Taxes in Canada 2021, How high are taxes in Canada | How to save some Tax Money in Canada.

In this video, we discuss taxes in Canada. I explained the difference between Federal Tax and Provincial Tax. We will calculate the basic tax and see how high actually taxes are in Canada. In addition to that, we also discuss how to save some tax money in Canada.
Please note, the source of the tax brackets is 'canada.ca' and they are for the year 2021 which may also change in the future. All the calculations in this video are for an explanation so do not use them for filing your taxes. They are only done to explain to you the tax system and this is just an educational video. Always consult an accountant for doing any tax-related work.
Tax Brackets Source: www.canada.ca
I hope this video will add some value to your life.
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Disclaimer:
Please note, I am NOT an immigration consultant. I am NOT a financial advisor. I am NOT affiliated with any government organization. Any information shared in this video is based on my own experience, opinion, and research and hence should not be considered legal advice. I assume no liability for how the information in this video is used or interpreted and hence take no responsibility for any decisions that are made with regards to your application or life based on the information shared in this video. Your commitment to your application or life is critical so please do your own research before making any kind of decision. I am just a random guy on youtube sharing my experience.
Cheers
Gursahib

[@GursahibSinghCanada]

Meanwhile Sonu Monu be like…’Kaunse $80,000’ 😅😅

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Waqaee ap k Vedeos bahuth he Delshasp aur informative hothay hay.ya may nahee kahtha coments may deko Sb Tareef krthay hay

[@sandesh__aryal]

😂😂

[@riyachauhan8269]

Sir can you make a video about what course are best for b. Com graduates in Canada please sir I really need guidance regarding this

[@sidhsharma1813]

😂😂

[@pradeepgowda16]

😂😂😂

[@chiragalexander4414]

Want to take a moment to appreciate the hard work u put in with all ur informative videos which gives us amazing clarity 💯🔥

[@eshitagupta3480]

I was waiting for this video!! You sure do know your way around making informed content. Amazing!!

[@kamalpreetsingh4891]

You earned our respect by covering these types of topics ❤ thankyou veer g!

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Congratulations for 20k😀 you actually deserve 100 times more than this

[@avsar74]

U r a genius Like a professor who teaches well and is liked by his all students

[@alexisxander817]

great video. Your channel is a hidden gem man! More people needs to know about this.

[@sheilarebello4908]

Very Informative and excellent explanation!! Thank you Gursahib and wish you every success in all your forthcoming vlogs!!

[@sw-et1dv]

Wowie...what a simplified way for explaining..I was totally confused earlier but your video cleared all those Qs...Thanks for the video, you doing a grt job...Sonu & Monu was a grt example wherein anyone can easily relate...

[@ketanmehra4632]

Thankyou so much paji for all your research and time. Jo cheez othe jaa ke samajh lgni si .. tusi pehla hi dss ditta .. dhanwaad 😃😃

[@vivektarsariya917]

Really appreciate your informative videos! Kindly make a detailed video on how to settle down first month for International students who come with his/her spouse. Thank you! 😊

[@gurmanjotsingh4081]

Extremely knowledgeful content. Eagerly Waiting for your next video on TFSA.

[@amitmalvankarone]

Thank you so much... very helpful information... keep sharing your knowledge...

[@bhattidxb]

Menu andaza ho gya c veer ney end tey lazim kehna subscribe karn da is lye pehly e kar dta......barri wadiya info veer G. See u next year meri jan inshallah

[@rekhag6176]

Hi, very well explained. Thank you so much.

[@kushpreetkumar8214]

Was eagerly waiting for your video Great Information ✌❤

[@muthuprakash292]

Really waiting for this thing thanks bro keep going ☺️

[@vaibhavivora674]

Very well explained...... Never get bore by seeing your video... Thank you so much for sharing ur experience.... It helps us a lot....

[@nilkanthbarot8773]

Thank you for providing the best information about Canada.....

