10 Financial MISTAKES to AVOID in Canada!! Don't Make these Money Mistakes | Life in Canada

[@TobiDerin]

Hey friends! 👋🏾 Another informative video to watch. Please don’t forget to hit the LIKE button if you appreciate this video! ☺️🙏🏾🤍

[@maymary9191]

Hi Tobi, do you mind sharing the name of the lipstain or lipstick you're wearing? It's so lovely.

[@redbunnyclassic]

Good quality information, explained in simple to understand terms. 00:00 Intro 01:14 Tax advantage account / Tax-deferred account 02:24 Not investing 03:38 Not continually investing in self 04:16 Not negotiating your salary 05:26 Not Opening RESP accounts for your kids. 06:36 Pension plans 9:49 Credit (not using credit wisely) 10:19 Not taking time to understand the tax system 11:20 Not thinking of financial future 13:18 Life insurance 14:20 Co-signing loans 15:55 Smash the like button, subscribe and share! 🤍

[@taiwoakande2163]

Nice video. My own advise for the newcomer’s, 1, Do not buy what you can not afford,. 2, your credit card is not a free money. 3, When you ask questions you are fool for a minute when you don’t ask you are a fool forever. 4. Learn from others mistakes.

[@TobiDerin]

Great tips, thanks for sharing! Number 3 💯

[@nicolenyasha]

As someone who works in HR and makes hiring decision almost daily I will say YOU WONT LOSE AN OFFER BECAUSE YOU ASKED FOR MORE! Great point, thank you, I see a lot of Canadians negotiate but immigrants don't do it and in my head Im like oh no 🤦‍♀️ I'd love to learn how you use your wealthsimple and quest trade accounts, I only use wealthsimple. I hate doing my own taxes, this is something I need to work on!

[@atio5491]

I prefer Wealthsimple as it’s the only one that is free in Canada. The only issue is, if you want to buy US stocks, the free nature can work against you as that’s where they make their money. it then becomes better to look into quest trade.

[@TobiDerin]

Preach girl!!!! I love that it's in caps. Thanks for sharing, our HR Professional 💕 Ati's response my reason. I use Questrade for USD to protect from currency conversion fees since one can have a USD account and Wealthsimple for my CDN investments. I know Wealthsimple has a USD account feature rolling in but I think there's a monthly fee for it.

[@TobiDerin]

That's right! I use Wealthsimple for CDN and Questrade for my US.

[@nyaniels79]

As you are in HR can you advise me on how to get a job in Canada; am a recent MSc Project Management graduate from the UK.

[@TheFisayo]

Welldone Tobi, and thank you for sharing this, people stay in Canada for as long as 7 years without having access to this kind of information. I just came to Canada and I already opened some of the accounts you mentioned because I have good people around me that gave me good advice. Thank you for sharing here.

[@dammy1111]

Thank you so much Tobi for sharing and granting my request to make a video on the financial system in Canada, you are a real gem😀😘my fav Nigerian you tuber😁. It truly takes wisdom to maximize your fiances in Canada so one won't just be working hard and have little to nothing at the end. Please keep sharing as you learn more o, we must make it financially in Canada, and 100k followers on this channel before the the end of the year! Cheers😁😁❤

[@TobiDerin]

My pleasure! I was actually going to go back to your request in the comments to link this video for you, more coming! Yes o! Amen 🙏 Love you 💕

[@maryedwin8487]

Thanks dear to opening people's eyes to the things happening in Canada. May God bless you.

[@TobiDerin]

That’s the goal! Thanks for watching, Amen & you too 🙏🏾

[@emmanuellaumoera8086]

Wow this was powerful.. I won't mind more of things like this.. thank you

[@TobiDerin]

Glad you enjoyed it sis! 💕

[@folaa316]

This is so informative! Thanks for always sharing your wealth of knowledge with us for free👌👍🏽❤️

[@TobiDerin]

You are so welcome! 😊

[@ehima]

Very informative! Thank you Tobi!

[@TobiDerin]

Thanks babe! ❤️❤️

[@Quintaline]

Wow..I can't thank you enough.timely video.

[@TobiDerin]

You are so welcome!

[@reenaisikaku]

Info packed. Thank you Tobi 🙏🏽

[@TobiDerin]

Any time! Thanks for watching 💕

[@onomairoadeleke9250]

Really great Information.thanks

[@ifunanyachukwusalem1881]

NICE ONE MA. THANKS.

