CANADIAN Year End TAX SAVING TIPS / How to Pay LESS Taxes / Prepare for NEW YEAR /Canadian Tax Guide

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  • เผยแพร่เมื่อ 29 มิ.ย. 2024
  • How Can I Reduce my Tax Bill In Canada? How do I Financially Prepare for the New Year? What Money Saving Strategies can I do at the End of the Year? How Can I Maximize my Tax Return for 2020?
    I will be breaking down the best YEAR-END TAX SAVING Strategies in CANADA that I use Every December to Minimize my Tax Bill, Maximize my Tax Efficiency and Financially Prepare for the New Year! These are tips that everyday Canadians can take advantage of to reduce their taxes on Employment and Investment Income!
    CANADIAN TAX GUIDE: 🇨🇦
    Watch my videos to learn the basics of Canadian Taxes and Tax-Sheltered Accounts like the TFSA, RRSP and RESP
    • Canadian TAX Guide
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    Remember the Tax Filing Deadline is April 30!
    SKIP AHEAD ⏩
    -Intro: 0:00
    -Maximize TFSA: 0:55
    -Transfer to TFSA: 2:53
    -Maximize RESP: 4:18
    -TFSA Withdrawal: 5:20
    -Tax Loss Harvesting: 6:42
    -Superficial Loss: 9:25
    -Loss Transfer to TFSA: 10:11
    -Delay Capital Gains: 11:07
    -RRSP Contributions: 12:00
    -Maximize Employer Benefits: 13:50
    -Summary: 14:34
    WATCH NEXT ▶️
    -How Taxes Work in Canada - • HOW TAXES WORK IN CANA...
    -TFSA Explained Investing Tax Free - • TFSA Explained | Inves...
    -RRSP Explained Part 1 - • RRSP Explained Part 1 ...
    -4 Steps to Become Wealthy - • 4 Steps to Become Weal...
    -How to Open Questrade Account - • How to OPEN QUESTRADE ...
    -How to Buy Stocks on Questrade - • How to Buy Stocks? QUE...
    -How to Buy US Stocks on Questrade - • How to Buy US Stocks ...
    -Best Canadian Stocks During Crash - • Video
    -What is a DRIP? Compounding Dividends - • What is a DRIP? Invest...
    -Best Canadian Dividend ETFs - • BEST CANADIAN ETFs FOR...
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    Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies. I’ll be posting a video every Thursday =)
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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!
    I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
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    #CanadianTaxes #TaxFreeCanada #CanadianTaxGuide #CanadianFinance #TaxFreeInvesting #CanadianInvesting #CRA #TFSA

ความคิดเห็น • 797

  • @CanadianTShirt
    @CanadianTShirt  3 ปีที่แล้ว +3

    Check out the other videos in my CANADIAN TAX GUIDE 🇨🇦👇
    th-cam.com/play/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj.html

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Learn EVERYTHING about investing with my MILLENNIAL INVESTING GUIDE 👇
      th-cam.com/play/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g.html

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      And check out my CANADIAN CREDIT CARD GUIDE 👇
      th-cam.com/play/PLj8bU3AuW2qGixzriCuazZ1E5RznbhcFB.html

    • @neutrino09
      @neutrino09 3 ปีที่แล้ว

      Hello Adrian! I need some help/advice regarding disability tax issues. Are you hireable?

    • @ryankalavesis3466
      @ryankalavesis3466 3 ปีที่แล้ว +1

      Please do a video on RDSP for disabled Canadians!!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      @@ryankalavesis3466 I don't have any personal experience with RDSP but I can make a video on it if enough people are interested! You should invest in it similar to an RESP or TFSA, since US dividends will be charged a 15% withholding tax in an RDSP

  • @RITUALAOS
    @RITUALAOS 8 หลายเดือนก่อน +16

    Give the man an award as “the best dedicated Canadian citizen to the wellness of his country”

    • @CanadianTShirt
      @CanadianTShirt  8 หลายเดือนก่อน +2

      Awwww thank you so much for those kind words! I really do appreciate that! 🙏

    • @CanadianTShirt
      @CanadianTShirt  8 หลายเดือนก่อน +3

      I moved to Canada when I was very young and I LOVE this country! This is my home and I want to help as many of my fellow Canadians as I can 😊

