Do THIS To Legally Pay LESS TAXES in Canada 2024 - Max Refund

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Video Chapters:
0:00 - Intro
0:40 - How You're Taxed
6:00 - Registered Investment Accounts (TFSA, RRSPs, FHSA, etc.)
11:23 - moomoo Integration
14:00 - Self-employment Income
16:20 - Credits & Deductions
20:20 - Smith Manoeuvre
22:00 - Owning Real Estate
24:05 - Alternative Minimum Tax

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Personal Finance, Money, Investing, finance 101, make more money, financial literacy, TFSA, tax free savings account
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Disclaimer: This video description contains affiliate links, meaning that if you click on a product link, I may receive a commission at no additional cost to you. I do not promote products, services or companies I have not personally used or those which I do not recommend. All opinions are my own.

[GriffinMilks]

Make sure you're doing these things to legally pay less taxes on your 2024 tax return this season!
-Griffin

[noblecollins]

Last year I did my first taxes with the Tax Shelter and gathered all my receipts, they refused to add my professional development trainings as a deductible arguing they can only add a T1 from a college/University. I sent the invoice through my CRA after filing for taxes and explained that this was the amount I paid for training and examination, it was later added and I got another refund 😢. I'm doing my own taxes with wealthsimple this year.

[TheBloodySinner]

I’ve doing my own taxes for over 15 years and actually learned something. You’ve earned a sub! Thank you.

[RobinCheung]

I always thought of it as the "return" being what you file, and any amounts received as a result being a "refund."

[slamdoozle]

In 25 minutes you cover more information on personal finance than a Canadian gets in 16 years of government institution education.

[WealthyChronicle]

The tips on registered investment accounts are gold! I'm definitely looking into an RSP and TFSA now.

[haltzy]

Good vid bro. Glad you’re still around man

[paulpoco]

April 2 my CPA submitted my 2023 return, and carried capital losses back to 2020 & 2021. Just got that carryback refund on December 18. Saw in bank account, but no Notice of Assessment. But found detail in Payments on My CRA.

[cuybueno]

The best form of income is "under the table". Paying taxes to this government is non-sensical.

[claudelemay]

Excellent and very valuable information, thank you! 🙏

[niharika.rajnala]

Best tax information and education. Thank you so much! 🙏

[rss]

gonna need USD dividend paying stock by the looks of the way the dollar is declining.

[Mooseracks]

CRA has been LAZY these past 3 years... If I personally complete my tax return, AND I calculate a tax credit...CRA sends a notice of assessment saying "You don't owe anything" WTF... if I use an accountant, I wonder what response I will receive the CRA

[algernon]

It's crazy that a person who owns $55 000 paying 20.5% the same percentage as a person who owns $100 000

[laselecta]

I keep my emergency fund in a HISA account . Almost 3k. I don’t think I can save on taxes this year as I started my financial literacy journey only about 3 months ago.

But this video was great information and knowledge. Thank you sir . I’m subscribed

[TheRMD]

Good video but the company portion into your RRSP is not free money. It is added to your T4 and you pay marginal tax on that

[jodiekohut]

My aunt passed away in 2021. Still waiting for the CRA to sign off.

[CathernPerkins]

Honestly, I was on the fence about this presale, but the more I read about Alemio, the more convinced I became. The AI integration is brilliant!

[TheRMD]

Be careful if you report personal business losses on your personal tax return. If it's small dollars with big expenses CRA can define it as a hobby and disallow the losses. They're only interested in the gains 😜

[chessrock]

Tfsa is the best to become a millionaire❤