keep up the good content. Ciao.
Wow, finally someone to present tax matters with clear and simple explanations and guidance. Thank you Adrian for sharing your expert knowledge with us.
I moved to Canada several years ago from a country that has different tax system. You are the first person that explained everything in such a simple and easy to understand way. Cheers 🍻
I'm so happy to hear that! I understand how confusing it can be when you move to a new country so I'm glad you are finding my videos helpful! I suggest going through my CANADIAN TAX GUIDE playlist (the videos like this with the silver coloured thumbnails) I hope that helps! =)
Way to go buddy, that's what I LOVE to hear! Make sure you watch the rest of my RRSP series (this is part 2 of my 5 part playlist) 😁 th-cam.com/play/PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz.html
Wow such fantastic information. However consider this. Those blessed with a pension such as teachers, nurses and public sector workers might be better off keeping RRSP small and contributing to unregistered account. The TFSA is the best thing going and should be filled first. Pension holders are very likely to be in the same tax high tax bracket as when they were contributing to RRSP so tax owing is high on withdraw. If you die with a large RRSP it will get tax whacked unless it goes to spouse. Keep up the fantastic work and I just subscribed. Cheers
@@michaelanyaegbu7384 I didn't call it Part 3 but I made 5 dedicated RRSP videos, watch my RRSP Playlist here =) th-cam.com/play/PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz.html
Part 3 will be coming out soon as well as a video on my favourite US ETFs to hold in an RRSP! For now, check out my latest video on the best US Dividend stocks to hold inside your RRSP =)
Wow! Thank you Nicolas! That's what I LOVE to hear! I know that I'm strangely passionate and excited about this stuff and I'm glad that my enthusiasm shines through my videos! Thank you for binge-watching! 😁
Adrian, waiting for part 3, Love all your videos, you structure them very well, flow, repeating key points and summarizing pre and post video. Amazing work
Thank you Neil! I really appreciate that! I try my best to structure my videos the same way a professor structures a lecture so I'm glad that it works for you guys! And yes, part 3 will be coming! =)
I'm happy to hear that this video was helpful! Make sure you watch the next video in the series: RRSP MISTAKES =) th-cam.com/video/I8k95_R_L_Q/w-d-xo.html
Thank you so much for these very clear explanations! Really looking forward to part 3 of the RRSP series. I checked your channel and I can't find it, so I assume you haven't made a video yet? That one will be supremely helpful too. Thank you again!
It's hard enough juggling this TH-cam gig along with a full time job. One video per week is all I can handle for now but that may change in the future! 😁
I'm 50, never too late. Watched your video and got totally inspired. You've answered so many questions that I was unclear about. You've done a Fantastic job! BTW Signed up with Questrade and moved my entire TFSA to them. I think I can handle them smarter on my own now. Would you mind sharing some pointers on what numbers to look at to decide a good Stock or ETF? Thanks!
That's what I love to hear! You are absolutely right, it is never too late to start investing and taking charge of your financial future! 😁 I will be making a whole video soon where I show step by step what I look for in a stock before I decided to invest in them but in the meantime, check out my past stock pick recommendations to see some of the things I look for =) th-cam.com/play/PLj8bU3AuW2qFD4sCsCxXdaAADlyiP8bqB.html
Currently doing a "Canadian in a T-shirt" marathon!! I'm so grateful your channel exists. Looking forward to Part 3. And now, enough with the comments, its back to your videos i go. byeeeeeeeee
If you're keen on doing a marathon, can I suggest checking out my playlists? I organize them in a way that will make sense and each video will flow into the next =)
Great video!!! Looking for part 3 :) As Canadian dollar is so low right now, do you think that is better to wait before exchange it and use Norbert's gambit?
It's true that the currency exchange rate hurts a bit more right now but consider this: currently the Canadian dollar is about 8% of what it usually is but a lot of quality US stocks and ETFs are down more than 20% off their usual price so overall you're still getting a great deal! That being said, if you currently have USD I would use that to invest first rather than converting CAD cash. I hope that helps! =)
Thank you George Orwell, I'm a huge fan of your dystopian novels as well! 😆 But I'm glad that my videos have been helpful and welcome to Canada very soon! 🇨🇦
Hey man! Love the content. I had a question regarding investing for a beginner in Canada. I have about $5000 to invest and am debating whether investing in XEQT (100% equity all in one ETF) or going with dividend ETF's like XIC and VDY so that I can DRIP and grow my account. I am confused why anyone would go with XEQT over dividend ETF's as a beginner if they can reinvest the dividends and grow their portfolio even more? Thanks!
