Скачать или смотреть Most Canadians don’t really understand how income tax works

Ever wondered why your tax bill looks different from your friend’s — even if you earn the same amount?

That’s because Canada has two layers of income tax (federal + provincial), and they’re progressive. The rates change based on how much you earn and where you live. Add tax credits, deductions, and different rules for salary, rental income, business income, and capital gains — and the picture becomes clearer.

This video breaks it down in a simple way so you actually understand where your money is going.

Canada’s income tax is progressive and has two layers: federal and provincial. That’s why the same income gets taxed differently across provinces, and why credits, deductions, and income type matter so much.


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