HOW TAXES WORK IN CANADA | REDUCE YOUR TAX BILL | Canadian Tax Guide Chapter 1

How do Taxes Work in Canada? What are Tax Brackets? How can I reduce my Tax Bill with Deductions and Credits? I’ll be breaking down all of the basics of Canadian taxes for regular income, business income and investment income and I’ll go over some of the best tax saving strategies out there.

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SKIP AHEAD: ⏩
-Intro: 0:00
-Tax Basics: 0:21
-Tax Brackets: 0:44
-Marginal Tax Rate: 1:28
-Tax Calculation Example: 2:34
-Online Tax Calculator: 6:06
-Business Income: 8:02
-Investment Income: 8:20
-Tax Credits: 9:22
-Tax Deductions: 10:51
-RRSP - 11:54
-Business Expenses: 12:59

TAX CALCULATOR: 💸

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I hope this video helps guide you through the world of Taxes!

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[amandaburns]

In 15 minutes you've taught us more about understanding our taxes than we've learned in our entire time in school....and the following 15 working years after that. 15 Minutes! That is an insane amount of value. Also it can be hard to find really good Canadian Content. Not impossible....but it takes a bit more effort. So thanks for showing up for us!!!

[sblair]

Can we just take a second to appreciate that we have 15 minutes of solid no BS information, and delivered at a pace where I DON'T have to play it at 1.5x speed!!! 🤣

[VinhLe-iyut]

They should of made this a course in high school :/

[greensoup]

“in this world, nothing is certain except death and taxes” - tax is such an important topic yet most of us were never taught about it in school properly. Thank you for explaining this huge topic in an easy to understand way! 👍

[alexseemusic]

I am really grateful to you Adrian. I find the other Youtube gurus kind of flashy and douchey. You get right to the point, and it's clear you are genuinely wanting to give people valuable information. Everything about how you do this is perfect - the thorough explanations, the summaries, etc. It makes money seem exciting instead of an intimidating headache. Thank you so much!

[annapinion]

Wow!! I can honestly say this was the most valuable video I have ever watched regarding Canadian Taxes..

[cassouwassou]

I don't know how you do it, but you are the only person in the world that can make a video on taxes and make it exciting. I went through almost all your videos. Thanks for your great work.

[smareng]

I found starting a business and taxes in general extremely intimidating until I found this channel. Great work!

[zaureshdoucette]

Wow! This is best explanation I’ve ever come across on Canadian taxes. You made it so easy to understand. Thank you!

[johnbreese]

I bet the 17 dislikes came from Rev Can employees.

[acarvey]

Never in my life did I think that learning about taxes would be interesting and digestible. You are a hero.

[omni]

Taxes are the sort of things that are so annoying to study but are so important. Thank you very much for making this subject appealing!

[Chnegachaamu]

It is almost as if I struck gold when I came across your channel. Thank you so much for saving me time and effort researching about how taxes work in Canada. As a newcomer, I’m extremely wary of being ripped off by consultants who claim to help us save and charge huge consultation fees bringing the net result to a zero. I’m so glad I watched this video today, it is by far the BEST use of my time today.

[yinglin]

Thank you soooo much for spending time making the video and sharing your knowledge!! It's sooo helpful!

[DanZ]

One of the most important lessons that applies to literally everyone but schools don't teach. You also make it super clear and straight forward. Thank you for this!

[bonniebeyea]

I am 48 years old and I had no idea how this works. Your videos are awesome!!!

[skt]

Waiting on the series on starting a business and claiming business expenses

[FindingUFO]

Love you, new subscriber, great content, keep it up eh!

[kongkongball]

Thanks so much ! everything is so confusing in this country. we need more people like you!

[ryantorres]

I dont know if this is too much.. but can you make a video like a step by step series where and what are the essentials to apply, have, invest, etc from scatch? A series especially meant for people who just turned 18, international students and immigrants.
Thank you so much! There’s a few youtuber who share these kinds of videos and you nailed it perfectly. Very straight forward, no music, and very very detailed. I wish you all the best!