XEQT is an ETF which just holds a few other Canadian and US ETFs inside of it and it's aimed at capital growth not dividends. It's a great option for beginners and passive, hands-off investors. People who don't want to do any research and just put their money into a fund. Which is totally fine, it's still way better than spending 10 times that much money on a mutual fund. But I prefer taking more control of my investments and buying ETFs and stocks directly. Also, I am focusing on passive income with dividends in my tax sheltered accounts and leaving capital appreciation for my taxable account. I hope that helps! =)
@@CanadianTShirt What is your reasoning behind holding passive income with dividends in TFSA/RRSP ? Why not have a growth etf like VGRO in there or an etf that tracks s%p 500 like VFV ? They tend to do better than dividend etfs (XEI and others) even if you reinvest dividends
Hey Adrian, was just about to sign up on questrade for a TFSA and a RRSP. Clicked your referral link and it's states that it is not a valid promo code. Figured I'd let you know!
Thanks Owen for the heads up! Ya it seems that the Affiliate Pro server has been down for the past few hours. They are partnered with Questrade and they handle all of the affiliate links. I reached out to them and hopefully they can get it fixed by tomorrow. I'll let you know when it's back online. Thanks for supporting my channel! 🙏
I’m new to your channel and have always been terrible with taxes. You’ve inspired me to get a better grip on my personal finance. Thanks for the great content and way to go on your channel!
I love how clear and concise you are explaining things.. You speak clearly and quickly and get to the point which I REALLY APPRECIATE. I often have to speed up the playback of you tube videos or skip the first 5 minutes because it's just someone talking about their cat or grocery store visit or whatever else that is not remotely related to the topic of the video... Your videos are great! Keep it up please!! Loyal Subscriber! Looking forward to part three! and Thank you so much!
Thank you Kalynn! I really appreciate that! I know I speak quickly and I try to remove all the useless fluff. I hate the idea of wasting anyone's time =)
Adrian, thank you for making Canadian taxes so simple for newcomers. I'm a big fan who referred your videos to other immigrants in a similar situation. Can't wait for part 3!!
My pleasure! I'm glad you found this video helpful and I'm in the middle of editing a new RRSP video as we speak! It should be ready by tomorrow morning! =)
Haaa "part 3 lost in space" Adrian is simply amazing,a little bit fast talking but we are lucky 10 sec back option is available 😂 good job,just keep going man,all the best 👍
hahaha I promise part 3 is coming very soon! In the next few weeks! In the meantime check out my unofficial sequel, RRSP MISTAKES: th-cam.com/video/I8k95_R_L_Q/w-d-xo.html
And yes, I know I talk fast, especially when I get excited! 😅 This is why I put the text overlays and I also manually write out English subtitles to help people follow along! If you'd like to slow the video down, hit the Settings (gear icon) and change the Playback Speed to 75%. I hope that helps! =)
Hi Aidrian I just found your video and I can't tell you how great it was to have you explain it all in simple language and made it very easy to understand. Thank you
Great Video Adrian ! Really helpful for every Canadian and especially newcomers. The simple yet detailed explanation would help even a layman to understand about Canadian taxes. Looking forward for more and more such videos. I do have a suggestion though- can you make a video on T4 vs. Incorporation for contractual workers including the pros and cons and an example of how someone would save/pay more taxes? Thanks in advance!
Damn! I just lost some contribution room in my RRSP a couple of months ago... didn't know about that. I closed an account with my former employer and transferred the money to another RRSP account, by myself. I will most likely feel the damage next year when filing my taxes. Well, at least I know better now. Waiting for part 3 as we are planning to buy a house. Thanks for the great content!
This is absolutely amazing! I have been watching your taxation series to help a friend out who is moving to Canada soon! Your videos are so concise and incredibly well explained! Keep going mate - look forward to more videos in the future after I complete this series! :D
Awesome, Buddy. i like your detailed explanation, i also think RRSP is for the long run - retirement to take advantage of no tax especially when matched by an employer, i invest in stocks for the short term to maximize my ROI , thanks for sharing, big thumbs up
I really appreciate your videos! If I could make a suggestion, I would want to learn more on CPP through your videos especially for self-employed people. Thank you!
Thank you Anna! You bet, I have talked about CPP in greater detail in my tax videos as well as my Canadian Business Guide! Check out this video on the DOWNSIDES of Being Self-Employed where I talk more about CPP and the fact that you pay DOUBLE in CPP as a self-employed individual! th-cam.com/video/ST1_Zem8AcM/w-d-xo.html
Thanks mate 👍. So far I learned that there is no good parking lot available for your money in Canada because of low interest rate. This is to pile up cash for buying opportunities in stock market.
I doubt we will see decent interest rates for at least a few years. GICs and savings accounts are dead right now. If you have extra money which you won't need for the next 5 years, I would suggest investing your money in stocks and ETFs, a little bit at a time over the next several weeks =)
That is a common misconception! Generally speaking you SHOULDN'T withdraw before retirement but you always can! Just make sure you do it in a low income year to minimize your tax bill =)
Glad to see you back and posting. Hopefully the issue with your previous videos gets resolved. I have started using a spreadsheet for tracking my expenses after watching one of your earlier videos. Keep up the great work!
