TAX CHANGES in CANADA for 2024 // TFSA, RRSP, CPP, Tax Brackets & FHSA 🇨🇦

What are the Biggest TAX CHANGES in CANADA for 2024? Will Taxes go DOWN this year? What are the new TFSA & RRSP Limits? What are the new TAX BRACKETS in Canada? Will CPP be Increased? How does the Basic Personal Amount work? Will I Pay More in Taxes in 2024?

I’ll be breaking down all of the Essential Tax Changes in Canada for 2024. These updates were just announced and it’s important to plan ahead and make the most of your financial new year! I’ll be breaking down the new TFSA & RRSP Limits, First Home Savings Account (FHSA) tips, changes to the Canadian Pension Plan (CPP), the updated Tax Brackets and Tax Credits like the Basic Personal Amount and the Lifetime Capital Gains Exemption. I'll compare all of these changes for 2024 vs 2023 and I'll tie it all together with an example of a full tax breakdown.

CANADIAN TAX GUIDE - Playlist 🇨🇦
   • Canadian TAX Guide  

YEAR-END Tax Saving Tips 👇
   • CANADIAN Year End TAX SAVING TIPS / H...  

FHSA Explained - First Home Savings Account
   • FHSA Explained // How to OPEN an FHSA...  

CPP Changes for 2024
   • Huge CPP CHANGES for 2024 // Canada P...  

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SKIP AHEAD ⏩
-Intro: 0:00
-TFSA Limit: 0:43
-Max TFSA Limit Table: 1:54
-New Canadians - TFSA Room: 2:28
-RRSP Limit: 3:06
-FHSA - First Home Savings Account: 4:22
-CPP Changes: 5:27
-Tax Brackets: 6:27
-Basic Personal Amount: 7:54
-Lifetime Capital Gains Exemption: 9:11
-Alternative Minimum Tax: 9:55
-Example - Tax Breakdown: 10:16
-2024 vs 2023 - Tax Bill: 11:39

WATCH NEXT  ▶️
-How to Buy Stocks in Canada -    • How to Buy Stocks? QUESTRADE Tutorial...  
-How Taxes Work in Canada -    • HOW TAXES WORK IN CANADA | REDUCE YOU...  
-TFSA Mistakes -    • TFSA MISTAKES in Canada to AVOID! // ...  
-Year-End Tax Saving Tips -    • CANADIAN Year End TAX SAVING TIPS / H...  
-How to File Taxes in Canada -    • How to FILE TAXES in CANADA | TURBOTA...  
-RRSP Explained Part 1 -    • RRSP Explained Part 1 | Tax Deduction...  
-How to Build Wealth -    • How to BUILD WEALTH in CANADA // 4 St...  
-RRSP Mistakes -    • RRSP MISTAKES in Canada to AVOID! // ...  
-Pay Stub Explained in Canada -    • My PAY STUB in CANADA // PAYROLL DEDU...  

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#CanadianTaxes #RRSP #TFSA #FHSA #CanadianTaxGuide #CRA #CanadianFinance #CPP