How to Pay Less Taxes in Canada | 15 Secrets The Taxman Doesn't Want You To Know

by | Jan 29, 2023 | Spousal IRA | 23 comments

How to Pay Less Taxes in Canada | 15 Secrets The Taxman Doesn't Want You To Know




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#taxsavingtipscanada#taxsavingtips#rrsp
15 Secrets The Taxman Doesn’t Want You To Know

Chapters:
00:00 intro
3:48 Secret #1 – Review withholding tax in payroll
5:09 Secret #2 – Turn bad debts into good debts
7:35 Secret #3 – Reduce income tax efficiently
8:49 Secret #4 – Registered retirement saving plan

It’s that time of the year again…

The End of 2022

And as last week you discovered tax saving tips canada people wants to know for decades.

Today, you’ll get valuable insight about how to reduce tax bill canada used to do in these years, and there is even more than the canadian tax deductions.

If you’ve been watching my channel for a while, you’ll know that I have been talking about the book called “15 secrets the taxman doesn’t want you to know”.

I think back to when I see people seeking for the ways to do tax saving in canada. There is only a little known ways to lower down your taxes.

tax deduction in canada is hard for sure, that’s why today’s video will show you some tax reduction methods that you may never hear about before, not just about how to reduce tax, but also something you can use when you are doing tax filing in canada.

I was taught by this book about how to pay less taxes in canada with its incredible tax tips, tax saving tips in canada, and even how to save taxes and how to avoid taxes in canada.

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If you want to know more about how to lower taxes in canada, this video is your only option.

Enjoy!

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In the past 10 years, Thomas C Chan been focus on helping Canadians to develop for their financial success, with advice about investments and insurance, such as life insurance, critical illness insurance, and disability insurance.

Whether you want to know more about tax saving, retirement planning, or financial growth, Thomas can bring clarity on your retirement, wealth, and insurance. He understands the life stages and challenges that people are going through.

In Canada, you have many options for savings and investment vehicles, such as the RRSP and TFSA. To figure out how to take advantage of your options, Thomas can help you figure out what best suits YOUR financial needs. If you are interested in learning about how money works, and how to work with money, check out his videos!

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23 Comments

  1. hokoumoon

    I wonder if there are too many lack of trusts in govt bad people including but not limited to the suspicious gambling olg matters why don't stop paying anymore tax benefiting to such the wastes in a hell nation like this, if so! Such govt tyrannical personality type so-called controllers farting as carbon emission are not eligible to occupy any resources right either in Canada!

    The ugliness shameful mind ri tax on death to take wealth from anyone dead are only the ugliness shameful mind but fake nice tyrannical farting attributes unlike HK tax system without such illness dead tax imposed!

  2. Ali

    Keep this coming sir!

  3. TerryE VP

    Many Thanks Thomas. Great video. I am new subscriber…!!!

  4. Smile Soul

    Thanks for all your informative videos!

  5. Jay Sevilla

    Please continue it Thomas . Thank you

  6. guanacoYYZ

    Hey Thomas, such a great and informational video!!! Thanks for bringing to surface these ways to save $$$. Really good to know you can add the "interest of borrowing" when investing. Have a great day!

  7. bobsagrt369

    Just a note Thomas I thought of mentioning that you did not discuss. At age 65 you can income split your RRSP funds with your spouse when you convert some or all of the funds to a RRIF.

  8. Srikar Ananthula

    This is crazy information.. You are awesome !

  9. EM F

    I loved this. Thank you!!

  10. Rick Fredericks

    4
    There are four secrets
    Not 15
    Click bait

  11. Auriel Smith

    Hi Thomas…great content. ..thank you. ..can you give information on how to withdraw your RRSPS without paying or lowering the withholding tax especially when you retire early. ..thank you

  12. Raymond Tang

    Very informative video, especially for someone who would like to legally reduce tax payable.

  13. Nya Tong

    Thanks for the update tax info!

  14. Pochita

    Good info, thank you !

  15. Christian Duval

    I have a manufacturing faclity…I'm paid by dividend…..I pay ZERO income tax……since 2013…..and collect all benefit

  16. Maureen Burant

    Thank you Thomas for all the great information!! I appreciate all you do for all of us, so you very much!

  17. Enid Vadeanu

    Great info. Thank you.

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