Check out my CANADIAN TAX GUIDE 👇 kzread.info/head/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj

@CanadianTShirt

4 жыл бұрын

And check out my CANADIAN CREDIT CARD GUIDE 👇 kzread.info/head/PLj8bU3AuW2qGixzriCuazZ1E5RznbhcFB

@CanadianTShirt

4 жыл бұрын

Learn EVERYTHING about investing with my MILLENNIAL INVESTING GUIDE 👇 kzread.info/head/PLj8bU3AuW2qEVri8g-ErBL65ng98iAf5g

@Lwis87

4 жыл бұрын

You are very man. It's very helpfull

@ill1JSavy

2 жыл бұрын

@@CanadianTShirt hey buddy, love the videos. I have a question for you if you wouldnt mind. Lets say you generate no income for the first year and have tones of business/start up expenses... will you then get a tax return? You were using the reference of if you made alot and got a bit of a tax break. I was just wondering what happens in the event that to didnt make anything to tax. Last little sub question... can you write off purchases of exquipment off kajiji.. like a computer or microphone etc. Thanks so much

@gamishsharma3692

2 жыл бұрын

Please make video for trading gold spot in canada and best way for it

In 15 minutes you've taught us more about understanding our taxes than we've learned in our entire time in school....and the following 15 working years after that. 15 Minutes! That is an insane amount of value. Also it can be hard to find really good Canadian Content. Not impossible....but it takes a bit more effort. So thanks for showing up for us!!!

@CanadianTShirt

3 жыл бұрын

Wow! Thank you Amanda for those kind words! I really appreciate that! 🙏 But I totally agree.... there is NO excuse why these basics are not taught in high school.... =(

@victorferr1

3 жыл бұрын

Same sentiments here Amanda.

@presleyfryingpanChildofGod

Жыл бұрын

@@CanadianTShirt totally agree. And love the content man. Thanks. !

@A-GoldenBar

Жыл бұрын

Canadian university degree is a waste. Studied economic at western University king college and they never taught this, I had to teach my self

@gutterboys1087

Жыл бұрын

Legit. I took so many notes. I'm going to rinse the entirety of your channel as I'm in desperate need of tax help and I'm taking over a business this year. Thanks for spreading your knowledge brother

They should of made this a course in high school :/

@CanadianTShirt

4 жыл бұрын

Thanks Vinh! I totally agree! There's no excuse why they don't teach the basics of personal finances and taxes in the high school curriculum.... they're setting these kids up to be eaten alive with credit card debt and penalties... =(

@xXheartszXx

4 жыл бұрын

I agree! To any high schoolers reading this, I highly recommend signing up for Junior Achievement

@TheSens_

4 жыл бұрын

it is in Quebec.

@magallanthepenguin9132

4 жыл бұрын

Don't know why youtube recommend this video but at least I learnt something from this video

@packratswhatif.3990

4 жыл бұрын

If they made this a high school course, then too many students would learn on how NOT to pay more tax. The gov. would loose out on all that extra loot from the students over time. Keep the people stupid !

“in this world, nothing is certain except death and taxes” - tax is such an important topic yet most of us were never taught about it in school properly. Thank you for explaining this huge topic in an easy to understand way! 👍

@CanadianTShirt

Жыл бұрын

You got that right my friend! I know taxes aren't sexy or exciting to talk about but it is SO important to understand how they work! If you want to win at a game, you have to know the rules =)

I am really grateful to you Adrian. I find the other KZread gurus kind of flashy and douchey. You get right to the point, and it's clear you are genuinely wanting to give people valuable information. Everything about how you do this is perfect - the thorough explanations, the summaries, etc. It makes money seem exciting instead of an intimidating headache. Thank you so much!

@CanadianTShirt

4 жыл бұрын

Wow, thanks Alex! That is so kind of you to say, I really appreciate those words 🙏 When I'm making these videos my mindset is that I try to explain it as if I was talking to myself 10 years ago. That's the way I personally absorb information best and I'm glad to hear that other people find my approach helpful as well =)

@Daniel_WR_Hart

2 жыл бұрын

You should check out The Swag Academy, very down to earth and level-headed

Can we just take a second to appreciate that we have 15 minutes of solid no BS information, and delivered at a pace where I DON'T have to play it at 1.5x speed!!! 🤣

@CanadianTShirt

2 жыл бұрын

Thank you Sean! I appreciate you taking a second to appreciate that! 🙏

@CanadianTShirt

2 жыл бұрын

That's what I try to do! I hate the idea of wasting anyone's time. That's why I talk fast and cut out all the fluff! By the way, I dare you to watch my videos at 1.5x 😁

Wow!! I can honestly say this was the most valuable video I have ever watched regarding Canadian Taxes..

