المدة الزمنية 15:59

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

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تم نشره في 2020/12/24

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 /playlist/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj QUESTRADE REFERRAL 🇨🇦 If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days! That’s 10 free trades without any commission, $50 in savings! 👇 https://www.questrade.com/?refid=CANADIANTSHIRT LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content! 👇 /c/CanadianinaTShirt/join Thank you guys for supporting my channel, you’re the best! 🙏 BLOSSOM SOCIAL 🌸🇨🇦 Follow me on Blossom to see my Portfolio & Trades for FREE 👇 https://blossomsocialapp.page.link/canadiantshirt WEALTHSIMPLE TRADE REFERRAL 💰 If you'd like to sign up for WealthSimple Trade, use my referral link below to get a $25 signup bonus in cash when you open an account and trade at least $100 👇 https://wealthsimple.sjv.io/mD2OZ Best SAVINGS ACCOUNT in 2023 - EQ BANK 🏦 Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers 2.5% interest with no monthly fees and no minimum balance! Use my referral link below to sign up 👇 https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.5&type=3&subid=0 TURBOTAX REFERRAL: 🇨🇦 Use my referral link to Get 15% OFF ANY TurboTax Product! 👇 https://www.anrdoezrs.net/click-9191966-14464948 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 - /watch/8Yx2vkBKhSGK2 -TFSA Explained Investing Tax Free - /watch/EbUyN1fWb_iWy -RRSP Explained Part 1 - /watch/EdSBMngNMKbNB -4 Steps to Become Wealthy - /watch/YY9z7Mldfwmdz -How to Open Questrade Account - /watch/QXI8YURBOouB8 -How to Buy Stocks on Questrade - /watch/4XZOwWBy2V_yO -How to Buy US Stocks on Questrade - /watch/cPSmoQfqVuCqm -Best Canadian Stocks During Crash - /watch/cQNZQ65asi-aZ -What is a DRIP? Compounding Dividends - /watch/UhfOTawXyuoXO -Best Canadian Dividend ETFs - /watch/Y8pCVE5NrXhNC -Norbert’s Gambit - Exchange Currency for Free - /watch/stv8Kzd1Q6q18 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 =) FOLLOW ME HERE 👋 FACEBOOK: https://www.facebook.com/CanadianTShirt INSTAGRAM: https://www.instagram.com/canadiantshirt TWITTER: https://twitter.com/CanadianShirt FINANCIAL EDUCATION BOOKS 📚 -Wealthy Barber Returns - https://amzn.to/2MJ9cIe -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Millionaire Next Door - https://amzn.to/35ap253 -Intelligent Investor - https://amzn.to/3qoI5nV CAMERA GEAR 📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -Tripod - https://amzn.to/2Qf2Lid -LED Ring Light - https://amzn.to/2MKLDyC -Microphone - https://amzn.to/3aRdXMN 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. DISCLAIMER: Links included in this description may contain affiliate links. I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #CanadianTaxes #TaxFreeCanada #CanadianTaxGuide #CanadianFinance #TaxFreeInvesting #CanadianInvesting #CRA #TFSA

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تعليقات - 764
  • @
    @CanadianTShirtمنذ 4 سنوات Check out the other videos in my CANADIAN TAX GUIDE
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    @RITUALAOSقبل 6 أشهر Give the man an award as “the best dedicated Canadian citizen to the wellness of his country” 12
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    @duncanalexander4907منذ 4 سنوات 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! 23
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    @patrioticacornمنذ 4 سنوات Your videos are extremely helpful and have helped me greatly with stocks! 41
  • @
    @vdnikقبل 4 أشهر You are simply the best! Clear and effective in your explanation. I swear I cannot understand some Youtubers lol or their speech/format is literally hard to follow, but you are amazing! Thank you for what you do!
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    @jasonstupak4535منذ 4 سنوات A Canadian in a T-Shirt! Watched and liked, thanks Adrian. Merry Christmas, and all the best in the New Year! 8
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    @Patgenois75منذ 4 سنوات You're the friend I wish I had when I was in my 20s loll Merry Xmas and keep up the great work. 43
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    @howtoadultschoolمنذ 3 سنوات I'm so impressed with how detailed your videos are AND all the fabulous resources you have linked in the description! 1
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    @asim1017منذ 3 سنوات Adrian bro I appreciate you replying to the comments. Some times people ask the same questions I am thinking of. 5
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    @MuhammadAli-ou2vmمنذ 4 سنوات Hello,
    You are the most helpful person on YouTube. Extremely transparent and to the point. Thank you so much for your advice.