That's what I want to hear! Way to go! I'm such a nerd but I honestly have fun setting up my budget on Excel and tracking my expenses 🤓 To increase your wealth you can either increase your income (which is HARD) or you can reduce your expenses, which is MUCH easier! You don't have to live a minimalist existence but there are definitely expenses that everyone can cut down on =)
I am so glad that I’ve got to know you!!!!! Everything you say in the video is so helpful and easy to understand! I can’t wait till part 3 to be out! Cuz i am buying real estate soon and will be using first home buyer plan 😆😆 thank you for the great video!!!
Wow thanks buddy! I'm glad you found my channel and I'm really happy to hear that my videos have been helpful! I should be working on part 3 in the next few weeks so stay tuned for that! =)
I was so confused about RRSP, You cleared all my doubts, help me to make the decision to do contribution in RRSP. I could not able to find part3. Are u still working on it? Wonderful ! Well explained .
Hi Adrian, I hope you are doing well. Thank you for sharing a ton on information on TH-cam. I have been following you for a long time. I am going to start investing in RRSP from this year. I have been following your RRSP videos on TH-cam. I have gone through part 1 and part 2 but I am not able to find part 3. It would be very helpful to know when you will be releasing part 3. Awaiting for your response. Once again thank you a lot for sharing the knowledge.
Thanks Adrian for those videos! you cover these topics better than anyone else on YT. It is me, or you never release part 3 of the RRSP Explained videos?
Ok you are officially my favourite finance education channel. The information you provide is super helpful, to the point and easy to understand. Thank you!! Do you work in accounting?
Was waiting for this video to drop since last week! Can you also do a video on types of investments to hold in RRSPs and how you can contribute when you have an individual RRSP and RRSP with your employer.
I'll be making a whole video on employer based pensions and RRSPs but generally I would suggest maximize the RRSP or pension matching offered by your employer and then all other RRSP contributions should be done on your own since your employers RRSP plan most likely comes with a high management fee. When they are matching your contributions, that's free money so it's definitely worth it but after that, it just becomes another expensive mutual fund. I hope that helps! =)
I made an unofficial part 3 called RRSP MISTAKES. I actually have 5 videos in my RRSP Explained playlist so please check those out! =) th-cam.com/play/PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz.html
Adrian, do a video on what happens to our investments when we have to convert our RRSP account to a RIFF. For this reason I'd prefer to hold US growth stock and US stock that's mostly growth with smaller dividends in TFSA. Moving from RRSP TO TFSA is costly but not so vice versa.
Make sure you watch Part 1 First! 👇
RRSP Explained Part 1 - Tax Deductions & Contributions:
th-cam.com/video/bKMNgnMBSdE/w-d-xo.html
Canadian in a T-Shirt welcome back 😁👍
Check out my CANADIAN TAX GUIDE 👇
th-cam.com/play/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj.html
And check out my CANADIAN CREDIT CARD GUIDE 👇
th-cam.com/play/PLj8bU3AuW2qGixzriCuazZ1E5RznbhcFB.html
Thank you so much! You make soooo much sense! Where is part 3 of the RRSP series mentioned at 12:46? Have you made it yet?
@@oliviatsi2324 I've been looking and don't see anything!
Release part 3! Best explanation for RRSP on TH-cam so far!
Thank you! Part 3 will be coming! =)
@@CanadianTShirt ETA?
When is part 3 coming????
@@CanadianTShirt waiting for part 3 as well. when is it coming out. u are very knowledgeable. u are helping lots of ordinary people. thanks a lot. we appreciate it.
Looking forward to part 3 . Great Job and thanks for sharing knowledge 👍
Amazing job!
I am surprised that you don't have "all" of Canada's population subscribed to your channel.
I have known this info for many years but very few places put it in a concise, compact yet clear package, well done.
You are an asset to all Canadians looking to improve their lot in life.
Regards.
Darryl
Thank you Darryl! I really appreciate those kind words! 🙏
I'm still a pretty small TH-camr and I only started about 6 months ago but hopefully in a few years I'll be able to get this info out to more Canadians out there =)
@@CanadianTShirt Well you are doing very well.
A lot of Traders eventually start online courses for hire. I would suggest that if you do decide to do something like that, that you do something unique that would capture a lot of the market. Like the first course is free so that your followers can experience the content before going all in. In that way they would know that it is worth their money and effort.
Just my two cents.
Keep up the good content.
Ciao.
@@CanadianTShirt yeah man watched like 10+ different RRSP/TFSA and other investment videos from other youtubers. yours is the best lol
@@johnnyphan5416 thanks Johnny! I really appreciate that! 😁
So clear and concise. I could watch it forever. I will be sure to subscribe
Wow, finally someone to present tax matters with clear and simple explanations and guidance. Thank you Adrian for sharing your expert knowledge with us.