@CanadianTShirt

4 жыл бұрын

Wow thank you Anna! I really appreciate that! 🙏

I don't know how you do it, but you are the only person in the world that can make a video on taxes and make it exciting. I went through almost all your videos. Thanks for your great work.

@CanadianTShirt

3 жыл бұрын

hahaha that is one of the best compliments I have ever received!!! Thank you! 🙏 I guess it helps that I'm such a nerd and that I'm genuinely excited about "boring" things like tax strategies so I'm glad that my energy shines through! =)

I found starting a business and taxes in general extremely intimidating until I found this channel. Great work!

@CanadianTShirt

3 жыл бұрын

Way to go Shaun! That's what I love to hear! Thank you for those kind words and major props on starting your own business! 🔥

Wow! This is best explanation I’ve ever come across on Canadian taxes. You made it so easy to understand. Thank you!

@CanadianTShirt

4 жыл бұрын

Thank you Zauresh! I'm really happy to hear that my video was helpful! 🙏

Never in my life did I think that learning about taxes would be interesting and digestible. You are a hero.

@CanadianTShirt

3 жыл бұрын

Wow! Thanks Alex! I really appreciate that! I try my best to break down these boring topics and make them as engaging and accessible as possible so I'm happy that it's working! =)

This info is gold. Totally brilliant, thanks so much for bringing knowledge to the Canadians. There really isn't much on the internet for Canadians, so I'm happy you've niched into this market.

@CanadianTShirt

4 жыл бұрын

Thank you! I really appreciate those kind words! 🙏 And that's exactly why I started this KZread channel. We need more Canadian content out there! =)

Adrian your videos are incredible! Easy to understand the content through clearly communicated phrases and visuals, as well as the enrichment by your enthusiasm.

@CanadianTShirt

3 жыл бұрын

Thank you so much Hassan! I really appreciate that! I put a lot of effort into add the visuals so I'm happy to hear that it makes a difference! =)

One of the most important lessons that applies to literally everyone but schools don't teach. You also make it super clear and straight forward. Thank you for this!

@CanadianTShirt

3 жыл бұрын

Thank you Daniel! I really appreciate that and that's exactly what I try to do! Breaking down financial info so that they are accessible to anyone! =)

I’m on a mission to learn about money and taxes in Canada! I’m from QC so thanks for using it as an example. Looking forward to binge watching this tax series! 🙏

@CanadianTShirt

3 жыл бұрын

Thank you Valid! I really appreciate that and I hope you enjoy the binge! 😁

hey Canadian in a t shirt , honestly i cannot thank you enough, your videos are amazing ! you are crisp and clear in explaining things , you turn the headache which is trying to understand taxes , into an actual enjoyable video, cannot thank you enough for taking the time to make and explain these videos , and dont forget to write off your youtube expenses !! thanks again

@CanadianTShirt

2 жыл бұрын

Wow! Thank you so much for those kind words, that really made my day! I'm so happy to hear that my videos have been valuable and accessible, that's what I try to do! And you bet! I am obnoxiously efficient with claiming my business expenses 😁

Thank you so much for being one of the few Canadians that are explaining how our taxes work very thoroughly! This video was amazing. So hard to come by information about this for us in Canada

@CanadianTShirt

2 жыл бұрын

Thanks Jordan! I'm glad you stumbled onto my channel and I'm happy that this video was helpful! Check out the rest of my Canadian Tax Guide videos (silver coloured thumbnail) to learn more! =)

The most comprehensive and greatest video on Taxes presented on layman's language.😀

@CanadianTShirt

Жыл бұрын

Thank you so much for those kind words! I really do appreciate that! 🙏 And make sure you watch the rest of my CANADIAN TAX GUIDE, my videos with the silver-coloured thumbnails 🇨🇦 kzread.info/head/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj

As a newly retired academic l really appreciate your insights, thanks so much for helping me understand what my accountant finds difficult to explain properly! Major thumbs up for content, and 5 stars for video quality.

