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

Kind of disingenuous/clickbait to say that "the taxman" doesn't want you to know about RRSPs

Typical chinese guy channel. Canada should get a CHINESE financially educated person as their Finance Minister if they want to get rid of their debt. Look at China and Singapore, a small country that has virtually NO Natural Resources to depend on but is RICH

By the way it's FEWER taxes and LESS tax. Just saying.

Reducing your tax liability is a smart financial move. It's all about strategic investments and leveraging tax-saving opportunities. I've seen significant benefits by diversifying my portfolio and taking advantage of tax-efficient investment vehicles. It's not about avoiding taxes, but rather optimizing them to maximize your wealth. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made

😂😂😂😂😂😂

Excellent insight and tips

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Tip #1 if you don’t avoid death then you get to pay no taxes! 😂

Hi, i like you explain the tax strategies which are very helpful and informative. ❤

I want to collect welfare and not pay taxes. Please help me.

Hi Thomas
, I find your videos very informative and hope to work with you in the future. I have two questions. If I am only renting, and buy a rental property, can I assign the rental property as my principal residence to avoid capital gain tax even though I wouldn’t live there? Secondly, would there be any tax implication to invest in ON if I live in BC? Thank you very much in advance!

What investment should I do to avoid my income raising to much

If u are a vampire or zombie, this does not apply

Very helpful Thomas 😊

the best way is getting a job that pays cash.

When filing taxes, it’s always asked if you have property outside canada. How are properties / piece of land outside canada treated by cra? Hope you can make a video. Thanks

The first 3 mins of this video are just straight facts

how about opening an offshore company in the cayman islands (or any other income tax free country) ?

RRSP but what about when you have to cash or close at I believe 71 and then you pay how much tax then !

I believe that this recession has taught individuals the value of having several sources of income. Unfortunately, having a job does not guarantee security; rather, the real security comes from diversifying your investments. When it comes to speculating in the financial market, understanding institutional investment is essential. Whether it's stocks or cryptocurrency, investing in knowledge will yield the highest returns. Since I started trading with Mr. Swen Scholz, whose skill sets are extraordinary, I have seen enormous profits on my investment. Working hard is good, but working wisely is preferable. Trade with a professional! It really is simple.

Smith maneuver for the win

Others are ok but Charity tricks is very unacceptable we Canadians are having food 2 times instead of 3 times… and now a days many people came to our home in the name of charity… giving 100 to save 15 is foolish….

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!

Keep this coming sir!

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

Thanks for all your informative videos!

Please continue it Thomas . Thank you

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!

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.

This is crazy information.. You are awesome !

I loved this. Thank you!!

Hey Thomas, another great video. Cheers Rob

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There are four secrets
Not 15
Click bait

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

Thank for the informative video 😊

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

Thanks

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

Thanks Thomas for sharing another informative video and sharing all the tips. God bless you!👍

Thanks!

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

Great info. Thank you.

Thanks!