Thank you Colleen! I'm glad you found this video helpful! 🙏
I moved to Canada several years ago from a country that has different tax system. You are the first person that explained everything in such a simple and easy to understand way.
Cheers 🍻
I'm so happy to hear that! I understand how confusing it can be when you move to a new country so I'm glad you are finding my videos helpful! I suggest going through my CANADIAN TAX GUIDE playlist (the videos like this with the silver coloured thumbnails) I hope that helps! =)
Looking forward to part 3! Glad I found you on youtube!
Thank you Ember and welcome to the channel!!! =)
Me too this has been informative. New subscriber here.
your video just saved me 700 dollars right now in this very moment. thank you.
Way to go buddy, that's what I LOVE to hear! Make sure you watch the rest of my RRSP series (this is part 2 of my 5 part playlist) 😁
th-cam.com/play/PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz.html
Can’t wait for part 3! Activated the subscription bell for it
Thank you Dressday! I appreciate the support and part 3 will be coming soon! =)
Wow such fantastic information. However consider this. Those blessed with a pension such as teachers, nurses and public sector workers might be better off keeping RRSP small and contributing to unregistered account. The TFSA is the best thing going and should be filled first. Pension holders are very likely to be in the same tax high tax bracket as when they were contributing to RRSP so tax owing is high on withdraw. If you die with a large RRSP it will get tax whacked unless it goes to spouse. Keep up the fantastic work and I just subscribed. Cheers
Can't wait for part 3! Absolutely GOLDEN!! Thank you so much Adrian
Thanks buddy! That's what I love to hear! 😁
@@CanadianTShirtthe part 3 never came😭😭
@@michaelanyaegbu7384 I didn't call it Part 3 but I made 5 dedicated RRSP videos, watch my RRSP Playlist here =)
th-cam.com/play/PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz.html
Waiting for part 3!!! This is the best time to buy. CHeap stocks etfs to hold inside rrsp.
Part 3 will be coming out soon as well as a video on my favourite US ETFs to hold in an RRSP!
For now, check out my latest video on the best US Dividend stocks to hold inside your RRSP =)
I am also waiting.
- subscribed
@@KKS.22 thank you for your patience! 🙏
Is it worth it to buy US stocks when you have to buy in US dollar,not much gains after tax and and conversion..what else to hold in rrsp,?thanks bro
@@filipinocanadianbrotvchann3855 you can convert your cad to usd using norbert gambit. No fee for conversion.
Waiting for part-3 👍👍👍 Thanks for the good information.
I'm happy to help! Part 3 will come out in a few weeks! I need a little break from RRSPs 😅
i am a millenial thank you very much!! really don't know much honestly but am learning loads
I'm happy to hear that my videos have been useful! Welcome and feel free to reach out with any questions! =)
Another great video! I love how much I'm learning from you!!! Can't wait for part 3...
Thanks Oksana! I'll get to part 3 in a few weeks. I need a little break from RRSPs 😅
I think I binged 3 hours worth of these videos its incredible. I never thought I'd say this, but I'm finding these topics interesting thanks to you.
Wow! Thank you Nicolas! That's what I LOVE to hear! I know that I'm strangely passionate and excited about this stuff and I'm glad that my enthusiasm shines through my videos! Thank you for binge-watching! 😁
Adrian, waiting for part 3, Love all your videos, you structure them very well, flow, repeating key points and summarizing pre and post video. Amazing work
Thank you Neil! I really appreciate that! I try my best to structure my videos the same way a professor structures a lecture so I'm glad that it works for you guys! And yes, part 3 will be coming! =)
Amazing explanation.
For me, who is complete newbie in Canada taxes, your explanation works perfectly. Appreciate it.
I'm happy to hear that this video was helpful! Make sure you watch the next video in the series: RRSP MISTAKES =)
th-cam.com/video/I8k95_R_L_Q/w-d-xo.html
Thank you so much for these very clear explanations! Really looking forward to part 3 of the RRSP series. I checked your channel and I can't find it, so I assume you haven't made a video yet? That one will be supremely helpful too. Thank you again!
Thank you Ivanka for your patience but no, I haven't made part 3 just yet but it should be coming out in the next few weeks! Stay tuned! 😁
I barely leave comments on youtube. Came across your channel randomly and it has been great so far.
Thank you for the detailed explanation!