@CanadianTShirt

4 жыл бұрын

Thank you Sabina for those kind words! If you are interested in more videos on Canadian taxes, I just released a new video on the Basics of TFSA and How to Invest Tax-Free: kzread.info/dash/bejne/m5OWuchqfty7kqg.html Feel free to reach out if you ever have any questions on taxes, investing or finance! =)

As someone who knew next to nothing about taxes, this video was great for me and I admire how you simplify it as well the effort you put into your videos! Will def be reccomending ur video to fam/friends.

@CanadianTShirt

Жыл бұрын

Thank you so much for those kind words! That's what I try to do! Breaking down complex topics into bite-sized lessons! And thank you so much for spreading the word! As a KZreadr, that is the BEST compliment I can receive! 🙏

Just found you with the business vid. In that one you mentioned this vid so I came here to watch this one first and holy cow am I ever glad I found you. So so so much information. It’s nuts what your teaching people here. Keep up the amazing work. On and I subbed in less then like 5 mins of this video. Thanks T-shirt! Lol

It is almost as if I struck gold when I came across your channel. Thank you so much for saving me time and effort researching about how taxes work in Canada. As a newcomer, I’m extremely wary of being ripped off by consultants who claim to help us save and charge huge consultation fees bringing the net result to a zero. I’m so glad I watched this video today, it is by far the BEST use of my time today.

@CanadianTShirt

2 жыл бұрын

Thank you so much for those kind words! I really appreciate that and I'm so happy to hear that my video provided value! Make sure you check out the rest of the videos in my Canadian Tax Guide series and welcome to Canada! 🇨🇦

You got yourself a new sub. This is so simple that it’s amazing.

@CanadianTShirt

4 жыл бұрын

Thank you Neemah! I'm glad I was able to explain it clearly! =)

I was able to register my side business with the help of your other videos. Now I'm here learning more about taxes. Thank you Adrian.

@CanadianTShirt

2 жыл бұрын

That's what I LOVE to hear! I'm so happy that my videos have been providing value! =)

Wow, thank you so much! I am so glad to have found your channel. I have learned so much in just the first 2 videos I have watched! Keep them coming, much appreciated.

@CanadianTShirt

2 жыл бұрын

Thank you Tina! I'm so glad you have found value in my videos and welcome to my channel! 😁

Great videos! straight to the point, explained everything. Your channel is a gold mine of information. keep up the great work

@CanadianTShirt

4 жыл бұрын

Thanks man! Let's keep it going into 2020! =)

You've actually taught me an incredible amount, especially about taxes. Thank you!

@CanadianTShirt

Жыл бұрын

That's what I LOVE to hear! It's my pleasure and thanks for watching the rest of of my videos! =)

So happy to find your channel honestly I am disappointed with my school talkin bout financial stuff without explaining me about taxes. Your content is free and helpful! Keep it up!!

@CanadianTShirt

3 жыл бұрын

Hey Claudette! Wow... I was really late to reply to this one, I'm sorry I missed it! But thank you and I'm happy you found me! =)

Had it on my list to sit down on a Saturday and watch all these tax videos in preparation for this years tax season! Amazing job, man. So so helpful.

@CanadianTShirt

3 жыл бұрын

Thank you Christian! I really appreciate that and I'm so happy to hear that these videos have been helpful! =)

Thanks so much ! everything is so confusing in this country. we need more people like you!

@CanadianTShirt

4 жыл бұрын

I'm happy to help! I know how difficult it was for my family when we first moved to Canada so I'm glad to hear my videos are useful! =)

Your videos should seriously be taught in schools lol. Thanks again from all of us who weren't taught how to be financially intelligent!

@CanadianTShirt

4 жыл бұрын

Thanks buddy! It is truly criminal the fact that we don't teach basic financial management and taxes in high school.....

Super valuable content, am currently in big 4 filing corporate income taxes and this has actually made me more excited about my field! Also love the nostalgic video games on your shelf ;). You've got yourself a sub!

@CanadianTShirt

2 жыл бұрын

That's awesome buddy! I'm so happy to hear another person who gets excited about taxes! And make sure you check out my 10K Celebration video where I give a Bookshelf Tour of all my awesome videos games behind me =) kzread.info/dash/bejne/mpt32sSdk7W4odo.html

Your the best at informational videos! Cant wait to see your channel get the recognition it deserves, keep it up!