  • @duncanalexander4907
    @duncanalexander4907 3 ปีที่แล้ว +25

    I fully appreciate your content as a fellow Canadian who is financially illiterate. I’m so grateful I stumbled across your channel. Thanks for sharing your knowledge!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thank you Duncan for those kind words! I'm glad you found me and welcome to my channel! 😁

  • @howtoadultschool
    @howtoadultschool 3 ปีที่แล้ว +2

    I'm so impressed with how detailed your videos are AND all the fabulous resources you have linked in the description!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Wow! Thank you! I really appreciate that and I'm so happy to hear that you are finding value in my videos! =)

  • @rnsnceman4278
    @rnsnceman4278 ปีที่แล้ว +1

    Thank you brother. You're really helping me understand something I thought I would never be able to sit thru to comprehend but your enthusiasm in teaching helps a lot.

    • @CanadianTShirt
      @CanadianTShirt  ปีที่แล้ว +2

      Thank you for those kind words bud! That's what I try to do! I know taxes aren't the most exciting thing in the world but they are so important to learn! You can't win a game if you don't learn the rules!

  • @jasonstupak4535
    @jasonstupak4535 3 ปีที่แล้ว +8

    A Canadian in a T-Shirt! Watched and liked, thanks Adrian. Merry Christmas, and all the best in the New Year!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thank you Jason! I appreciate the support as always and Merry Christmas to you too! =)

  • @vdnik
    @vdnik 6 หลายเดือนก่อน

    You are simply the best! Clear and effective in your explanation. I swear I cannot understand some TH-camrs lol or their speech/format is literally hard to follow, but you are amazing! Thank you for what you do!

  • @MuhammadAli-ou2vm
    @MuhammadAli-ou2vm 3 ปีที่แล้ว +2

    Hello,
    You are the most helpful person on TH-cam. Extremely transparent and to the point. Thank you so much for your advice.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Wow! Thank you Muhammad so much for those kind words! You just made my night! It really means a lot to me and I'm happy that my videos have been able to help so many people. Happy Holidays! =)

  • @patrioticacorn
    @patrioticacorn 3 ปีที่แล้ว +41

    Your videos are extremely helpful and have helped me greatly with stocks!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thank you! I'm really happy to hear that my videos are helpful! =)

    • @rochellew4472
      @rochellew4472 3 ปีที่แล้ว +1

      @@CanadianTShirt because he is the best!’n

  • @Patgenois75
    @Patgenois75 3 ปีที่แล้ว +43

    You're the friend I wish I had when I was in my 20s loll Merry Xmas and keep up the great work.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +6

      Thanks Patrick! That's so kind of you to say! I'm sure I annoy the crap out of my friends when I always try to give them unsolicited money advice but somehow they put up with me 😅 Merry Xmas to you too! 😁

  • @priya_p88
    @priya_p88 3 ปีที่แล้ว +1

    Excellent and accurate content!! You just reinforced what I knew and thank you for the new tips that I just discovered!! Looking forward to watch and learn more from your other videos!!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Priya! I'm glad the video was helpful! Happy new year! =)

  • @abilashmurthy7575
    @abilashmurthy7575 3 ปีที่แล้ว +1

    Yet another awesome video with tons of value.... One of those channels which I love watching in 1X speed :D Kudos Adrian!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thank you Abilash! I appreciate your support as always and I'm so happy to hear that my videos are helpful and provide value! 🙏

  • @davidslobod5726
    @davidslobod5726 3 ปีที่แล้ว +1

    Each of your videos are so chock full with information I can hardly wait until the next one arrives. Thanks for all the info you shared this year. Hope you had a Merry Christmas and best wishes for 2021.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you David! I really appreciate that and thanks for the Facebook message as well! Merry Christmas to you as well and happy new year! =)

  • @ReeceCaruso
    @ReeceCaruso 3 ปีที่แล้ว +1

    Really great suggestions! and this is such an important topic to be discussing at the moment, I really enjoyed the video!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Reece! I really appreciate that and I'm glad it was helpful! =)

