Tax Brackets in Canada explained in Malayalam | How to save on taxes | Save on taxes using RRSP
ฝัง
- เผยแพร่เมื่อ 23 ส.ค. 2024
- Tax Brackets explained in Canada 2020 in Malayalam | Canada stock market Malayalam | How to save on taxes in Malayalam | എങ്ങനെ കാനഡയിൽ Tax Save ചെയ്യാം | Save money for your first house with RRSP using HBP.
In this video , we are covering different tax brackets in Canada and how to save on taxes with RRSP contributions and use it for first time Home Buyers Plan.
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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!
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Adipoli. Bro. Informative.
Nice aayitu present cheythu
Thanks Jithin Bro :)
Simple aayi explain cheythallo bro. Thank you 💕
Thanks Deepu. I am planning to upload weekly informative videos related to these topic. Please stay tuned.
Very informative videos thanks 🙏 waiting for the next one
Thanks Tom for your support, sure will upload one in next week.
Bro, informative vlog
Pls explain about investment taxes in the next video
Thank you . Will do one regarding that topic. Meanwhile you can take a look in this video - th-cam.com/video/ynkdq2h_61o/w-d-xo.html
Very informative
Thanks. Glad you liked it
Adipoli 😃
Thanks LS
nice presentation
Thanks Bro
Nice one 👌
Thanks 🔥
Sir Can you please make a video about tax return procedures. Is that possible to do it without help of an accountant
We can do tax returns by our self using some of the online Tax tools such as turbo tax and simple tax calculator. Will add that to my to do list. Will try to make one regarding that topic.
👏🏻👏🏻👏🏻
Videos for students financial tips
Yeah sure, I will try to include financial tips for students. I was also a student , so I know the struggle. But still these videos are helpful for students as well . Because they are the ones whose gonna be the next full time employees in Canada.
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സാധാരണഗതിയിൽ ഒരാൾക്ക് അവിടെ eg: dishwasher kk eathra rupa eatrarupa monthely earn cheyan പറ്റും? നാട്ടിലേക്ക് ഒരു 90000കുറയാതെ അയക്കാൻ പറ്റോ?PR ഉദ്ദേശിക്കുന്നില്ല.!!
It depends on your lifestyle. In Ontario, minimum wage is $14.25/hour. Normally a person will be doing 40hrs/week. So if you want to save money, you might need to do overtime or find one more job as well.
Chetta canada il nammide salary ile pakuthiyolam tax aayi pokumenn alukal parayunnath shariyaano
Canada is also having a progressive tax system like many other countries. You can check the tax rates using the given tax calculator in the video description.
Bro very good video.
One question bro. How do I calculate my family income tax bracket? For example, my family's total income is 60000$ living in Quebec. And Is there any benefit for doing with family?
Thank You. When it comes to file taxes you both need to file taxes Individually. There some benefits for couples such as child care benefit , Spousal RRSP and so on. Here is the link to some of the useful articles - turbotax.intuit.ca/tips/family-tax-in-canada-5117 , turbotax.intuit.ca/tips/filing-coupled-taxes-in-canada-450
@@canadianfinlife thanks bro.
Bro rrsp oru fixed rate thannaii contribute chayyanam ennu undoo or ullathupolaii ittal mathiyoo
Yeah. Ishttam ulla amount ittathy. Check what's your maximum limit in CRA account
@@canadianfinlife bro e CIBC bank okkaii oru rrsp kanikkundu athu bro paranjathum rrsp same aanno or different function aanno
Same aaanu . Nammakk multiple RRSP accounts ukal start cheyyam. Wealthsimple Trade il okke annenkil nammakk aaa account vach stocks or ETF medikkan pattum
@@canadianfinlife bro wealthsmiple aanno biggnerkku nallathu
Easy to use aanu and I am using Wealthsimple Trade for my RRSP account
Thanks for the video. Just a quick qn. For eg, In Ontario, for the lowest tax bracket, does the 20.05% tax (15+5.05) include CPP and EI?
No, That's separate . That's not considered as taxes. You will get tax credits for those deductions.
@@canadianfinlife I see. Thanks for the quick reply.
@@canadianfinlife One more question. Do you know, how is tax deductions calculated in each pay cheques? Is it by comparing paycheque amounts to the annual tax brackets?
It depends upon the company. Usually it depends on the annual amount. You might need to ask to the employer how they are are deducting the amount or you can use the Tax calculators mentioned in the video to get an understanding of how much taxes you owe.
@@canadianfinlife sure. I'll do that. Thank you very much for the response
Sir , number kittan vazhi undoo
Chetta ith annual ano monthly aano
Its annual
25000dollar earned from day trading how much I have to pay tax .I live in Saskatchwan
I have attached the Tax calculator tool in the video description. So over there, there is a column called "Marginal Rate on Capital Gains" . That's the percentage you are paying for all your capital gains. Simply 50% of the capital gains($12,500 in here) will be added to your Annual income.
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@@tomjose2006 hi tom are u a student?
@@ASH-kc2qo no
Chetan EY ilano work cheyyane
No Bro. I am a software engineer
@@canadianfinlife Bro adyayit varunnavark etom nalla province etha .. joli kand pidikanum oke vech nokumbol?
It depends upon the education and experience. If you are in IT, Ontario would be the best option. For mechanical and trades, western provinces would a better option.