@CanadianTShirt

4 жыл бұрын

Thanks Walter! It means a lot! Thanks for supporting the channel! 🙏

Well articulated and visualized, for someone who thought taxes were just 13% I finally understand why all of this is so complicated.

@CanadianTShirt

4 жыл бұрын

Oh my friend.... I wish taxes were just 13%.... 😅 I'm glad that my video was helpful! =)

Taxes are the sort of things that are so annoying to study but are so important. Thank you very much for making this subject appealing!

@CanadianTShirt

2 жыл бұрын

I know that taxes aren't the most exciting thing in the universe but I like to think of it as playing a board game! You HAVE to understand the rules to the game if you want to have fun and win! =)

@thomasjust2663

Жыл бұрын

Yeah unless you move to Mexico like we did, we had enough with the Canadian government and weather

Really informative! I’ve been watching all your videos and you’re doing a great job. Thanks for making people like me more financially aware.

@CanadianTShirt

4 жыл бұрын

Thank you for those kind words, I really appreciate that! 🙏

You're great at this! Thanks for all the info, it's super helpful. Going to go binge watch all your other videos now...

@CanadianTShirt

3 жыл бұрын

Thank you! I really appreciate that and I'm happy to hear that my videos are binge-worthy! =)

woot been waiting for this!

@CanadianTShirt

4 жыл бұрын

Thanks man! I hope it helped clear things up! =)

I bet the 17 dislikes came from Rev Can employees.

@CanadianTShirt

4 жыл бұрын

hahaha I hope they don't "randomly" select me for an audit this year 😅

@andrewfoote8509

3 жыл бұрын

Lmao I agree

@mkqemeawgck

3 жыл бұрын

Can u cover RDSP?

@Psy0psAgent

3 жыл бұрын

@@CanadianTShirt Bill them for your time. And they won’t come back. Charge them the same they claim you owe. Not joking. Ask an agent IF they ever approach you to discuss ‘your file’. Have a nice day.

@RamaHealthBeauty

3 жыл бұрын

Hahaha I'm telling you ! it is certainly Rev Canada

AMAZING CONTENT! IVE BEEN LOOKING FOR THIS KIND OF CONTENT FOR A LONG TIME! THANKS !

@CanadianTShirt

4 жыл бұрын

Thank you Pedro! I really appreciate those kind words and welcome to the channel! =)

Finally! Accurate, Canadian information is hard to come by. Very useful, thank you!

@CanadianTShirt

4 жыл бұрын

Thanks Samuel! I'm glad it was helpful! Feel free to reach out if you ever have any questions!

Back in high-school I had a teacher who went rogue and decided to teach us about taxes... he got in trouble

@CanadianTShirt

3 жыл бұрын

hahaha and then he went on to start a KZread channel? 😆 But I hear you man... there's no excuse why this isn't taught in high school...

Great video again, simple and very clear!!

@CanadianTShirt

4 жыл бұрын

Thank you for the kind words! Happy new year! =)

@rochellew4472

4 жыл бұрын

Yes!!

Thank you! So hard to find Canadian specific content. Can't wait for you to help us all start our businesses, what a legend

@CanadianTShirt

4 жыл бұрын

Thank you Cria! You are right, we need more Canadian content out there! That's why I decided to start this channel! =)

This video was incredibly informative, I really appreciate it. The format was perfect. You've got a new subscriber.

@CanadianTShirt

4 жыл бұрын

Thank you Brent! I really appreciate that, welcome to the channel! 😁

Waiting on the series on starting a business and claiming business expenses

@CanadianTShirt

4 жыл бұрын

Sorry for the late reply and yes, I will be starting my business series soon! Thank you for being patient! 🙏

@bma18

3 жыл бұрын

Canadian in a T-Shirt would love to see this series as well!

@CeleryStickz

3 жыл бұрын

@@CanadianTShirt yasss waiting on this! This video was SO helpful thank you so much

You’re a life saver I wish they teach this in college

@CanadianTShirt

4 жыл бұрын

Thank you Jessica! I really appreciate that! 🙏

wow, thank you for distilling down taxes in such a simple, understandable way. you deserve way more subs!