  • @RaymondChouPhoto
    @RaymondChouPhoto 3 ปีที่แล้ว +1

    Great content as usual Adrian! Especially found your tips regarding how to reduce capital gains tax super helpful. Merry Christmas!!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Raymond! I'm glad I was able to teach you something new! Merry Christmas! =)

  • @shoaibjaved2633
    @shoaibjaved2633 3 ปีที่แล้ว +1

    Thanks for making this video! Dont stop making them.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      You got it buddy! I'm excited to make even more fun stuff in 2021! =)

  • @user-yq9xk4hx6h
    @user-yq9xk4hx6h 3 ปีที่แล้ว +2

    As always, great video, Adrian! Writing this comment to help your youtube algorithm.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thanks buddy! I appreciate you helping me out with the algorithm! =)

  • @oksanazhuravel4556
    @oksanazhuravel4556 3 ปีที่แล้ว +1

    Amazing video again!!! Thank you for sharing this information with us!
    Merry Christmas and happy new 2021!!!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Oksana and Merry Christmas to you too! =)

  • @TansuTansu2
    @TansuTansu2 3 ปีที่แล้ว +2

    Extremely helpful advice - I also took a plunge into the markets based on your Canadian Bank investment video. I bought TD @ $59.50 in my RRSP and set up the drip and it is up 20.75% since November - thank you for your help!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Way to go Tansu! That's awesome! =)

  • @JD-vw6eq
    @JD-vw6eq 3 ปีที่แล้ว +1

    Another condensed knowledgeable video! Appreciate the Canadian specific contents, keep it up, u got my 👍 always

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I'm glad to hear that my videos are so useful! =)

  • @JD-vw6eq
    @JD-vw6eq 3 ปีที่แล้ว +2

    The original and one of a kind Canadian focused content amazes me. Thanks for sharing the wealth of knowledge. A fellow Canadian thanks you. I won't forget to punch that like button. Next on my wishlist= "how to do your taxes in Canada"

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thanks buddy! I really appreciate those kind words and I'm glad that you find my videos so helpful! 🙏
      And you got it! I will be making several video tutorials on how to file your own taxes in February and March =)

  • @AV-gw4mx
    @AV-gw4mx 3 ปีที่แล้ว +1

    Yassss!! Thank you Adrian!! Happy new year!! 💕

  • @Marylao11
    @Marylao11 3 ปีที่แล้ว +1

    Very helpful! Thank you for making amazing videos! very clear!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I'm happy to hear that this video was clear and helpful! =)

  • @KirstenSunesen
    @KirstenSunesen ปีที่แล้ว +1

    Great info and reminders. This gave me some great options and ideas. Thank You!

    • @CanadianTShirt
      @CanadianTShirt  ปีที่แล้ว +1

      My pleasure Kirsten! I'm glad you found it helpful! =)

  • @Hananguyen.Realestate
    @Hananguyen.Realestate 3 ปีที่แล้ว +1

    Thank you for another detailed video! Happy holiday 🎄🎁

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Hana! I'm glad it was helpful! Happy Holidays! =)

  • @C4NUR43DM4N4M3
    @C4NUR43DM4N4M3 3 ปีที่แล้ว +2

    Very pleasantly surprised that you included health benefits as an important factor. Not enough people take it into consideration when making important decision involving money! Glad I subscribed.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      You got that right! It's funny, most people (myself included) do NOT fully appreciate the value of those health benefits until they're gone! Paying for the dentist out of pocket definitely hurts! 😆

  • @abxsow
    @abxsow 2 ปีที่แล้ว +1

    Great video! I will take notes and utilize these tips at the end of the year…can’t wait to see the business tax tips video when it’s out!

    • @CanadianTShirt
      @CanadianTShirt  2 ปีที่แล้ว +1

      Thanks buddy! I touched on some tax savings strategies in this video on WHY you should start a business in Canada, check it out! =)
      th-cam.com/video/XvrBNnKj52Y/w-d-xo.html

  • @marinmq
    @marinmq ปีที่แล้ว

    Thanks Adrian. Very well explained.