Thank you Trang for those kind words and welcome to my channel! I'm glad my videos have been helpful so far! 😁
Great stuff bro🙌
Waiting for part 3🤞
You're doing a Great job👏
Thanks buddy! I will be working on part 3 early in 2021, stay tuned! =)
Great video! looking forward to part 3 :)
You got it! Part three will be coming soon! I'm glad it was helpful! =)
You are the best hope u can post videos everyday. Keep the the canadian content 💯. Is that to much to ask?👌👌
It's hard enough juggling this TH-cam gig along with a full time job. One video per week is all I can handle for now but that may change in the future! 😁
Looking forward for it. U have it on you brother. Ur channel will grow!! 👌👌
This guy is a true blessing.
Wow! Thanks Mike for those kind words! I'm so happy to hear that you've found value in my videos! =)
I'm 50, never too late. Watched your video and got totally inspired. You've answered so many questions that I was unclear about. You've done a Fantastic job! BTW Signed up with Questrade and moved my entire TFSA to them. I think I can handle them smarter on my own now. Would you mind sharing some pointers on what numbers to look at to decide a good Stock or ETF? Thanks!
That's what I love to hear! You are absolutely right, it is never too late to start investing and taking charge of your financial future! 😁
I will be making a whole video soon where I show step by step what I look for in a stock before I decided to invest in them but in the meantime, check out my past stock pick recommendations to see some of the things I look for =)
th-cam.com/play/PLj8bU3AuW2qFD4sCsCxXdaAADlyiP8bqB.html
I wish, Someone would have made this video 12 years before to educate layman like me
, Great job! Please make more videos. Thank you very much.
Here’s what I’ve been waiting for. Good job 👏
Thanks buddy! I hope it was worth the wait! =)
Currently doing a "Canadian in a T-shirt" marathon!! I'm so grateful your channel exists. Looking forward to Part 3. And now, enough with the comments, its back to your videos i go. byeeeeeeeee
haha thanks Cheryll! I am honoured that my videos are considered "binge-worthy" 🙏
Maybe I should put my videos up on Netflix 😁
If you're keen on doing a marathon, can I suggest checking out my playlists? I organize them in a way that will make sense and each video will flow into the next =)
Dude! You’re the Buddha of Bread! Very knowledgeable.
Beauty, way to go eh?
The CRA loves to hose you!
hahaha Buddha of Bread? I've never heard that one but I'll take it. Thanks bud! 😁
I CANNOT THANK YOU ENOUGH FOR THIS
Thank you Gazelle! I'm glad it was helpful! =)
Great video!!! Looking for part 3 :) As Canadian dollar is so low right now, do you think that is better to wait before exchange it and use Norbert's gambit?
It's true that the currency exchange rate hurts a bit more right now but consider this: currently the Canadian dollar is about 8% of what it usually is but a lot of quality US stocks and ETFs are down more than 20% off their usual price so overall you're still getting a great deal! That being said, if you currently have USD I would use that to invest first rather than converting CAD cash. I hope that helps! =)
Your videos are such a help, I plan to move to Canada from the UK in the next few years, your explanations are very thorough.
Thank you George Orwell, I'm a huge fan of your dystopian novels as well! 😆
But I'm glad that my videos have been helpful and welcome to Canada very soon! 🇨🇦
This is the best video I have seen on RRSP Withholding tax. THANK YOU!!!
Wow! Thank you Taylor! I'm so happy you found this video so helpful! I am working on more RRSP videos soon so stay tuned for those! =)
FIRST MY NAME IS JEFF AND I'M ALWAYS FIRST.
Great video!
Best way to assert dominance 😆
Thanks for helping
We waiting for part3 for RRSP
You got it Eri! Part 3 will be coming soon! =)
@@CanadianTShirt Thanks alot
Hey man! Love the content. I had a question regarding investing for a beginner in Canada. I have about $5000 to invest and am debating whether investing in XEQT (100% equity all in one ETF) or going with dividend ETF's like XIC and VDY so that I can DRIP and grow my account. I am confused why anyone would go with XEQT over dividend ETF's as a beginner if they can reinvest the dividends and grow their portfolio even more? Thanks!
XEQT is an ETF which just holds a few other Canadian and US ETFs inside of it and it's aimed at capital growth not dividends. It's a great option for beginners and passive, hands-off investors. People who don't want to do any research and just put their money into a fund. Which is totally fine, it's still way better than spending 10 times that much money on a mutual fund. But I prefer taking more control of my investments and buying ETFs and stocks directly. Also, I am focusing on passive income with dividends in my tax sheltered accounts and leaving capital appreciation for my taxable account. I hope that helps! =)
@@CanadianTShirt What is your reasoning behind holding passive income with dividends in TFSA/RRSP ? Why not have a growth etf like VGRO in there or an etf that tracks s%p 500 like VFV ? They tend to do better than dividend etfs (XEI and others) even if you reinvest dividends
Best RRSP explanation on TH-cam so far. You just won a new sub👏🏻👏🏻👏🏻👏🏻
I'm so glad you found my RRSP videos helpful! I'm working on a new RRSP video as we speak so stay tuned! =)
Hey Adrian, was just about to sign up on questrade for a TFSA and a RRSP. Clicked your referral link and it's states that it is not a valid promo code. Figured I'd let you know!