@CanadianTShirt

3 жыл бұрын

Thank you Cassandra! I'm glad my videos are accessible and digestible! I know how intimidating this stuff can be so I'm glad to hear my videos are helpful! My channel is slowly growing but if you'd like to send my videos to some friends and family who would benefit from the info, I would really appreciate it! =)

I'm so happy I found this show! Thank you for your work!

@CanadianTShirt

4 жыл бұрын

You're welcome! I'm glad I could help and please reach out if you ever have any questions! =)

Great video. I'm especially looking forward to the video you teased about starting a side business.

@CanadianTShirt

4 жыл бұрын

Thank you! I'll be making a whole series of videos on starting a side business, probably in the next two weeks. I'm glad to hear that people are interested in entrepreneurial content!

@whidzee

4 жыл бұрын

@@CanadianTShirt for sure. And I love your presentation style too. Really helps. One thing that you might want to cover is how do you pay yourself when you have your own side business. Do you just transfer money from business to personal account? Is there some kind of payroll process required? If you have a partner does it make things exponentially more challenging?

@CanadianTShirt

4 жыл бұрын

@@whidzee Thank you for the kind words, I'm glad someone likes my style and excellent question! In my experience, all of my side businesses have been self-employed, sole proprietorships so I've never had employees or partners. All of the income that I gained was mine, through contract work or rent through my real-estate business

@CanadianTShirt

4 жыл бұрын

@@whidzee If you are an incorporated business, you will have to set up a payroll account with the Canada Revenue Agency (CRA) and you can either pay yourself with a salary or with dividends. I haven't personally done this so I don't want to make a video on this until I get there myself

Thanks for the video. To my understanding, opening business is the best way to avoid taxes. You don't have lots of deduction options on your stock market investment except for TFSA and RRSP

@CanadianTShirt

4 жыл бұрын

Exactly! With a TFSA and RRSP and even with an RESP if you have children, your investments can grow tax free, but there are still certain rules to follow which I'll talk about in my next video. such as keeping ONLY Canadian equity in your TFSA and putting US and foreign equity in your RRSP to avoid withholding taxes

Thank you, Thank you, Thank you! This is such important information that i need. Thank you so much for making this series and putting this information out here.

@CanadianTShirt

Жыл бұрын

It's my pleasure! I'm glad you found my channel and happy to hear that you are finding these lessons valuable! =)

Adrian, I am so happy to found you! You provide such great content. Please keep up the good work. Thank you!!!

@CanadianTShirt

3 жыл бұрын

Wow thank you Ally! I really appreciate those kind words! I'm glad you found me and welcome to the channel! 😁

Great topic, really needed a refresher on how taxes work and how to lower them. Will you eventually do a video on how to file taxes and what software is best to use?

@CanadianTShirt

4 жыл бұрын

You read my mind! Yes I will do a walkthrough of how to file your own taxes using Turbotax, but any tax software should work very similarly. I'll do one video solely on employment income and I'll do another one involving business income. Thanks for the suggestion! =)

Thank you for this!!

@CanadianTShirt

4 жыл бұрын

My pleasure, thanks for watching! =)

Just opened a corporation business in Ontario. And this videos are really helping me understand more and more. I'm gonna watch all the videos that relate to this one. To learn more. Thank you so much, please keep it up, you have no idea how big of a help this is the the community! God bless you brother!

@CanadianTShirt

4 жыл бұрын

Thanks Joseph! I really appreciate those kind words and I'm glad I could help! =)

Thanks for the crystal clear explanations in this video (and all your other ones). I almost always click the "thumbs up" before your videos are done.

@CanadianTShirt

3 жыл бұрын

Thanks Ron! I really appreciate that support, it really helps me build this channel on KZread! =)

wow i learned a lot thanks! i wish school taught me these things

@CanadianTShirt

3 жыл бұрын

Thanks buddy! I'm happy to hear that my video was helpful and I couldn't agree more! There's no excuse why the basics of taxes and finances are NOT taught in high school..... =(

Mom: clean your room Me: Time to learn how to do taxes

@CanadianTShirt

3 жыл бұрын

YES!!! That's what I want to hear! But still, take some time to clean your room 😅

This was the easiest to understand video regarding this topic. Thanks for sharing! Definitely a new a sub!