  • @sharathkarthik7347
    @sharathkarthik7347 3 ปีที่แล้ว +1

    Right video at the right time. Really helpful tips. Thanks a ton..👍🏽

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thanks Sharath! I appreciate that buddy! =)

  • @anujarora6220
    @anujarora6220 3 ปีที่แล้ว +1

    Amazing video adrian✨, Gonna shrink taxes by this ways in 2021 assessments. Thank you again!!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      That's what I love to hear! Thanks Anuj and Happy Holidays! =)

  • @AC-MAIN
    @AC-MAIN ปีที่แล้ว

    Not only is this good info, It was delivered wearing a Ferrari T-shirt… Can’t beat that. Thanks

  • @asim1017
    @asim1017 3 ปีที่แล้ว +3

    Great stuff, thank you Adrian.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +3

      Thank you Eli! I appreciate that! =)

  • @Dejan_23Unlimited
    @Dejan_23Unlimited 3 ปีที่แล้ว +1

    Thank you and
    Happy Hollidays!
    And grow accounts ...

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Dejan and right back at you! 😁

  • @Ericteoh25
    @Ericteoh25 2 ปีที่แล้ว

    Hello Arian, I feel like you are an accountant deep down inside even though I know you are not. Thanks so much for making these videos to educate us.

  • @ericfoss5457
    @ericfoss5457 3 ปีที่แล้ว +1

    So helpful. Could watch your videos for hours

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Eric! That really means a lot to me. I'm glad that my videos are binge-worthy! =)

  • @Ray-kd3lq
    @Ray-kd3lq ปีที่แล้ว +1

    Thanks! Love your video and super informative!

    • @CanadianTShirt
      @CanadianTShirt  ปีที่แล้ว +2

      I'm so happy to hear that! Thanks for watching! =)

  • @asim1017
    @asim1017 3 ปีที่แล้ว +5

    Adrian bro I appreciate you replying to the comments. Some times people ask the same questions I am thinking of.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +7

      Thank you Eli! That's why I love engaging with you guys and I spend at least 3 hours a day responding to comments! I know how intimidating and confusing the finance world can be, especially for beginners so I pride myself in creating a forum of discussion in the comments section that many people can benefit from! =)

    • @asim1017
      @asim1017 3 ปีที่แล้ว +2

      Question 🙋‍♂️ you covered some of this in your video. I have US stocks like Apple NIO and Tesla in my personal account. The only reason I bought them in a personal account is to keep things simple for taxes and I wanted my TSFA to have nothing to do with taxes and just invest in the Canadian market but I have plenty of room in my TSFA. Is it worth transferring them to my TSFA and Is it true that you don’t have to pay tax on growth stocks in the USA market if you own them in a TFSA. Thank you once again I appreciate your time answering these questions 🙏

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +4

      ​@@asim1017 yes capital gains are 100% tax free in a TFSA, even from US stocks. My strategy is to reserve my TFSA for dividend stocks and REITs since they get the most benefit of the tax-sheltered account. Growth stocks like Tesla don't earn you any income and thus you don't pay any taxes on them for years UNTIL you sell them! And once you sell them, capital gains are the most tax-efficient form of investment. So if you have to pay taxes on something, capital gains are the best one which I why I keep them in my non-registered account. But if you have the room in your TFSA, you can absolutely hold them there as well for zero taxes =)

    • @asim1017
      @asim1017 3 ปีที่แล้ว +1

      @@CanadianTShirt That answers my question. Thank you 🙂

  • @abywasg6813
    @abywasg6813 3 ปีที่แล้ว +1

    Merry Christmas Adrian .you nailed it as usual thanks

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Aby and Merry Christmas to you too! =)

  • @dmich4822
    @dmich4822 3 ปีที่แล้ว +1

    Very informative. You made me understand finance in a very simple way by all your videos.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you! I'm happy to hear that my videos are helpful! =)

  • @rockymountain6599
    @rockymountain6599 3 ปีที่แล้ว +1

    Awesome video. Thanks for sharing your knowledge in a simple and concise way.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I'm glad you find my videos helpful and Happy New Year! =)

  • @lenajerabek714
    @lenajerabek714 3 ปีที่แล้ว +1

    Really great summary - thank you!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Lena! I'm happy to hear it was helpful! =)

  • @ryleyhayterdc
    @ryleyhayterdc 3 ปีที่แล้ว +1

    Amazing content, thanks for all of your help man!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Ryley! I appreciate that! =)

