Tax Brackets in Canada explained in Malayalam | How to save on taxes | Save on taxes using RRSP

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  • Опубликовано: 21 окт 2024

Комментарии • 61

  • @jithins4u
    @jithins4u 3 года назад +1

    Adipoli. Bro. Informative.
    Nice aayitu present cheythu

  • @renjumohan3520
    @renjumohan3520 3 года назад +1

    Bro, informative vlog
    Pls explain about investment taxes in the next video

    • @canadianfinlife
      @canadianfinlife  3 года назад

      Thank you . Will do one regarding that topic. Meanwhile you can take a look in this video - ruclips.net/video/ynkdq2h_61o/видео.html

  • @deepuvarghese
    @deepuvarghese 3 года назад +1

    Simple aayi explain cheythallo bro. Thank you 💕

    • @canadianfinlife
      @canadianfinlife  3 года назад +1

      Thanks Deepu. I am planning to upload weekly informative videos related to these topic. Please stay tuned.

  • @Quicktipsandfactz
    @Quicktipsandfactz 3 года назад +1

    Sir Can you please make a video about tax return procedures. Is that possible to do it without help of an accountant

    • @canadianfinlife
      @canadianfinlife  3 года назад

      We can do tax returns by our self using some of the online Tax tools such as turbo tax and simple tax calculator. Will add that to my to do list. Will try to make one regarding that topic.

  • @tomjose2006
    @tomjose2006 3 года назад +1

    Very informative videos thanks 🙏 waiting for the next one

    • @canadianfinlife
      @canadianfinlife  3 года назад

      Thanks Tom for your support, sure will upload one in next week.

  • @jithintv7726
    @jithintv7726 3 года назад +1

    സാധാരണഗതിയിൽ ഒരാൾക്ക് അവിടെ eg: dishwasher kk eathra rupa eatrarupa monthely earn cheyan പറ്റും? നാട്ടിലേക്ക് ഒരു 90000കുറയാതെ അയക്കാൻ പറ്റോ?PR ഉദ്ദേശിക്കുന്നില്ല.!!

    • @canadianfinlife
      @canadianfinlife  3 года назад

      It depends on your lifestyle. In Ontario, minimum wage is $14.25/hour. Normally a person will be doing 40hrs/week. So if you want to save money, you might need to do overtime or find one more job as well.

  • @Sanjaynk-r1r
    @Sanjaynk-r1r 2 года назад +1

    Chetta canada il nammide salary ile pakuthiyolam tax aayi pokumenn alukal parayunnath shariyaano

    • @canadianfinlife
      @canadianfinlife  2 года назад

      Canada is also having a progressive tax system like many other countries. You can check the tax rates using the given tax calculator in the video description.

  • @ashwin1853
    @ashwin1853 3 года назад +1

    Very informative

  • @LS-wv5xt
    @LS-wv5xt 3 года назад +1

    Adipoli 😃

  • @floral_wonders
    @floral_wonders 3 года назад +1

    Nice one 👌

  • @suneeshbaby6414
    @suneeshbaby6414 3 года назад +1

    nice presentation

  • @akhilcyriac7767
    @akhilcyriac7767 Год назад +1

    Bro rrsp oru fixed rate thannaii contribute chayyanam ennu undoo or ullathupolaii ittal mathiyoo

    • @canadianfinlife
      @canadianfinlife  Год назад

      Yeah. Ishttam ulla amount ittathy. Check what's your maximum limit in CRA account

    • @akhilcyriac7767
      @akhilcyriac7767 Год назад

      @@canadianfinlife bro e CIBC bank okkaii oru rrsp kanikkundu athu bro paranjathum rrsp same aanno or different function aanno

    • @canadianfinlife
      @canadianfinlife  Год назад

      Same aaanu . Nammakk multiple RRSP accounts ukal start cheyyam. Wealthsimple Trade il okke annenkil nammakk aaa account vach stocks or ETF medikkan pattum

    • @akhilcyriac7767
      @akhilcyriac7767 Год назад

      @@canadianfinlife bro wealthsmiple aanno biggnerkku nallathu

    • @canadianfinlife
      @canadianfinlife  Год назад

      Easy to use aanu and I am using Wealthsimple Trade for my RRSP account

  • @andscyriac10
    @andscyriac10 3 года назад +1

    Bro very good video.
    One question bro. How do I calculate my family income tax bracket? For example, my family's total income is 60000$ living in Quebec. And Is there any benefit for doing with family?

