How to Pay ZERO TAXES in CANADA? Is It Legal?

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Do you want to learn how to claim various expenses on your tax return and save money? If so, this video is for you! In this video, I will show you how to claim medical expenses, child care expenses, self-employed expenses, RRSP contributions, and work-related expenses on your Canadian tax return. These are some of the most common and beneficial deductions and credits that you can claim to reduce your taxable income and increase your refund.

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WATCH NEXT:

▶ Canadian Tax Guide: How to Calculate Your Income Tax

▶ Canadian Tax Guide: How to Save Income Tax in Canada 2024

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0:00 How to Claim Medical Expenses in Canada
1:36 How to Claim Childcare Expenses
3:17 How to Claim Self-Employed Expenses
4:56 How to Claim RRSP on Tax Return
6:35 How to Claim Work-Related Expenses

You will learn:
• What are the eligibility criteria and limits for each type of expense
• How to calculate and report your expenses on your tax forms
• What are the supporting documents and receipts that you need to keep
• How to avoid common mistakes and audits

For example, did you know that you can claim dental fees, prescription drugs, eyeglasses, and travel expenses as medical expenses? Or that you can deduct up to 75% of your net income as RRSP contributions? Or that you can claim a portion of your rent, utilities, internet, and phone bills as home office expenses if you work from home?

I will explain all of these and more in this video, so make sure to watch it till the end!

Hi, I’m Danish, a CPA, Money Coach and Tax Expert with over 10 years of experience in helping individuals save money on their taxes. I have helped hundreds of clients with their tax returns and I know all the tips and tricks to maximize your deductions and credits.

If you enjoyed this video, please give it a thumbs up and leave a comment below. I would love to hear from you and answer any questions you might have. Also, don’t forget to subscribe to my channel and hit the bell icon to get notified of my new videos every week. I post videos on stocks, tax filing, and personal finance, so stay tuned for more!

Thank you for watching and I’ll see you in the next video!

Disclaimer: This channel is for education purposes only and opinions expressed in this video are based on personal research and should be treated as such. These are not instructions, suggestions, nor directions as to how to handle your money. The facts and figures presented in this video are up-to-date based on the recording. These may have changed based on when you watch the video, please, always do your own due diligence! The description of this video includes Affiliate links (I get paid at no cost to you for trying out a particular service.) #taxesincanada #taxwriteoffs #taxplanningstrategies