  • @mauriciogabarron2395
    @mauriciogabarron2395 2 ปีที่แล้ว

    Hey Adrian, I am a newcomer here, and I just wanted to send out my thanks for helping me to understand this account

  • @kanibaldre
    @kanibaldre 3 ปีที่แล้ว +1

    Wow I see the 4k upgrade. Good info like always.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Carlos! Ya it's definitely more complicated than my old point-and-click camera but the image looks super clear! I keep filling up my memory card though 😅

  • @gulammohiddin5747
    @gulammohiddin5747 3 ปีที่แล้ว +1

    I'm saving this video to my important videos playlist.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thanks Gulam, that's what I love to hear! I'm glad it was useful! =)

  • @andrewianni10
    @andrewianni10 3 ปีที่แล้ว +1

    Great advice! Very well summed up.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I'm glad it was helpful! =)

  • @The-Opium-Den
    @The-Opium-Den ปีที่แล้ว +1

    I'm not sure if anybody else has noticed this, but the audio becomes softer and quieter near the end of the video. It doesn't take away from the quality of the information given, but I find it does hurt immersion. Thanks for the vid, Canadian in a T-Shirt! I'll make sure to take advantage of what I've learned from this TFSA series for my 2023 passive income strategy.

    • @CanadianTShirt
      @CanadianTShirt  ปีที่แล้ว +1

      That's unusual... I didn't notice that while I was editing this video but I'll check it out! I did film this video two years ago and my audio and camera equipment has improved since then so hopefully the audio is much better in my more recent videos! But thanks for pointing it out! =)

  • @stormtrop4
    @stormtrop4 3 ปีที่แล้ว +1

    Another great video; happy new year!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! Happy new year! =)

  • @lianap1147
    @lianap1147 3 ปีที่แล้ว +1

    Excellent! Very useful info! Thank you!👍

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Liana! I'm glad you found this video helpful! =)

  • @uncleunko2154
    @uncleunko2154 3 ปีที่แล้ว +1

    Great video. May want to talk about SRSP too. This is super confusing for most Canadians but super helpful for balancing spousal incomes...

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +3

      Absolutely! I am planning on making a video on tax-saving strategies for spouses! I don't have any personal experience with that but it is one of the things I am looking forward to most about getting married! 😆

  • @abhispace4
    @abhispace4 3 ปีที่แล้ว +2

    Thanks Adrian, it is because of your videos I found from several months ago I have added a significant portion of my savings invested in a tax-sheltered account and I feel great knowing that since I worked for my money, now my money is working for me. And what a day to release this video, on Christas Eve! Merry Christmas!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      That's what I love to hear!!! You work hard for your money so make sure that your money is working even harder for you! Merry Christmas! =)

  • @tlb23
    @tlb23 3 ปีที่แล้ว

    Awesome video again Adrian!
    ps: I see you with that new 4K camera haha. Great content accompanied with quality footage. Love to see it. :)

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว

      Thanks buddy! Ya it's definitely more complicated than my old point-and-click camera but the image looks super clear! I keep filling up my memory card though 😅

  • @drakezen
    @drakezen 3 ปีที่แล้ว +1

    Your videos are great. I'm going to binge watch them :)

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I'm happy to hear that my videos are binge-worthy! =)

  • @Terakin
    @Terakin 3 ปีที่แล้ว +1

    Thanks for the very valuable content. Cheers!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Dwight! I'm happy to hear it was helpful! =)

  • @Venkmn
    @Venkmn 3 ปีที่แล้ว +1

    Hey Adrian! I've been meaning to get around to becoming a member since you provided the option... and here I am! Looking forward to a year of video's and advice. Cheers!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thank you Brad! I really appreciate you supporting my channel! I can't wait to see what 2021 has in store for us! 🙏

    • @Venkmn
      @Venkmn 3 ปีที่แล้ว

      @@CanadianTShirt Would love to be able to review my portfolio with you sometime. I've grown by leaps and bounds in 2020, in large part with your advice!