    2
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    @Zeel2022قبل 4 أشهر The best man for any tax issues. Love from Toronto 1
  • @
    @rnsnceman4278منذ 2 سنوات 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. 1
  • @
    @Marylao11منذ 3 سنوات Very helpful! Thank you for making amazing videos! very clear! 1
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    @user-yq9xk4hx6hمنذ 3 سنوات As always, great video, Adrian! Writing this comment to help your youtube algorithm. 2
  • @
    @abilashmurthy7575منذ 3 سنوات Yet another awesome video with tons of value. One of those channels which I love watching in 1X speed :D Kudos Adrian! 1
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    @antoniocinanni4768منذ 2 سنوات Not only is this good info, It was delivered wearing a Ferrari T-shirt… Can’t beat that. Thanks
  • @
    @KirstenSunesenمنذ 2 سنوات Great info and reminders. This gave me some great options and ideas. Thank You! 1
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    @ericfoss5457منذ 3 سنوات So helpful. Could watch your videos for hours 1
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    @Ray-kd3lqقبل 11 أشهر Thanks! Love your video and super informative! 1
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    @JD-vw6eqمنذ 3 سنوات 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 id="hidden5" class="buttons"> forget to punch that like button. Next on my wishlist= "how to do your taxes in Canada" ....وسعت 2
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    @The-Opium-Denمنذ 2 سنوات 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 id="hidden6" class="buttons"> 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. ....وسعت 1
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    @C4NUR43DM4N4M3منذ 3 سنوات 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. 2
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    @abxsowمنذ 2 سنوات 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! 1
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    @davidslobod5726منذ 4 سنوات 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. 1
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    @priya_p88منذ 4 سنوات 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!! 1
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    @lianap1147منذ 3 سنوات Excellent! Very useful info! Thank you! 1
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    @oksanazhuravel4556منذ 4 سنوات Amazing video again!!! Thank you for sharing this information with us!
    Merry Christmas and happy new 2021!!!
    1
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    @mauriciogabarron2395منذ 2 سنوات Hey Adrian, I am a newcomer here, and I just wanted to send out my thanks for helping me to understand this account
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    @ibMBVمنذ 3 سنوات 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! 1
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    @JD-vw6eqمنذ 3 سنوات Another condensed knowledgeable video! Appreciate the Canadian specific contents, keep it up, u got my always 1
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    @TansuTansu2منذ 4 سنوات 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 id="hidden11" class="buttons"> up the drip and it is up 20.75% since November - thank you for your help! ....وسعت 2
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    @Hananguyen.Realestateمنذ 4 سنوات Thank you for another detailed video! Happy holiday 1
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    @abhispace4منذ 4 سنوات 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 id="hidden12" class="buttons"> 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! ....وسعت 2
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    @shoaibjaved2633منذ 4 سنوات Thanks for making this video! Dont stop making them. 1
  • @
    @ReeceCarusoمنذ 4 سنوات Really great suggestions! and this is such an important topic to be discussing at the moment, I really enjoyed the video! 1
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    @jangymanمنذ 4 سنوات 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 id="hidden13" class="buttons"> to it .kind of interested to see how Questrade distributes reports for tax purposes. Cheers!
    ....وسعت 3
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    @rockymountain6599منذ 3 سنوات Awesome video. Thanks for sharing your knowledge in a simple and concise way. 1
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    @AV-gw4mxمنذ 4 سنوات Yassss!! Thank you Adrian!! Happy new year!! 1
  • @
    @RaymondChouPhotoمنذ 4 سنوات Great content as usual Adrian! Especially found your tips regarding how to reduce capital gains tax super helpful. Merry Christmas!! 1
  • @
    @Dejan_23Unlimitedمنذ 4 سنوات Thank you and
    Happy Hollidays!
    And grow accounts .
    1
  • @
    @sharathkarthik7347منذ 4 سنوات Right video at the right time. Really helpful tips. Thanks a ton.. 1
  • @
    @drakezenمنذ 3 سنوات Your videos are great. I'm going to binge watch them :) 1
  • @
    @dmich4822منذ 3 سنوات Very informative. You made me understand finance in a very simple way by all your videos. 1
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    @kanibaldreمنذ 4 سنوات Wow I see the 4k upgrade. Good info like always. 1
  • @
    @SunnyUBCمنذ 4 سنوات Great extremely relevant useful & concise video! I wish you did more videos 1
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    @anujarora6220منذ 4 سنوات Amazing video adrian✨, Gonna shrink taxes by this ways in 2021 assessments. Thank you again!! 1
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    @anthonyvipond7477منذ 4 سنوات 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 id="hidden14" class="buttons"> 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!