Thanks Owen for the heads up! Ya it seems that the Affiliate Pro server has been down for the past few hours. They are partnered with Questrade and they handle all of the affiliate links. I reached out to them and hopefully they can get it fixed by tomorrow. I'll let you know when it's back online. Thanks for supporting my channel! 🙏
You explain these concepts so well. Thank God I found your channel!!!! Thank you a million times!
Wow! Thank you Natalie for those kind words! I really do appreciate it! You are welcome, a million times! 😁
You are welcome!
What are your favourite US ETFs when investing with RRSP?
I’m going with VOO
I'll be making a WHOLE video just on that topic in the next few weeks =)
Following 👍
Keep the information flow super high speed! Awesome!
Thanks buddy! That's what I try to do! I don't want to waste anyone's time! =)
I’m new to your channel and have always been terrible with taxes. You’ve inspired me to get a better grip on my personal finance. Thanks for the great content and way to go on your channel!
Thank you Dylan! I really appreciate that and I'm glad my videos have made an impact! Welcome to the channel! 😁
I love how clear and concise you are explaining things.. You speak clearly and quickly and get to the point which I REALLY APPRECIATE. I often have to speed up the playback of you tube videos or skip the first 5 minutes because it's just someone talking about their cat or grocery store visit or whatever else that is not remotely related to the topic of the video... Your videos are great! Keep it up please!! Loyal Subscriber! Looking forward to part three! and Thank you so much!
Thank you Kalynn! I really appreciate that! I know I speak quickly and I try to remove all the useless fluff. I hate the idea of wasting anyone's time =)
@@CanadianTShirt WEll You are a rare gem on you tube that way!!
No dislikes!!! great job. Love your videos
Thank you Sergey! I appreciate the support! 🙏
Excellent explanation. Thanks for sharing very useful information.
Thank you Atul! I'm glad this video was useful! =)
Adrian, thank you for making Canadian taxes so simple for newcomers. I'm a big fan who referred your videos to other immigrants in a similar situation.
Can't wait for part 3!!
My pleasure! I'm glad you found this video helpful and I'm in the middle of editing a new RRSP video as we speak! It should be ready by tomorrow morning! =)
Haaa "part 3 lost in space"
Adrian is simply amazing,a little bit fast talking but we are lucky 10 sec back option is available 😂
good job,just keep going man,all the best 👍
hahaha I promise part 3 is coming very soon! In the next few weeks! In the meantime check out my unofficial sequel, RRSP MISTAKES:
th-cam.com/video/I8k95_R_L_Q/w-d-xo.html
And yes, I know I talk fast, especially when I get excited! 😅
This is why I put the text overlays and I also manually write out English subtitles to help people follow along! If you'd like to slow the video down, hit the Settings (gear icon) and change the Playback Speed to 75%. I hope that helps! =)
Hi Aidrian
I just found your video and I can't tell you how great it was to have you explain it all in simple language and made it very easy to understand.
Thank you
This whole series is great. Well presented and concise. Most importantly not filled with a bunch of useless trash. Thank you.
Thank you Stefan! I'm happy to hear that this video is helpful and you're right! I don't like to waste anyone's time! =)
Patiently waiting for Part III :D
Thanks Wade! I will be working on RRSP part 3 early in 2021! Stay tuned for that! =)
Great video, clear and concise explanation and examples on withholding tax!
Thank you! I'm so happy to hear that you found this video so helpful! =)
Great Video Adrian ! Really helpful for every Canadian and especially newcomers. The simple yet detailed explanation would help even a layman to understand about Canadian taxes. Looking forward for more and more such videos. I do have a suggestion though- can you make a video on T4 vs. Incorporation for contractual workers including the pros and cons and an example of how someone would save/pay more taxes? Thanks in advance!
Another great video! Can't wait to hear more tax related advise.
Thanks buddy! I'm glad to hear it was helpful! =)
Another video, another dollar saved!
Thanks buddy! I hope you put that dollar to good use! =)
Damn! I just lost some contribution room in my RRSP a couple of months ago... didn't know about that. I closed an account with my former employer and transferred the money to another RRSP account, by myself. I will most likely feel the damage next year when filing my taxes. Well, at least I know better now. Waiting for part 3 as we are planning to buy a house. Thanks for the great content!
You are an angel bro! Thank you for this financial literacy lessons!
Thank you Klimvan! I'm happy to hear that my videos are helpful! =)
This is absolutely amazing! I have been watching your taxation series to help a friend out who is moving to Canada soon! Your videos are so concise and incredibly well explained! Keep going mate - look forward to more videos in the future after I complete this series! :D
Thanks Aadi! I really appreciate that and I'm so happy to hear that my videos have been helpful! Stay tuned for more great videos coming! =)
Waiting for part 3, Amazing video, Keep up the good work. Thank you
Thanks buddy! Part 3 is definitely coming! =)
Great.