@CanadianTShirt

4 жыл бұрын

Thanks you Trina! I'm glad my video was helpful! 🙏

I'm so glad I found this video. This is my first year filing taxes and this was incredibly informative. I like how you kept it concise and to the point. Thanks so much! Can't wait for more awesome content.

@CanadianTShirt

4 жыл бұрын

Thanks Vishaal! I'm glad I was able to help! 😀

@shivamshrivastava5104

4 жыл бұрын

Vishaal where are you from??

Random question... do Canadians need to pay GST on KZread income?

@CanadianTShirt

3 жыл бұрын

This is a question I had to discover for myself. After extensive research and speaking with CRA, the answer is no. The income from KZread will be zero-rated for HST since Google (KZread) is not registered for HST in Canada

@Viral_Crunch

3 жыл бұрын

@@CanadianTShirt Awesome! Thanks for your help. I spoke with two accountants earlier this week but they have no clue what KZread is... they are both 70+ years old lol

@Viral_Crunch

3 жыл бұрын

@@CanadianTShirt one more question, do you know if we need a NAICS code?

I love this so much. It makes so much sense. We should have learned thins like this in school in my opinion!

@CanadianTShirt

2 жыл бұрын

Thank you Angel and I absolutely agree! There is no excuse why this isn't taught in high schools but I know that some curriculums are starting to introduce it =)

Thank you for such a good beginning in your whole series! I learnt a lot just in such 15 mins!

@CanadianTShirt

3 жыл бұрын

Thank you Ben! I'm so happy to hear these videos have been helpful! =)

15 minutes holy cow. Nice job!

@CanadianTShirt

4 жыл бұрын

I have yet to make a video under 10 minutes... I really should try to maker shorter ones. Thanks buddy! =)

@jefflight3329

4 жыл бұрын

@@CanadianTShirt No, no, if anything make them longer! 😉

@jefflight3329

4 жыл бұрын

@@CanadianTShirt Wait a second you said being an engineer is not worth it at 8:53! Time to dislike :P

@CanadianTShirt

4 жыл бұрын

@@jefflight3329 A silly engineer relying SOLELY on his paycheck is not worth it. A clever engineer like you also gains income through investing =)

@CanadianTShirt

4 жыл бұрын

@@jefflight3329 Good save? 😋

I should get you to do my TAX. Damn! this is more stressful than to run a business.

@CanadianTShirt

3 жыл бұрын

I can't do your taxes for you but I will be making DOZENS of Canadian tax videos including a step by step guide on how to file your taxes so I hope those will be helpful! =)

Wow, man! You just blew my mind!!! Great work!!! Auto like and subscribe!!!

@CanadianTShirt

3 жыл бұрын

Thank you Jan-Michael! I'm happy to hear that this was helpful! =)

Great video. Very insightful. Definitely going to use some of this information moving forward.

@CanadianTShirt

2 жыл бұрын

Thanks you Manveer! That's what I LOVE to hear! =)

Young Canadians: OK so how do taxes work exactly?? Canada's Public Education System, a government-funded institution: The Mitochondria is the powerhouse of the cell. a^2+b^2=c^2. Loyalist soldiers burned down the White House in the War of 1812. Adrian, a man giving us this information for free on the internet out of the kindness of his own heart: Ok so here's how it works-

@CanadianTShirt

4 жыл бұрын

hahaha thanks Madison! That made my day! 🤣

Can I claim business expenses on income made from a full-time job (and not a side business)?

@CanadianTShirt

4 жыл бұрын

Business expenses can only be claimed to reduce taxes on business income, it won't be able to reduce your full-time job. For example, if I just start a side business and I don't make a profit (my expenses exceed my income) I won't pay any taxes on my business income since I have a net loss. I can NOT use this loss to reduce the taxes I pay on my full-time employment BUT what I can do is carry that loss forward to a future year when my business is profitable and then I can reduce the taxes I pay on that future business income. I hope that helps =)

@Sam-gj4hf

4 жыл бұрын

@@CanadianTShirt Very helpful. Thank you! I really appreciate how you take out time to respond to most questions. I know it takes a lot of effort from your end - I'm sure these genuine efforts will pay off big time. All the best, you're awesome!

@Batuhan1988

4 жыл бұрын

@@CanadianTShirt It is very tricky. if you have a full time job and also self employed, the income comes from self employed will be added on your income comes from your full time job. 55k a year and your side business made 1k a year in total you made 56k a year and you will be taxed based on 56k, am I right? if your side business didn't make any profit but you cannot transfer any loss to full time income. that means you cannot even expense home office expenses like rent. is that correct?