[@yashpapaiya8364]

Wow! What a great explanation video. ❤️❤️❤️

[@chahil7232]

Bhai your channel grown very fast. Wmk all your efforts get appreciated

[@ikpreetsingh6947]

Thankyou so much for lovely and informative video.. waheguruji mehar karan 🙏

[@binilsanghvi8814]

Very nice video and explained in a very concise manner!

[@rishabhsoni4147]

Hey !! Your vlogs are really helpful ☺ just want to say make a video on hospitality management

[@jitenderverma895]

Aap sch me bhut अछि vedeo bnate ho..Jo students ke lie bhut beneficial hai

[@hr511]

great video so informative!! keep rising🙏

[@ammarvakharia2477]

Great work !!! In the next video, could you also please explain how to get rebate and also something about how to claim the educational expenses we pay during our student life. Thanks.

[@jaysonii6382]

Deep Insight, Thank you so much

[@akshitchoudhary8460]

Only channel with genuine content ❤️ uh shine dude 🌟

[@SachkiratSinghCanada]

Great video Gursahib! 💯

[@rishankchaudhary1629]

Awesome Video as Always ❤️💫

[@sukshamjeetsingh2459]

Gursahib you are awesome 👏 bruh appreciated you hard work waheguru ji mehr krn

[@jaysachdeva8460]

Much awaited video thanks brother

[@daoudkhan6636]

You love Hera Peri movies so much it is showed content related which is related to it. Good job 👍

[@diwakarAThome]

Great content! Never thought I would come across your content like this on youtube after IQB days xD Best wishes!

[@CleanCoder]

Informative... Thanks a lot for making this video !!

[@patelincanada7]

Great explanation, thanks!

[@cookathomeyummyfood5457]

Very informative video. The whole content was explained excellently.

[@olsonpereira2405]

Much needed video.. thank you

[@photophilic_spook]

Such videos are much needed thanks

[@happybulandpuria480]

ਬਹੁਤ ਵਧੀਆ ਵੀਰ ਜੀ । ਚੜਦੀ ਕਲਾ ਚ ਰਹੋ ।ੴ

[@mohitthareja2006]

Last part trick... Was amazing ❤️

[@farhanajariwala5958]

BEST VIDEO TO LEARN ABOUT THE TAX SYSTEM OF CANADA SIR

[@harmankaur9098]

Thank you so much veera for this video ♥️♥️

[@shreypatel7692]

Very informative video man. Appreciate your effort 😃

[@GursahibSinghCanada]

Thank you 🙂

[@ashiqayaan]

Good work brother! Appreciate it! Love from Bangladesh ❤️

[@GursahibSinghCanada]

Thanks a ton :)

[@deepdadra5640]

Great brother... Thank you 💐

[@lauraminwang7930]

Nice explanation!! Would be nice to know how to file taxes as well.. Thanks

[@rushikeshbarve6234]

Great video Guru!

[@ApurvaPatel027]

Intro is awesome 🤩

[@rbans18]

Very informative video. Bro, do a room tour , u have amazing aesthetic sense.

[@siddharthvaswade218]

Bhai badiya explanation ♥️♥️

[@shubhamkalra-th4lp]

Hi Gursahib, Thanks for such an amazing explanation and really appreciate your hard work! A quick question, is this the latest tax slab or did Canadian govt has made some changes? Thanks!!

[@amarjit2185]

thanks bro very vital information about tax system....take care

[@BuNtYYYY]

Excellent video bro really helpful thank you brother

[@vishalkhullar9672]

Watched It loved it ❣️❣️ waiting for more vids...