Wonderfully explained
Love your videos
Thanks buddy! I really appreciate that! =)
Awesome, Buddy. i like your detailed explanation, i also think RRSP is for the long run - retirement to take advantage of no tax especially when matched by an employer, i invest in stocks for the short term to maximize my ROI , thanks for sharing, big thumbs up
Thanks buddy! You got it! Taking advantage of employer RRSP matching is a great strategy!
Love the content! You answered all my questions in this video! Thanks!
Thanks Suzy!!! I'm glad I was able to help! =)
Great info, looking forward to part 3
You got it Deb! More RRSP videos are coming very soon! =)
You’re THE BEST I’m so happy I find your account beginners really need little details that you are providing thanks
Thanks Faria! I'm really happy to hear that my videos are helpful and thank you for all the great questions too! 🙏
I really appreciate your videos! If I could make a suggestion, I would want to learn more on CPP through your videos especially for self-employed people. Thank you!
Thank you Anna! You bet, I have talked about CPP in greater detail in my tax videos as well as my Canadian Business Guide! Check out this video on the DOWNSIDES of Being Self-Employed where I talk more about CPP and the fact that you pay DOUBLE in CPP as a self-employed individual!
th-cam.com/video/ST1_Zem8AcM/w-d-xo.html
Also check out my video on How to Read a PAY STUB, I go into greater detail on CPP there =)
th-cam.com/video/uFg3tDxmqiE/w-d-xo.html
Awesome content!! Keep the good work you are really good at explaining complicated concept and make them really easy to understand!
Thank you Frederick! I'm glad my videos are helpful and thank you for the feedback! =)
This's so helpful 👍👍 and easy to understand
Thanks July! I'm so glad to hear that my videos are helpful and accessible! =)
Thanks mate 👍.
So far I learned that there is no good parking lot available for your money in Canada because of low interest rate. This is to pile up cash for buying opportunities in stock market.
I doubt we will see decent interest rates for at least a few years. GICs and savings accounts are dead right now. If you have extra money which you won't need for the next 5 years, I would suggest investing your money in stocks and ETFs, a little bit at a time over the next several weeks =)
It's better to spread out your investments and take advantage of dollar cost averaging than to try to time the market =)
Great part 2 thanks for this.
Thanks buddy! Make sure you watch the sequel, RRSP MISTAKES:
th-cam.com/video/I8k95_R_L_Q/w-d-xo.html
That's part 3 of 5 in my RRSP series =)
Another highly educational video, thanks Adrian
Thank you Gabriel! I'm happy to hear that my videos are helpful! =)
Loving your content. The information provided is so clear. I never learnt this much about RRSP and TFSA. Good job. Cheers!
Thank you Ketan! I'm happy to hear that my videos are helpful and thanks for watching! =)
Still loving these videos, learning so much! Here I thought you were literally not allowed to withdraw money from your RRSP till retirement 😂
That is a common misconception! Generally speaking you SHOULDN'T withdraw before retirement but you always can! Just make sure you do it in a low income year to minimize your tax bill =)
Glad to see you back and posting. Hopefully the issue with your previous videos gets resolved. I have started using a spreadsheet for tracking my expenses after watching one of your earlier videos.
Keep up the great work!
That's what I want to hear! Way to go!
I'm such a nerd but I honestly have fun setting up my budget on Excel and tracking my expenses 🤓
To increase your wealth you can either increase your income (which is HARD) or you can reduce your expenses, which is MUCH easier! You don't have to live a minimalist existence but there are definitely expenses that everyone can cut down on =)
can't wait for part 3 !
Thanks Kelvin! Part 3 is definitely coming sometime soon! =)
I am so glad that I’ve got to know you!!!!! Everything you say in the video is so helpful and easy to understand! I can’t wait till part 3 to be out! Cuz i am buying real estate soon and will be using first home buyer plan 😆😆 thank you for the great video!!!
Wow thanks buddy! I'm glad you found my channel and I'm really happy to hear that my videos have been helpful! I should be working on part 3 in the next few weeks so stay tuned for that! =)
@@CanadianTShirt waiting on this!!
Valuable information!!!! Waiting for Part 3 😊
Thank you Daman! Part 3 is definitely coming! =)
Thank you for this video. Looking forward for part 3.
I'm glad it was helpful! Stay tuned! =)
@Canadian in a T-Shirt: Huge appreciation to your work :). Please upload part 3 ASAP.., waiting to know about home buyer plan
Thank you Shiva! I'm really happy to hear that my videos are helpful and you got it! RRSP part 3 will be coming soon! =)
I was so confused about RRSP, You cleared all my doubts, help me to make the decision to do contribution in RRSP. I could not able to find part3. Are u still working on it? Wonderful ! Well explained .