[@bilikisa.w2846]

Been waiting on these type of video. Thank you for sharing!!. And yes, please teach us how to invest!. Enjoyed the video!! Thank you.

[@TobiDerin]

You got it! More to come! Thanks for watching 💕

[@igeolamide46]

Hii Tobi could you Please elaborate more on the RESP account in your next video

[@agborruth9934]

You are glowing!

[@TobiDerin]

Thanks 😊

[@financewithlance]

Great tips!!!

[@unrulysuspect]

Happy new year Tobi,

[@TobiDerin]

Happy new year!

[@NewBeginnings000]

Great video. Kudos.

[@TobiDerin]

Glad you enjoyed it

[@toniakache513]

You look so beautiful Tobi and your skin is glowing 🥰🥰🥰🥰 PS : your doing a good job 👍🏼

[@TobiDerin]

Thank youu ❤️ ❤️

[@preciousokenchi7636]

You truly give the best information ❤️ Please what camera are you using?

[@TobiDerin]

Glad you enjoyed the video! It's a canon camera - www.amazon.ca/dp/B07WFQZ6FL?ref=exp_tobiadekeye_dp_vv_d&th=1

[@Yourgirlbibi]

Tobi dear, your videos are worth watching!!! You actually open my eyes on a lot, and for free ❣️🥰Thank you and God bless you for this video darling 💗💗💗 Happy new year 💖💖💖

[@TobiDerin]

Thanks girl! Amen 🙏🏾❤️❤️ God bless you too b! Happy new year! 🥂

[@brianmapingere]

Very informative ✌

[@TobiDerin]

Glad you enjoyed it!

[@isiomachris-ossai4437]

Very informative content! Plus you look so beautiful! Well done girl!!!

[@TobiDerin]

Thanks Isioma! 🥰 ❤️

[@chiamakanwaribe1473]

Nice one!!

[@TobiDerin]

Thanks for watching 💕

[@getrudechapuisat6630]

Wow 👌......Babe you don burst my brain. This CANADA LIFE HACKS

[@TobiDerin]

Yess! thanks for watching 😊

[@thatmsloubs]

Nice one 👍🏾

[@TobiDerin]

Thanks for watching 💕

[@akinwumiakin-aina8164]

Thank you for this very useful information. Please I would love an investment video and if poss ible an analysis on tax savings accounts and retirement savings plan. Keep up the good work 🙌

[@TobiDerin]

Thanks for watching! Noted! 💯

[@chinasaokwuama4440]

Thanks for the info Tobi. Pls I need advice on the investment. Am still studying, where do you think one can invest .

[@TobiDerin]

Thanks for watching b! More info coming up, I invest int he stock market

[@ineyemildred9445]

yes for the TFSA and RRSA

[@TobiDerin]

Coming soon! 💃

[@Henrystar5176]

Tobi my crush 🥰 thanks for the wonderful information remain blessed dear👍

[@TobiDerin]

Aww 🥰 thanks for watching. You too 🙏🏾

[@_freeborn]

Thanks for this video sis. I learned a lot. I remember when my uncle co-signed to his friend's loan in Kaduna,it was a loan from LAPO, his friend fled to Ghana, his life became very hard and he was treated as if he was the lender. LAPO can be very scary in Nigeria. BTW sis,you sound like you're from kwara state.

[@TobiDerin]

Thanks for watching! Wow, co-signing is a big risk 😔. Really? haha, how do Kwara people sound I want to know because this is the first time I'm hearing this and you're 100% right, I'm from Kwara state.

[@mimio9315]

Hi Tobi, Please where can we get more information about loans, mortgages and pensions. I am new in Canada

[@TobiDerin]

Hi Mimi, welcome to Canada! 🤗 You can as for pension, for loans and mortgage you can reach out to financial institutions, a lot of them offer and have great programs for newcomers (less than 2 years in Canada). I know RBC has a program like that but you can look out for more and go with the one that's best. I would suggest to take advantage of your employer's plan because the fee will be less.

[@mimio9315]

@@TobiDerin Thanks Tobi

[@diamondjessica4633]

@@TobiDerin thanks for dis information.. pls what advice do u have for relocation with family to cannada, what nd what is required pls,is it advice at dis period nd I also had that Canada visa is not going through right now..

