Do you want to know how Canadian income taxes work? And what about the differences in tax rates, how to get a tax refund, and most especially how to file your taxes in Canada? In this comprehensive video, I walk you through the Canadian tax system, tax brackets, federal and provincial taxes, credits and deductions you can take advantage of to legally lower your tax bill, and how to file your taxes the most efficient way possible before the deadline to maximize your tax refund. And as promised in the video, I'm giving away 10 voucher codes to 10 of you lucky viewers so you can use TurboTax for free! But don't forget, if you're 25 years old or younger, you can use TurboTax for free until May 1, 2023*. To enter to win one of these voucher codes, visit this entry form: https://jessicamoorhouse.typeform.com/turbotax2023 I'll be drawing winners from now until April 15, 2023, so don't miss your chance! For full contest terms & conditions visit https://jessicamoorhouse.com/turbotax-voucher-code-giveaway-terms-and-conditions *For tax year 2022 products only. Filing must be completed by March 31, 2023 for Full Service and Assist & Review; May 1, 2023 for TurboTax Online. Age is determined as of December 31, 2022. If filing a spousal return, both spouses must be 25 or under as of December 31, 2022. Excludes Premium Pack. **This video is sponsored by TurboTax, but all views and opinions expressed are my own and are based on my own research of the subject matter. 📹 WATCH NEXT https://www.youtube.com/watch?v=c85AmDvn51M ============================= CHAPTERS 00:00 Introduction 01:07 Giveaway details 01:15 Who has to file income taxes in Canada? 02:23 What taxes do you have to pay? 03:27 What are tax brackets? 05:46 Basic personal amount 06:15 Marginal tax rates 06:56 Average tax rates 07:19 Tax rates for investment income 08:19 Tax credits 09:20 Tax deductions 11:03 How to file your taxes ============================= RESOURCES 📌 Canada Income Tax Calculator: https://turbotax.intuit.ca/tax-resources/canada-income-tax-calculator.jsp?cid=sm_en_fy23_aware_yt_edu_np_na_influencer_jessicamoorhouse_na_na 📌 Canada Tax Checklist: https://turbotax.intuit.ca/tips/2023-canada-tax-checklist-what-documents-do-i-need-to-file-my-taxes-14216?cid=sm_en_fy23_aware_yt_edu_np_na_influencer_jessicamoorhouse_na_na 📌 TurboTax Self-Employed: https://turbotax.intuit.ca/tax/situations/self-employed-taxes?cid=sm_en_fy23_aware_yt_se_np_na_influencer_jessicamoorhouse_na_na 📌 TurboTax Full Service: https://turbotax.intuit.ca/tax/software/full-service?cid=sm_en_fy23_aware_yt_nc_fs_na_influencer_jessicamoorhouse_na_na 📌 Tax Filing for Canadians 25 or Under: https://turbotax.intuit.ca/tax/situations/young-filers-under-25?cid=sm_en_fy23_aware_yt_25u_np_na_influencer_jessicamoorhouse_na_na ============================= GET STARTED ➡️ BUDGET SPREADSHEETS & MERCH https://jessicamoorhouse.com/shop ➡️ INVESTING COURSE https://jessicamoorhouse.com/course ➡️ EMAIL LIST https://jessicamoorhouse.com/subscribe ➡️ RESOURCE LIBRARY https://jessicamoorhouse.com/resources ➡️ RECOMMENDATIONS https://jessicamoorhouse.com/recommendations FOLLOW ME ✏️ BLOG https://jessicamoorhouse.com/blog 🎙 PODCAST https://jessicamoorhouse.com/podcast 📺 PODCAST YOUTUBE https://www.youtube.com/channel/UCqn4iwsORrFmWRCDdIc_nMg 🐥 TWITTER https://twitter.com/jessi_moorhouse 📘 FACEBOOK https://www.facebook.com/jessicaimoorhouse 📸 INSTAGRAM https://www.instagram.com/jessicaimoorhouse ABOUT ME I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, content creator, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and run my own business, MoorMoney Media Inc., to educate others about financial literacy. To learn more, check out my website https://jessicamoorhouse.com/ #personalfinance #financialliteracy #taxes --- DISCLAIMER & DISCLOSURE The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/