Graham Westmacott CFA

Portfolio Manager

Susan Daley CFA

Associate Portfolio Manager
  • T519.880.0888
  • 1.877.517.0888
  • F519.880.9997
  • The Marsland Centre
  • 20 Erb St. W,
    Suite 506
  • Waterloo, Ontario N2L 1T2

The Basics of the Canadian Tax System

March 1, 2017 - 0 comments

Welcome to tax season! Every year we have to complete our tax returns which calculates how much federal and provincial tax we have to pay. Some years we might have paid too much through employer deductions and withholding taxes, so we receive a tax refund; other years we might owe tax come April. In order to get a better sense of how this works, I’ve created a video outlining how the Canadian progressive tax system works, and how you might be able to reduce your tax burden through credits and deductions. Tax evasion is illegal, but tax planning is perfectly legal and can help you reduce your taxes so that you aren’t paying more than you need to.

By: Susan Daley with 0 comments.
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