[@GursahibSinghCanada]

Sure 😊

[@devend__]

Tanks for this type of video

[@sakshamchhatwal4682]

Your topics are so unique bro and very well explained by you.👌👌

[@GursahibSinghCanada]

Thank you so much 😀

[@TheGrewals]

Well put together and explained. Hope now people will stop complaining about tax now. Lol. I would like to add two things here First - you can use your car in your business but canada revenue may ask for mileage data sheet. Second- in order for anyone to work as independent contractor , they have be sole proprietor (in this you have to careful because all your expenses and income cone and goes out of your personal account) Or you can have a corporation open and claim everything in that which will give you more tax savings. Thanks

[@GursahibSinghCanada]

Thanks a lot for the awesome points ✌🏻✌🏻😊

[@MyVibrantIndia]

What’s about PSB😂

[@rehmanpreetsingh340]

Levelin up 💫

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Bahut vadiya paaji👏🏻

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Informative video. Good Job.

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Really awesome n informative

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Really informative video👍

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[@jaskaransinghrai9161]

Congratulations for 20k 💯

[@GursahibSinghCanada]

Thank you so much 😀

[@mdbantai3870]

Mast explain kiya bhai

[@sandesh__aryal]

Thanks for the information

[@valaitwale]

Really informative 👏 👌

[@lubnarahat3102]

Well explained Paaji, great help. Thanks.

[@GursahibSinghCanada]

Thank you😊

[@diyapatel4339]

Thank you your videos are very informative 🙌🏻👍🏻

[@GursahibSinghCanada]

Glad you like them!

[@kunalmonga8427]

So informational videos u make

[@vined3359]

Sir we’re paying more than our salary increased, according to your explanation Our salary increases by 20000$ and we’re giving 25185.51$

[@GursahibSinghCanada]

Try making use of RRSP account.

[@gurpreet8210]

@@GursahibSinghCanada could someone explain pls?

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@@gurpreet8210 What's confusing you?

[@NimeshParmar-hd6tu]

Really Informative.

[@dakshitgirdhar8780]

Please make a interview video with a tax lawyer and tax CPA asking them about their salary and day to day duties. Thank you

[@sidhsharma1813]

Great knowledge! Thanks Singh ji 😇😇

[@GursahibSinghCanada]

👍🏻👍🏻

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Superb video bro🔥🔥

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Thank you so muchh big brother

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Fantastic calculation and we'll explained

[@GursahibSinghCanada]

Thanks a lot 😊😊

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Thank you for simplifying it in layman's terms

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Valuable info.

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this video is very helpful for me

[@Kamaldhootan]

Great work 👍

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awesome video sir thx for it

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Very informative and nice vlog

[@diptidivecha9308]

Bahut accche explain kiya bhai apne.👍

[@GursahibSinghCanada]

Glad that you found it useful.

[@zoegarcia7031]

Amazing video brothere! Can you please make a video about how to register a business (LLC) on student permit or work permit ?

[@kajals6920]

Ur every information is so clear n upto the mark.My nephew is going for the first time as student can u plz suggest budget pleaces for rent 🙏🙏will b highly grateful he is leaving for Ottwa this month

[@subhojtkolay8581]

Nice work..👍🏼

[@tanishgirdhar7364]

Please explain TFSA and EI in detail in your next video

[@premvalam]

Bhai aap vlog channel bhi sharu karo kyoki aapko har din dekhane ka man hota hai love u paji 🤍 love from gujarat

[@mithilanarayana2073]

Thank you, it will help a lot

[@GursahibSinghCanada]

You're welcome :-)

[@Tamim_]

I watch your videos from Bangladesh and it's been really helpful. I wanted to come to Canada in May session. Will it be really hard in the session breaks if you work full time? Or can I cope up and earn decent amount of money for my tuition fees?

[@kovidgupta7536]

Very informative video

[@pradeepgowda16]

Much needed video paaji

[@GursahibSinghCanada]

:) Glad you liked it.

[@sohail1467]

Nice video brother,but what about the money which is invested in Stocks, crypto (aren't they taxed) would love to know???

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oo paji kisi ne bhi sahi nahi bataya but ap ka vedio dek ke smj aya

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areeee bhaiiiii aap to kamaaal ki cheese hai...

[@slomoboy9485]

Bro, kya baat h 👌

[@riteshkoli4317]

Informative video