    ....وسعت 2
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    @johnhuges8818منذ 3 سنوات Adrian
    Our Canadian main man.. we like your channel - keep up the great work
    1
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    @kayanaaaمنذ 3 سنوات Very informative video as usual! Happy new year :) 1
  • @
    @julien6805منذ 3 سنوات 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! 1
  • @
    @ryleyhayterdcمنذ 4 سنوات Amazing content, thanks for all of your help man! 1
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    @abywasg6813منذ 4 سنوات Merry Christmas Adrian .you nailed it as usual thanks 1
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    @uncleunko2154منذ 3 سنوات Great video. May want to talk about SRSP too. This is super confusing for most Canadians but super helpful for balancing spousal incomes. 1
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    @HighFlyActionGuyمنذ 3 سنوات Just finished the whole tax guide. Thank you so much. 1
  • @
    @jeremyaficionadoFRمنذ 3 سنوات Very good strategies that I will try to use in my future years, when I'll become Major :) Good quality content ! 1
  • @
    @kalyanirajalingham1286منذ 3 سنوات Great video Adrian! Im learning everything about finances from you! Can you do one on mortgages and buying houses? 1
  • @
    @jakecasselman7858منذ 3 سنوات Awesome video! Thanks for the effort this must have taken :) 1
  • @
    @Terakinمنذ 4 سنوات Thanks for the very valuable content. Cheers! 1
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    @tlb23منذ 4 سنوات Awesome video again Adrian!
    ps: I see you with that new 4K camera haha. Great content accompanied with quality footage. Love to see it. :)
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    @hashtag3370منذ 3 سنوات I am the last person to subscribe and hit the. bell icon. Adrians knowledge forced me to subscribe to his channel. Great Work. Keep it up 1
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    @Ericteoh25منذ 3 سنوات 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.
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    @TheIshanDANTEمنذ 3 سنوات 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 id="hidden15" class="buttons"> 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.
    ....وسعت 5
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    @MC-ff2rvمنذ 4 سنوات 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 id="hidden16" class="buttons"> 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. ....وسعت
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    @mrkimchii3907منذ 4 سنوات Thank you for the helpful information! 1
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    @ash4abundanceمنذ 2 سنوات Super helpful! I am definitely going to move all my investments from my personal account to my TFSA where I have room available still. 1
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    @Tobi_Jonesمنذ 4 سنوات great video, there is not enough good finance videos on YouTube for Canadians 1
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    @guanacoyyz9646منذ 2 سنوات Great video! Thanks for sharing your knowledge to us and to explain it in mortal language :-) 1
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    @alraininoمنذ 3 سنوات 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. 1
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    @al-1852منذ 4 سنوات 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 id="hidden18" class="buttons"> part of the rent/mortgage, new computers and equipment, internet, etc?
    Maybe make a part 2 but soon please?
    ....وسعت 1
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    @cheynebest7028منذ 4 سنوات 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. 2
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    @georgeian3243منذ 2 سنوات Thank you, very informative. Do you have any advice about income splitting?
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    @misssumi14منذ 3 سنوات Once again such an informative and helpful video. I’m wondering if I should prioritize my RRSP over my TFSA during the year if I’m in a higher tax bracket in order to get a better income tax return? Thanks again for all you do and I wish you a healthy and prosperous new year Adrian ....وسعت 4
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    @JesikaKulaمنذ 3 سنوات 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? :) 1
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    @sankalp1391منذ 4 سنوات Hi Adrian - great summary! I was wondering if you would make a video comparing Wealthsimple Trade vs. Questrade. Also, having some insights around the id="hidden22" class="buttons"> best practices for non-registered or margin accounts would be quite useful. Thanks and wish you a happy new year! ....وسعت 1
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    @sueholland6357منذ 3 سنوات Thanks for the reminder, just transferred $6000 into my TFSA 1
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    @duper1025منذ 4 سنوات Great explanations, above all, the one about moving investments from non-registered into a TFSA account, I was wondering about that.Thank You! 1
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    @frankpugliese3380منذ 3 سنوات Based on these games. I can tell this is a man of culture. 2
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    @calmlyracingمنذ 3 سنوات Love your Ferrari t-shirt.go Leclerc and Sainz! 1