  • @MannyRataul
    @MannyRataul 3 ปีที่แล้ว +1

    Love these videos, keep it up man!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Manny! I appreciate that! =)

  • @jangyman
    @jangyman 3 ปีที่แล้ว +3

    Thank you Adrian! ...you always pack so much info into these posts ...def need to re-watch.
    All the best to you in the new year! Looking forward to it ...kind of interested to see how Questrade distributes reports for tax purposes. Cheers!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +4

      Thanks buddy! I'm happy to hear that my videos are so helpful and thanks for supporting my channel as always! 🙏
      By the way, if you want to see your Questrade tax slips go to
      Reports -> Tax Slips
      They should be available by early March =)

    • @jangyman
      @jangyman 3 ปีที่แล้ว +1

      Awesome - thank you!
      I'll set a reminder note in my calendar to check that. 👍

  • @mrkimchii3907
    @mrkimchii3907 3 ปีที่แล้ว +1

    Thank you for the helpful information!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Sam! I'm glad my videos are helpful! =)

  • @maggielei2915
    @maggielei2915 3 ปีที่แล้ว +1

    Very helpful video. Thanks a lot!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Maggie! That's what I love to hear! =)

  • @haydenres3484
    @haydenres3484 3 ปีที่แล้ว +2

    Early club! Nice shirt too!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +3

      Way to go buddy! And thank you! Hopefully one day I'll be able to show off more than just a T-Shirt! 🤞

  • @julien6805
    @julien6805 3 ปีที่แล้ว +1

    Wow your channel is so clear and informative! I just started looking into investing, I'm so glad I found your videos. Keep the good work!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Julien! I really appreciate that and I'm happy to hear that my videos are helpful and accessible! =)

  • @dinushaphotography9424
    @dinushaphotography9424 ปีที่แล้ว +1

    Really good tips. RSP doesn’t allow your money to grow tax free. Eventually when you redeem from RSP you pay taxes.

    • @CanadianTShirt
      @CanadianTShirt  ปีที่แล้ว +1

      Of course! It's tax sheltered for years or decades UNTIL you decide to withdraw during retirement but the goal is that you will reduce your tax bills today in your high income years and pay a much LOWER tax bill years down the line in retirement. I cover this in detail in my RRSP EXPLAINED videos here =)
      th-cam.com/video/gcYlQl6hF6w/w-d-xo.html

  • @SunnyUBC
    @SunnyUBC 3 ปีที่แล้ว +1

    Great extremely relevant useful & concise video! I wish you did more videos

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I'm happy to hear that my videos are helpful! It takes a ton of work to prepare and film and edit these videos, maybe one day when I hire a team of editors to help me, I can upload more frequently but for now, I'm just one guy =)

  • @anthonyvipond7477
    @anthonyvipond7477 3 ปีที่แล้ว +2

    Hey Adrian,
    Just signed up. Thanks for the high quality content focused on Canadians. I wonder if you could make more content in the future to assign small business owners with revs of 1M or less a year. Covering things like the Small business deduction limit, tax planning, business expenses, tax deferral using a business, etc. Maybe a lot of your users have small businesses like myself. All in all it feels like it's not that difficult to master personal finance (TFSA, RRSP, etc) but when it comes to small business strategies for profitability and tax planning it is much more in depth. Thanks and keep it up!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +3

      You got it Anthony and I'm definitely planning that! I'm going to be starting a whole series of videos on business income and taxation strategies like business expenses, incorporating, etc so stay tuned for that! =)

  • @Chap17
    @Chap17 ปีที่แล้ว

    Great context..thank you

  • @kayanaaa
    @kayanaaa 3 ปีที่แล้ว +1

    Very informative video as usual! Happy new year :)

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy and happy new year! =)

  • @timinedmonton
    @timinedmonton 3 ปีที่แล้ว +1

    Your videos are awesome dude!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I really appreciate that =)

  • @jakecasselman7858
    @jakecasselman7858 3 ปีที่แล้ว +1

    Awesome video! Thanks for the effort this must have taken :)

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Jake! I'm glad you find my videos helpful! =)

  • @ZC21322
    @ZC21322 6 หลายเดือนก่อน +1

    The best man for any tax issues.... Love from Toronto

    • @CanadianTShirt
      @CanadianTShirt  6 หลายเดือนก่อน +2

      Thanks buddy! I'm in Toronto right now as well! 😁

    • @ZC21322
      @ZC21322 6 หลายเดือนก่อน

      @@CanadianTShirt wow... You should do some workshops in Toronto... We would love to meet u in person