@zackajaal740

4 жыл бұрын

@@Batuhan1988 please reply to the comment above me !!

Love you, new subscriber, great content, keep it up eh!

@CanadianTShirt

3 жыл бұрын

Thanks buddy! I'm super glad you found this video helpful and welcome to my channel! 😁

Thank you that was on point, I'm going into 2022 as a brand new man after this, truly inspiring ! People like you are God given

@CanadianTShirt

2 жыл бұрын

Wow! thank you so much for those kind words! I really appreciate that! And yes, start off 2022 on the right foot! Get your finances in order and take charge of your financial future! 😁

I think I learnt more about Canadian taxes in this short video than all my classes during college and university combined...this shows that you don’t need a degree to be smart and knowledgeable 🤦🏻‍♂️

@CanadianTShirt

4 жыл бұрын

Thanks buddy! I really appreciate that and I'm glad that my video was able to help! 😁

I’m watching this at 16 years old😂

@CanadianTShirt

4 жыл бұрын

That's what I LOVE to hear!!! I WISH I had taken an interest to finances and investing when I was 16! Instead, I was spending my time playing Diablo 2 and Halo 😆 Way to go buddy! 🔥

@aryan-gg8sf

4 жыл бұрын

Canadian in a T-Shirt Canadian in a T-Shirt what do you think I should be doing if I wanted to get into online business such as digital marketing , being an entrepreneur for a career instead of working for people and getting a full time job and all that. I want to retire as soon as I can😂 My parents own a family business should I help them? Honestly what’s your best advise at my age right now to become successful and what should I know. I also am going to be a future artist. And I also live in British Columbia.

@jacobd1529

4 жыл бұрын

Same lol

Dude thank you so much, its so confusing to start a business in Canada. That tutorial series would be a GOLDMINE !

@CanadianTShirt

3 жыл бұрын

You got it buddy! There's a LOT to talk about so it will definitely be a whole series of videos! =)

Hey these videos are great! Really easy to understand and super helpful. Thanks! Keep it up!

@CanadianTShirt

4 жыл бұрын

Thanks Keenan! I'm glad they are helpful! 🙏

Taxation is criminal

@CanadianTShirt

4 жыл бұрын

It can definitely hurt.... especially if you are relying solely on your full time job for income! That's why it's important to learn ways to reduce your tax bill, legally of course! =)

You're an excellent educator. Thank you for being so helpful

@CanadianTShirt

Ай бұрын

Thank you for those kind words! I'm so happy that you are finding my videos valuable! =)

that’s a whole lot of information in 15 minutes. Awesome work done 🎉

@CanadianTShirt

Жыл бұрын

Thanks buddy! That's what I try to do! I talk fast and cut out the fluff and try to cram as much info as I can! 😅

You are the best man!!!! I just love how well you explain these concepts!!!! Keep up the good work!!!!

@CanadianTShirt

2 жыл бұрын

Thank you! I really appreciate that and I'm so happy that you are finding my videos helpful! =)

I really enjoy your videos, a lot of helpful information. Thank you! Keep it up!

@CanadianTShirt

4 жыл бұрын

Thank you for those kind words! I'm glad my videos have helped! Let me know if there are any topics you'd like me to cover =)

Thank you I just shared with my 3 sons whom are keen on business and investing. Your very clear and to the point. Exceptional explanations. Thank you

@CanadianTShirt

2 жыл бұрын

Thank you so much Craig and I hope your sons also found value in my videos! =)

Very beneficial for an international student overseas like me. I were looking for where to start learning about taxes and here it is

@CanadianTShirt

4 жыл бұрын

I'm happy to help! 😁

Thank you for that, it’s great to see this explained from a Canadian perspective. Very informative

@CanadianTShirt

3 жыл бұрын

Thank you Josh! That's why I started this channel in the first place! We need more Canadian content out here! =)

I usually never comment but I have to say that was an AMAZING content, thank you so much for sharing your knowledge I can't believe how much I've learnt just by watching your video omg, very grateful

@CanadianTShirt

Жыл бұрын

Wow! Thank you so much for those kind words! I'm so happy that you found so much value in this video and make sure you watch the rest of my Canadian TAX Guide playlist! (The videos with the silver grey thumbnails) 🙂

Even if I didn't understand a few things am gonna save this video and religiously watch it until I understand it... Cause this is something that we all need to learn and understand

This is so awesome. Thanks for explaining taxes in an easy an undestandable way.

