How Canadian Taxes Actually Work in Canada (Newcomers Must Watch!) 🇨🇦

LemFi is a mobile app that allows USA, UK and Canada users to send money within minutes at zero transfer fees to Nigeria, Ghana, Kenya, Tanzania, and more. Use code “XORENI” to get C$10 cash back the first time you send C$100 and above.

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Just moved to Canada and shocked by your first paycheck? You’re not alone 😭
In this video, I break down how taxes in Canada work — Sales tax, income tax, property tax, and more — so you actually understand where your money is going 💸

0:00 – Intro
0:40 – Meet LemFi
1:15 – Canadian Tax System Hierarchy Explained
2:32 – Types of Tax You’ll Encounter
4:00 – The tax collectors CRA
4:38 – Tax brackets explained
7:56 – Breaking down your pay stub – CPP, EI
9:29 – Sales Tax explained
9:59 – Property Tax Explained
10:45 – Capital Gains Explained
11:30 – Outro

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Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.

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xo,
Reni ♡

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