  • @ALY-mp3kn
    @ALY-mp3kn 3 ปีที่แล้ว +1

    Love you! Well said.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Right back at you! Happy Holidays! =)

  • @hv3300
    @hv3300 3 ปีที่แล้ว +1

    Excellent video as always.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you! I'm glad it was helpful! =)

  • @mushthaqueinsamam
    @mushthaqueinsamam 3 ปีที่แล้ว +4

    Good job 👏🏻 thank you ☺️

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I hope it was helpful!
      By the way, congrats on being first! 🏆

  • @ramican9155
    @ramican9155 3 ปีที่แล้ว +1

    Great video!!! Thank you.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Rami! I'm glad it was helpful! =)

  • @christinesabbagh623
    @christinesabbagh623 ปีที่แล้ว +1

    thanks for sharing your knowledge :)

    • @CanadianTShirt
      @CanadianTShirt  ปีที่แล้ว +2

      You got it Christine! Thanks for watching! 😁

  • @addmealan
    @addmealan 3 ปีที่แล้ว +2

    Best channel I’ve ever heard

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Blue! I really appreciate that! =)

  • @mayankrai345
    @mayankrai345 3 ปีที่แล้ว +1

    Great video, awesome content!!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thank you Mayank! I'm happy to hear that my videos are helpful! =)

  • @MC-ff2rv
    @MC-ff2rv 3 ปีที่แล้ว

    Adrian - recently found your channel, subscribed, and am now a member as well. Some of the best/clear, and effective Canadian investing and personal finance content around. I have sent your links to my millennial kids so they get to benefit for the next 30-40 years! Like one of the other commenters, wished I had your advice when I was in my 20s! Q. I have a ton of both RRSP and TFSA space available and I just received a very big cash bonus from work - do I pour it all into RRSP for the income tax benefits? Or mix and match with TSFA? Thanks in general for all the excellent content.

  • @guanacoyyz9646
    @guanacoyyz9646 2 ปีที่แล้ว +1

    Great video! Thanks for sharing your knowledge to us and to explain it in mortal language :-)

    • @CanadianTShirt
      @CanadianTShirt  2 ปีที่แล้ว +1

      It's my pleasure Jaime! That's what I try to do! 😁

  • @spiroxenos7347
    @spiroxenos7347 3 ปีที่แล้ว +1

    all the best for 2021

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! Right back at you! =)

  • @jorgec7017
    @jorgec7017 3 ปีที่แล้ว +1

    Love these videos.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      And my videos love you!!! I'm glad they were helpful! =)

  • @johnhuges8818
    @johnhuges8818 3 ปีที่แล้ว +1

    Adrian
    Our Canadian main man.. we like your channel - keep up the great work

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thanks John! I appreciate that 🙏 Happy new year! =)

    • @johnhuges8818
      @johnhuges8818 3 ปีที่แล้ว

      @@CanadianTShirt you are awsome & we are proud of you brother .. All the best for 2021

  • @k______..
    @k______.. 3 ปีที่แล้ว +1

    thanks for another great video!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      I'm glad it was helpful! Happy Holidays! =)

  • @jeremyaficionadoFR
    @jeremyaficionadoFR 3 ปีที่แล้ว +1

    Very good strategies that I will try to use in my future years, when I'll become Major :) Good quality content !

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thanks buddy! I'm happy to hear that my video was helpful! =)

  • @HighFlyActionGuy
    @HighFlyActionGuy 3 ปีที่แล้ว +1

    Just finished the whole tax guide. Thank you so much.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Wow! That's one heck of a binge! I hope you found it helpful! =)

    • @HighFlyActionGuy
      @HighFlyActionGuy 3 ปีที่แล้ว +1

      @@CanadianTShirt all your videos are incredibly helpful. I've already shared them with friends so they can benefit from them as well. I've just joined as a member and I hope some of them do too.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      @@HighFlyActionGuy Thank you so much buddy! I appreciate your support and I can already see your member badge next to your name 🙏
      And thank you for spreading the word to your friends! As a TH-camr, that is the best compliment I can receive 😁

  • @adamn.farhan3981
    @adamn.farhan3981 3 ปีที่แล้ว +1

    Great content as always

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Adam! Happy Holidays! =)