    • @canadianfinlife
      @canadianfinlife  3 года назад +1

      Thank You. When it comes to file taxes you both need to file taxes Individually. There some benefits for couples such as child care benefit , Spousal RRSP and so on. Here is the link to some of the useful articles - turbotax.intuit.ca/tips/family-tax-in-canada-5117 , turbotax.intuit.ca/tips/filing-coupled-taxes-in-canada-450

    • @andscyriac10
      @andscyriac10 3 года назад +1

      @@canadianfinlife thanks bro.

  • @jefinsiby6494
    @jefinsiby6494 3 года назад +1

    Thanks for the video. Just a quick qn. For eg, In Ontario, for the lowest tax bracket, does the 20.05% tax (15+5.05) include CPP and EI?

    • @canadianfinlife
      @canadianfinlife  3 года назад

      No, That's separate . That's not considered as taxes. You will get tax credits for those deductions.

    • @jefinsiby6494
      @jefinsiby6494 3 года назад +1

      @@canadianfinlife I see. Thanks for the quick reply.

    • @jefinsiby6494
      @jefinsiby6494 3 года назад +1

      @@canadianfinlife One more question. Do you know, how is tax deductions calculated in each pay cheques? Is it by comparing paycheque amounts to the annual tax brackets?

    • @canadianfinlife
      @canadianfinlife  3 года назад

      It depends upon the company. Usually it depends on the annual amount. You might need to ask to the employer how they are are deducting the amount or you can use the Tax calculators mentioned in the video to get an understanding of how much taxes you owe.

    • @jefinsiby6494
      @jefinsiby6494 3 года назад +1

      @@canadianfinlife sure. I'll do that. Thank you very much for the response

  • @abhimalekajay2722
    @abhimalekajay2722 3 года назад +1

    Videos for students financial tips

    • @canadianfinlife
      @canadianfinlife  3 года назад

      Yeah sure, I will try to include financial tips for students. I was also a student , so I know the struggle. But still these videos are helpful for students as well . Because they are the ones whose gonna be the next full time employees in Canada.

  • @deepusebastian186
    @deepusebastian186 2 года назад +1

    👏🏻👏🏻👏🏻

  • @Sanjaynk-r1r
    @Sanjaynk-r1r 2 года назад +1

    Chetta ith annual ano monthly aano

  • @salsabeelsathar6191
    @salsabeelsathar6191 3 года назад +1

    Chetan EY ilano work cheyyane

    • @canadianfinlife
      @canadianfinlife  3 года назад

      No Bro. I am a software engineer

    • @salsabeelsathar6191
      @salsabeelsathar6191 3 года назад +1

      @@canadianfinlife Bro adyayit varunnavark etom nalla province etha .. joli kand pidikanum oke vech nokumbol?

    • @canadianfinlife
      @canadianfinlife  3 года назад +1

      It depends upon the education and experience. If you are in IT, Ontario would be the best option. For mechanical and trades, western provinces would a better option.

  • @jE0763
    @jE0763 Год назад

    Sir , number kittan vazhi undoo

  • @gilbertpeter690
    @gilbertpeter690 3 года назад +1

    👍✌🏼

  • @tomjose2006
    @tomjose2006 3 года назад +1

    25000dollar earned from day trading how much I have to pay tax .I live in Saskatchwan

    • @canadianfinlife
      @canadianfinlife  3 года назад +1

      I have attached the Tax calculator tool in the video description. So over there, there is a column called "Marginal Rate on Capital Gains" . That's the percentage you are paying for all your capital gains. Simply 50% of the capital gains($12,500 in here) will be added to your Annual income.

    • @tomjose2006
      @tomjose2006 3 года назад

      🙏

    • @ASH-kc2qo
      @ASH-kc2qo 3 года назад

      @@tomjose2006 hi tom are u a student?

    • @tomjose2006
      @tomjose2006 3 года назад

      @@ASH-kc2qo no