So how exactly do taxes work in Canada?
This video explores the Canadian tax system and covers everything from what a tax bracket is to explaining how the Canada Revenue Agency (CRA) decides how much Canadians get taxed each year. Check out the TurboTax Hub to learn more: turbotax.intuit.ca/tips/.
Timestamps
0:00 How taxes work in Canada
00:14 Types of income
00:26 Canada’s tax structure
00:33 What is a tax bracket?
00:46 What are the provincial tax brackets?
00:54 What is a marginal tax rate?
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