Are Taxes Really HIGH in CANADA? High Tax in Canada in 2022 with Examples | Free Tax Calculator
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- čas přidán 4. 07. 2024
- Explained the High Tax in Canada in this video - Is it really too high? Salaries are low taxes are high in Canada? Explained with examples.
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Very good guidance with clarity. God bless you.
Thankyouuuu so much for these kind of helpful videos 🙏🏻🙏🏻♥️♥️♥️♥️♥️
Nicely explained 👍
Thank you so much for this video, I was trying to figure out if moving to Edmonton is worth it from Toronto and the websites you provided helps a lot.
Then add all the hidden taxes on fuel plus the GST, PST ETC…
Good One! But you need to talk about 13% HST also. In addition to the Income-tax, we end up paying 13% for almost every goods and services which will fetch to approx 50% (depending on tax slabs) of overall tax liability. Even for a used car, there is 13% HST.
GST/HST is there in India too... Unlike in India, In Canada atleast the basics are considered as 0%
Every one talks about the tax brackets as they are easily available to find on internet, what I want you to do is a video to say how do you save your tax...like in india we have 80C, D,DDB ect... This will help your channel stay unique and drive more traffic to Chanel..
Hello Humpty Dumpty,
You people are super cool in explaining things. I have a question here. If my spouse is not working and have no income, is there any tax credit that I can claim?
Ma'am your videos are real .plz also make videos on business opportunities and total amount of taxes for business holder plz plz plz
Is this tax rates for monthly income or annual income?
Any tax exemption is there or it will directly deducted???
Is it per year?
Very useful video! But, Is there a calculation error? in the 120000 example, in the second slab of federal tax the slab amount should be $100392-$50198, which is $50194. 20.5% of that is only $10289.77, where as you are taking a value of 69803, which is including the residual $19803 as well. Same for provincial tax as well. Does this mean we pay 20.5% + 26% on $19803 for federal tax and similarly 20.31% (sum of two slabs) for provincial tax?
I thought the same
Suppose I earn 90 K per year If I start getting salary from June .. will they deduct accordingly or as if I am staying for whole year and later I will receive a tax refund
If you get a salary, they will deduct what you ask for on your T1 tax sheets. Logicaly they should deduct accordingly but best to alway let them know to take as much to avoid paying taxes
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120k income with 40k income.taxes. what a fucking joke. I'd go right down to the states. The problem with this country is way to much social services and working hard mean paying more to government.
You get free health care. That's nearly 20k for a family in US.
Also credits for children in both countries. In US it used to be 1200 per child per year. It might be similar in Canada.
Plus pregnancy leave is 1 year in Canalda in US it's zero but good companies give 70% pay for couple of months and another one or two months 60% pay. .
Hi HumptyDumpty Team , we are looking for some information & sent your team an email - can u check & respond