[@QueeniesLifeUnscripted]

Hello Tobi, very informative video. I would like to see a video about tfsa accounts and how to invest in Canada.

[@TobiDerin]

Thanks for watching! 😊 Noted!

[@adeade7932]

Pls do a video on Tax advantage account / Tax-deferred account

[@TobiDerin]

Soon! 💃

[@laolulawson9660]

Nice one

[@daniellaoku5990]

Pls speak more about the Tax saving accounts plixxxxx

[@TobiDerin]

Noted, thanks for watching 💕

[@damilolaafolabi1325]

Hi Tobi, is there a way new comers can compare salary to know what the industry average is? So as to help in negotiating.

[@TobiDerin]

Yes! There are platforms like - Glassdoor, indeed, payscale. I find pay scale to be more up to date. If you're in Tech you can use levels.fyi. It's also good to not inform the company about your desired salary range because they might be offering more, just so you don't end up lowballing yourself. Get their salary range first then work with that by doing research on those platforms and maybe reach out to anyone you know in that industry to ask for the salary range for that position to avoid lowballing yourself.

[@damilolaafolabi1325]

@@TobiDerin ok thanks

[@osiomogieasekome8799]

How about filing taxes as a student? Cos something I haven't really seen much about

[@helenzion]

Yes Tobi, please do a video about this!

[@QueeniesLifeUnscripted]

I would also like to see a video on this, this isn’t talked about much for international students

[@jegedeoluwatoyin8173]

Samehere. I would like to see a video on this Tobi

[@TobiDerin]

You should file your taxes as an international student, it's actually the same filling process for everyone (they don't separate international students from Canadian students or even workers) - just that you will have the tuition fee form - T2202 which your school will provide and will receive tuition credits (both provincial and federal which will help you in the long run in Canada). You may also be eligible for other benefits such as OTB if you live in Ontario and other refunds/benefits. If you work part-time or full-time during summer you might get a tax refund, even if you don't work you should still file.

[@TobiDerin]

I'll add this to my list, see my reply below also.

[@davidashibi1642]

Great 👍 👌

[@TobiDerin]

Thanks for always supporting! 😊

[@osiomogieasekome8799]

Make video on the investment

[@TobiDerin]

Noted, thanks for watching 😊

[@gyamfisaviour6188]

Nice video

[@TobiDerin]

Thanks 😊

[@Quintaline]

I had to watch twice

[@TobiDerin]

Glad you enjoyed it! 😊

[@michaelchimaobi7392]

You are looking more beautiful

[@abdulidi733]

Chai my people make Una no co-sign loan for any pikin wo. If you do that, it leads to wahala for your head. Abdul Omo 9ja-USA

[@TobiDerin]

Totally 💯 Thanks for sharing!

[@saraheyong6282]

Investments videooo

[@TobiDerin]

Noted! 😊

[@marianatessa6258]

Wow

[@fafiechivasa6382]

I'm first today yey

[@TobiDerin]

Thanks love!! 💃🏾💃🏾❤️

[@mander4684]

Ok👍👍👍👍🏼👍👍👍

[@ChamicaRichards]

I appreciate this video. I have a question, even as an international student should I still file my taxes?

[@buchi8866]

Yes you can

[@ChamicaRichards]

@@buchi8866 thank 😊 youuuuu

[@TobiDerin]

Thanks b, yes! file as an international student and you may be eligible for benefits such as OTB if you stay in Ontario, tax refunds if eligible and much more!

[@samsonzarus6998]

Help me with a job please

[@kevinpreciousfawehinmi9350]

Yes to the investment video pls ❤️

[@TobiDerin]

Will add this to my list! Thanks for watching ❤️

[@Blackquennie91]

My best youtuber, you are glowing!!!! I have already liked your video. Let me go watch it now :)

[@TobiDerin]

Awwww my sweet sis! Thank you ❤️❤️

[@praiseokechukwu4021]

Very informative content. Thanks

[@TobiDerin]

Glad it was helpful!

[@pauloman5]

Great information 👍

[@TobiDerin]

Thanks for watching ❤️

[@ejimaduhenry2325]

Nice one

[@TobiDerin]

Thanks for watching

[@stayingpurposefulwithfowor2855]

Nice one

[@TobiDerin]

Thanks for watching