@CanadianTShirt

3 жыл бұрын

Thanks Kristian! That's what I try to do and I'm glad to hear that it's helpful! =)

Thank you SO much for this video and the work that you do! Omg honest I’m speechless with how much value this video has! You rock!

@CanadianTShirt

4 жыл бұрын

Awwww thank you Amanda! That was so sweet, you totally made my night! 😁

@CanadianTShirt

4 жыл бұрын

I'm really glad that my video was helpful and please feel free to reach out if you ever have any questions! =)

this is great! you explain Canadian taxes soo well in a way that makes sense!

@CanadianTShirt

3 жыл бұрын

Thank you!!! I really appreciate that! 🙏

For someone like me planning to move to Canada this content is the best I've seen. Subscribed!!!

@CanadianTShirt

3 жыл бұрын

Thank you Terence! I really appreciate those kind words and welcome to Canada very soon! 🇨🇦

Oh my god, as an International student, I can't thanks you enough as you put a vast knowledge about taxes very beautifully in 15 minutes... Keep it up... waiting for your more new knowledgeable videos.

@CanadianTShirt

3 жыл бұрын

Thank you Amrit! I'm happy to hear that my videos are helpful! =)

This is my first time paying taxes in Canada. Incredibly helpful video. Thank you so much for taking time to make this!

@CanadianTShirt

Жыл бұрын

I'm so happy to hear that! Welcome to Canada and make sure you watch the rest of my CANADIAN TAX GUIDE, my videos with the silver coloured thumbnails =) kzread.info/head/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj

@CanadianTShirt

Жыл бұрын

Especially watch my HOW TO FILE TAXES IN CANADA tutorial where I show you exactly how to do it yourself, step by step =) kzread.info/dash/bejne/ZoaszbCaYrnQpLg.html

Wow man you're awesome. You went into such detail but still managed to explain it so clearly. Huge like and subbed. Keep up the great work!

@CanadianTShirt

4 жыл бұрын

Thanks Kyle! I really appreciate those kind words! 🙏

@frankphuket3172

4 жыл бұрын

Couldn’t have said it better myself, keep it up 👕

@CanadianTShirt

4 жыл бұрын

@@frankphuket3172 haha I love the T-shirt emoji! 😁

Thank you so much for all this information, great content!

This is awesome tutorial I have always known of credit but now I understand it simply by watching this tutorial.. thank you !

@CanadianTShirt

4 жыл бұрын

I'm glad to hear that my videos have been helpful! =)

Thank you so much, Adrian! I'm so happy I found your channel.

@CanadianTShirt

3 жыл бұрын

Thank you Shae! I'm glad you found this helpful and I'm glad you found me! =)

Loved the lesson. I have just subscribed with notifications. Thank you! Hopefully, in the future you will do more videos on capital gains vs business income. The tax brackets, the deductions, the rules of trading income etc. Looking forward to new videos. Going to browse your channel next. :-)

@CanadianTShirt

4 жыл бұрын

Thank you so much for the support! It really means a lot to me and I'm so glad that my video was helpful! I will definitely be making multiple videos on investment taxes and business income, so stay tuned for that. Welcome to the family! =)

Love your videos! I've been learning so much. Thank you!

@CanadianTShirt

6 ай бұрын

I'm so happy to hear that! Thanks for watching! 😊

@CanadianTShirt

6 ай бұрын

Check out the rest of my Canadian TAX Guide, my videos with silver-coloured thumbnails =) kzread.info/head/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj

This is my first video that I watched for taxes and there's so much information which is all valuable. You also provided motivation to open business lol. Subscribed!

@CanadianTShirt

3 жыл бұрын

Thanks Tarvinder! I'm really happy to hear that and stay tuned for my upcoming Business series in the next week or two! =)

this is actually so helpful as a student learning to do their taxes! thank youuuu

@CanadianTShirt

2 жыл бұрын

It's my pleasure! I'm glad you are learning about taxes now while you're still in school! You're gonna be off to such a head start! 😁