  • @JacksonLees
    @JacksonLees 3 ปีที่แล้ว +1

    I really appriciate your videos.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I'm happy to hear that my videos are useful! =)

  • @ddk1062
    @ddk1062 3 ปีที่แล้ว +1

    As usual Good one.👍

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! I'm glad it was helpful! =)

  • @cheynebest7028
    @cheynebest7028 3 ปีที่แล้ว +2

    I love a tfsa... what a gift! Im surprised it hasn't been taken away but we would have alot of push back in that scenario or I would sure hope so.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      I don't think the TFSA will ever be taken away, it would be political suicide since it's so popular among everyday people and rightfully so! =)

  • @Tobi_Jones
    @Tobi_Jones 3 ปีที่แล้ว +1

    great video, there is not enough good finance videos on TH-cam for Canadians

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks Tobi! That's why I started this channel in the first place! We need more Canadian content out there! =)

  • @TheIshanDANTE
    @TheIshanDANTE 3 ปีที่แล้ว +5

    Your videos get me started with all this investment planning. Thank you very much for doing all this. I never understood a thing as it always looked very complicated to me from the beginning but the way you explained this all from your first video, it all makes sense.
    BTW, when are you going to release RRSP part 3?! Really want to learn more about it so I can properly start investing for home buyers plan 😅.
    Again, thanks very much.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thanks Ishan! I really appreciate that and I'm glad that my videos helped you get started with investing!
      I should be working on RRSP part 3 soon in the next several weeks so stay tuned for that! =)

  • @studenth1504
    @studenth1504 3 ปีที่แล้ว +1

    thanks for looking out.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      That's what I try to do! Happy Holidays! =)

  • @jobsonsilva8032
    @jobsonsilva8032 3 ปีที่แล้ว +1

    YOU ARE THE BEST!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Right back at you buddy! I'm glad the video was helpful! =)

  • @EM_life-gr8sn
    @EM_life-gr8sn 3 ปีที่แล้ว +1

    You rock Adrian. 👍🏼

  • @alrainino
    @alrainino 3 ปีที่แล้ว +1

    I really appreciate your contents. Thank you for putting these informations out. For future videos, pls do one about Wills. This is one area that is not so clear to me and I believe most young families.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thank you Alrai and that's a great video idea but I will be honest, I don't have any personal experience with wills. That is something you should absolutely do with a lawyer =)

  • @rocelletiu7188
    @rocelletiu7188 3 ปีที่แล้ว +1

    Thanks for this.

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      You got it Rocelle! I hope it was helpful! =)

  • @al-1852
    @al-1852 3 ปีที่แล้ว +1

    Great video, Adrian! Thanks for sharing.
    I was hoping that you touch base on some additional tax tips that can reduce the tax bills, such as claiming part of the rent/mortgage, new computers and equipment, internet, etc?
    Maybe make a part 2 but soon please? 😂

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      That's all for business taxation and I will be making a WHOLE series of videos about that so stay tuned! =)

  • @Mist_R
    @Mist_R 3 ปีที่แล้ว +1

    Very very informative!

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thanks buddy! That's what I love to hear! =)

  • @JesikaKula
    @JesikaKula 3 ปีที่แล้ว +1

    These are SO helpful!!! Thank you so much! I was just wondering, have you made a video yet on how to do taxes for your sole proprietorship/LLC/side hustle? :)

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +3

      Thanks Jesika! And it's coming up! I will be making a WHOLE series of videos on starting your own business, deducting expenses and business taxation so stay tuned! =)

  • @better.present
    @better.present 3 ปีที่แล้ว +1

    Another Great Video Adrian! 🙏

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +1

      Thanks buddy! Happy Holidays! =)

    • @better.present
      @better.present 3 ปีที่แล้ว

      @@CanadianTShirt To you too!
      Can you share basic deductions that someone can claim from their job income. I don't think they were discussed in this video. 😅

  • @krenier
    @krenier 3 ปีที่แล้ว +1

    i start investing 3 month ago and your video help alot ! thanks :D

    • @CanadianTShirt
      @CanadianTShirt  3 ปีที่แล้ว +2

      Thanks buddy! That's what I love to hear! Keep it up! =)