How Tax Works in Canada - Income Tax, Sales Tax, Taxable income

There are lots of details behind the Canadian tax system which you covered briefly. Good job.

this is soo buzzar !! , why taking 30-50% from the poor hard working employees ??

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Great video for both newcomers and long time Canadians. I think that capital gains tax is not paid when you sell your principle residence though. Is that not correct?

It’s very confusing… not ur video but the process it self … I’m planing to move there and I’m really don’t understand it

There is double imposition for incorporation, you pay almost 24% (PROV + FEDERAL) for incorporates taxes, plus aboves 40K, you pay in personal another 15% on your dividende, Canada is not a country where you can escape from taxes even with an incorporation altought you can deduces as you say some expenses but that's not much for something working in the IT industry, but I like your board where it shows up we pay in Quebec something like 15% above 40k vs 5% in Ontario, this is completly insane for me.

I'll just stay in California 😁

Good video

So many of these videos are good for just all Canadian. They didn't really go over too much tax stuff in highschool.

You ladies really have your shit together. I'm a 66 YO Canadian who has lived abroad & in my opinion your videos are very well researched & presented.

Very smart girl!

Very helpful. Thank you

Thank you very much for your videos. I love them 😍 😍
Just to make sure I wrote the points,
Payment of salaries are before tax
Prices of Goods are before tax
Income Taxes are paid on April 30th (yearly)
Hope I got these basic points right

As mad as France taxes! Mad world!,

I considered moving to Canada but after watching this video I'm not so sure. I'm from LA and they tax a lot here. It seems like they tax you even more in Canada! 🙄😠😩

You've done an excellent job explaining tax brackets

Thanks a lot for this useful and detailed video. It was wonderfully explained!!
Can you do a video on reporting Foreign Income in Canada? And also reporting Income of Spouse living outside Canada?
Thanks again

Love from Bangladesh 💙😍😍🇧🇩

Very good video. Some great information available.

Very informative. Thank you.

It took me five years to get familiar with the revenue tax system and you just served everything up in front of our tables simply and accurately. Great job!

Since it's seems quite easy for you to get into calculations try some financial or investment topics in order to get sponsorship and more advertisements. You should get paid back for your hard work!

I can't thank you enough for taking the time to explain all this, God bless you! ♥

Thanks a lot,I am going to move. I applied,but I have tonnes of questions)))

Thanks a lot this is so helpful for me since I am newcommer.

Very useful to newcomers,
thanks to anastatia u did it well..

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Sorry if this is a dumb question, but is this very similar to what the UK Tax system works that employers do the taxes for you and deduct it from your wage slip?

informative....curious how self-employed save in tax since I'm

Nice job! You seem to master very well the art of canadian income tax👌🇨🇦

Good work there Anastasia and team. Its perfect for everyone specially newcomers like me. Highly underrated channel. Best of luck!

I wish you made this video earlier (like 5 years earlier) haha. super helpful as usual 🔥

Thanks, this was super insightful. I learnt a lot of things about the taxation system.

Thanks for these very informative videos. I am from France and I am trying to move to Canada. The immigration process is long and hard but I am not giving up.