Did you know that taxes can be one of your top 3 expenses? Think about it - depending on your marginal tax rate, you can be taxed between 20% to over 50% of your income. Taxes can seem scary and complicated and one of those rites of passage as an adult. Today, I will go over the basics of individual taxation, how taxes work, and ways to minimize your taxes in Canada!
00:00 Intro
00:54 Tax Rates
03:08 Tax Basic Concept
04:33 Employment Income
05:18 Investment Income
06:49 Business Income & Expenses
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RECOMMENDED BOOKS ABOUT MONEY
► The Intelligent Investor by Benjamin Graham: https://amzn.to/2Y1Bxm4
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CONNECT WITH ME
🌍 My website/blog: https://www.msbalancegabriellelee.com
📸 Instagram: @ms.balance.gabriellelee
https://instagram.com/ms.balance.gabriellelee
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WHO AM I:
I'm Gabrielle, a CPA and Tax Manager at one of the Big 4 Accounting Firms in Canada. I post weekly videos on Everything Money & Career.
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Disclaimer: Note this video is not tax advice and is for informational purposes only. Please consult with your tax adviser in regards to your specific financial and tax situation.
*This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
#CanadianTaxes #CanadianFinance #CanadianTaxGuide #TaxFreeCanada #TaxFreeInvesting #CanadianInvesting #CRA
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