Thank you Sarbjit! I'm glad you found it helpful and part 3 is definitely coming! =)
Can't wait to see the part 3 !!
Thank you Pierre-Antoine! Part 3 is definitely coming but I have a few other topics I want to get to first! =)
Can't wait for part 3!!! :D
You got it buddy! It's definitely coming! =)
Is RRSP part III up there and I miss it? Thanks for all your work!
I am actually working on a new RRSP video as we speak! =)
Thank you so much. Your videos are so helpful.
Thanks Mehak! I'm happy to help! 😁
Thank you for all the information and professional explanation
I'm happy to help! =)
Super informative! Thank you so much! You've answered so many of my questions and concerns.
Thank you so much Mika! That's what I love to hear! I'm glad it was helpful! =)
@@CanadianTShirt Just subscribed to your channel :)
@@mikamori9456 Thanks Mika! 🙏
nice video looking forward for your business videos such as captial cost allowance etc. rental income employment income
You got it Gerry! I'll be making a whole series on the taxation rules regarding business income =)
Dayum amazing content...I'm addicted to your channel. Any plan for RRSP Explained Part 3? I feel like this is the part I really need!
Thank you Pierre-Olivier! I really appreciate that! If you have to be addicted to something, it might as well be financial literacy! =)
And yes I will be working on RRSP part 3 sometime in January so stay tuned for that! =)
Great information, I’m really interested in part 3. I hope it’s released soon.
You got it Bina! Part 3 will be coming in the next several weeks! =)
Hi Adrian, I hope you are doing well.
Thank you for sharing a ton on information on TH-cam. I have been following you for a long time. I am going to start investing in RRSP from this year. I have been following your RRSP videos on TH-cam. I have gone through part 1 and part 2 but I am not able to find part 3. It would be very helpful to know when you will be releasing part 3. Awaiting for your response. Once again thank you a lot for sharing the knowledge.
when will you post RRSP part 3? Can't wait to see!
Part 3 is definitely coming! I apologize for the wait, there is so many topics that I want to talk about! =)
Thanks Adrian for those videos! you cover these topics better than anyone else on YT.
It is me, or you never release part 3 of the RRSP Explained videos?
Thank you Michele! I really appreciate those kind words! 🙏
Not just yet but I am working on more RRSP videos in the next few weeks! =)
Great content! Keep it up!🙌🏻
Thanks June! I hope it's helpful! =)
Ok you are officially my favourite finance education channel. The information you provide is super helpful, to the point and easy to understand. Thank you!! Do you work in accounting?
Thank you! I really appreciate that! 🙏
And no, but I am the unofficial accountant of most of my family and friends 😆
@@CanadianTShirt Haha I bet! Can I ask what you studied in and in what field your are currently working?
Hi great video!!! Keep it up. Good information for everyone
Thank you Edward! I really appreciate that! =)
Was waiting for this video to drop since last week! Can you also do a video on types of investments to hold in RRSPs and how you can contribute when you have an individual RRSP and RRSP with your employer.
I'll be making a whole video on employer based pensions and RRSPs but generally I would suggest maximize the RRSP or pension matching offered by your employer and then all other RRSP contributions should be done on your own since your employers RRSP plan most likely comes with a high management fee. When they are matching your contributions, that's free money so it's definitely worth it but after that, it just becomes another expensive mutual fund. I hope that helps! =)
Hey Adrian,
Can you do a video on what you look for when choosing a stock? cheers!
You bet! I'll be making a video where I show the steps I follow when researching a stock before I invest =)
Am I missing something or we just don't have part 3 after this? This content is so good...
I made an unofficial part 3 called RRSP MISTAKES. I actually have 5 videos in my RRSP Explained playlist so please check those out! =)
th-cam.com/play/PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz.html
Parts 4 and 5 have some very important RRSP tricks that most people aren't aware of =)
Super video 🥰 waiting for next part
Thank you Liliana! I will be working on part 3 in the next several weeks! =)
Great video as usual! I'm so looking forward to your RRIF video!
Thank you!!! 🙏 I will probably get to that RRIF video sometime in June =)
Great context as always Adrian. Thank you.
Thank you Will! I hope it was helpful! =)
Hi T-shirt, your videos are awesome! May I know where is RRSP part 3?? Looking forward.
Thank you Alice! I will be working on RRSP part 3 sometime in November or December, stay tuned! =)
Adrian, do a video on what happens to our investments when we have to convert our RRSP account to a RIFF. For this reason I'd prefer to hold US growth stock and US stock that's mostly growth with smaller dividends in TFSA. Moving from RRSP TO TFSA is costly but not so vice versa.