Do This to Legally Pay LESS Tax in Canada

Video Description

Taxes in Canada can feel overwhelming, but once you understand how the system works, you can use it to your advantage — completely legally. In this video, I break down the difference between tax evasion, avoidance, and proper tax planning, explain how Canada's progressive tax system actually works, and walk you through the most powerful tax deductions and credits available to Canadian employees and business owners. Whether you're new to tax planning or just looking to keep more money in your pocket, these strategies will help you stop leaving money on the table. 📖 CHAPTERS 00:00 - How to Pay Less Tax in Canada (Legally) 01:00 - Tax Evasion vs. Avoidance vs. Planning 02:35 - Our Progressive Tax System 04:42 - How to Pay Less Income Tax - Deductions 05:15 - Registered Accounts 07:41 - Other Tax Deductions 10:08 - How to Pay Less Income Tax - Credits 13:44 - Other Tax Saving Strategies 16:00 - Keep More of Your Money 📌 RESOURCES I MENTIONED TurboTax tax calculator https://turbotax.intuit.ca/tax-resources/canada-income-tax-calculator Wealthsimple tax calculator https://www.wealthsimple.com/en-ca/tool/tax-calculator CRA's list of tax deductions and credits http://canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses.html 📺 WATCH NEXT https://www.youtube.com/watch?v=mHNxmEf1rso https://www.youtube.com/watch?v=tQoVfGUH--o 📕 BUY A COPY OF MY BOOK "EVERYTHING BUT MONEY" https://jessicamoorhouse.com/book 💻 BUDGET SPREADSHEETS Download one of my budget spreadsheets to get your financial life together https://jessicamoorhouse.com/shop 📈 WEALTH BUILDING BLUEPRINT FOR CANADIANS COURSE Learn more about my investing course https://jessicamoorhouse.com/course 💎 FINANCIAL PLANNING Download one of my budget spreadsheets to get your financial life together https://jessicamoorhouse.com/services 🔗 AFFILIATE LINKS Borrowell https://jessicamoorhouse.com/borrowell-aff Wealthsimple Trade https://jessicamoorhouse.com/wealthsimpletrade-aff Questrade https://jessicamoorhouse.com/questrade-aff KOHO https://jessicamoorhouse.com/koho-aff Willful https://jessicamoorhouse.com/willful-aff Ownr https://jessicamoorhouse.com/ownr-aff Rakuten https://jessicamoorhouse.com/rakuten-aff MORE ABOUT ME 🙋‍♀️ ABOUT ME https://jessicamoorhouse.com/about ✉️ NEWSLETTER https://jessicamoorhouse.com/subscribe 📸 INSTAGRAM https://www.instagram.com/jessicaimoorhouse DISCLAIMER & DISCLOSURE The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/