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Within this padlet, viewers should expect to gain an understanding of how income taxes are processed and carried out while also gaining knowledge regarding various beneficial tips and resources under an income tax basis.

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TaxTips is a website specifically designed to assist consumers in their quest to achieve financial freedom and stability. Tax Tips provide services such as RRSP & RRIF calculators, mortgage and other calculators to help potential customers determine how much tax they will pay,  how long their money will last, and how to cut their interest costs on various expenditures.

I chose this website because it provides the calculating resources consumers need to help them know their exact financial status and what they will be required to pay so they are actively aware of their current status.

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Our Free In 30! page will provide you with the plan we have used in our life. We haven't always followed the plan, but we managed to retire at fifty after starting married life with nothing. Okay, we're not retired anymore - this website is almost a full-time job!

The resources on our site include the following financial planning and income tax planning information and tools:

Get Out of Debt Now! - This is the most important advice we can give you.

Canadian income tax information - tax laws and how they apply.

Income tax rates (marginal tax rate tables) for every province and territory.

Non-refundable personal tax credit tables for Canada, provinces and territories.

RRSPs and RRIFs - information and rules regarding contributions, holdings and withdrawals.

Canadian income tax calculators, RRSP & RRIF calculators, mortgage and other calculators to help you determine how much tax you will pay, how long your money will last, and how to cut your interest costs. Our Canadian income tax calculators include employment income, dividend income and dividend tax credits, capital gains and other income, as well as most tax deductions and personal tax credits. CPP and EI premiums are also calculated by our income tax calculators.

Information on investing in stocks, bonds etc., including the tax consequences of different investments.

Real estate information, including what happens if you rent out part of your home, build a new house for resale, or move into a home that you previously held as a rental property.
Resources for seniors Resources for persons with disabilities
Sales tax information, including GST, HST and provincial retail sales taxes.

Business page which provides links to tax forms, information on setting up a business, rules re business expenses including automobiles, and automobile taxable benefits, corporate income tax rates, and much more.

See our site map for a list of all the main web pages on our site. To easily find any topic on our site, type your search term into the search box under the page title near the top of any page.

We hope the information on our website will make you a better money manager, and help you become financially independent.

Tax Tip: Make your money work for you instead of you working for it, and get out of non-tax-deductible debt as quickly as possible.

Revised: August 29, 2017
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TaxTips.ca - The Facts on Tax for Canadians

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TaxTips.ca - Canadian income tax, financial investing and real estate information and calculators for individuals and business.

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WEBSITE #2                      H&R Block 

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WEBSITE #2                      H&R Block 

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H&R Block provides clients with the financial knowledge of how to stay organized during the tax season, how to avoid CRA's radar amongst other tips to get the most out of your tax returns etc.

This website provides the proper intel to various persons who are not sure on how to file taxes and are seeking professional guidance so they don't make careless mistake during the process.

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Tax Tips for Canadians - H&R Block Canada

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Tax tips for Canadians. Five Ways To Get The Most Out Of Your Tax Return U.S citizen? Top 5 Things You Missed on Your Tax Return Tax Tips For New

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WEBSITE #3                         TURBOTAX

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WEBSITE #3                         TURBOTAX

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TurboTax provides intel regarding tips and advice on the basis of tax credit for self employed personnels, tax free savings accounts (TFSAs) in Canada while educating clients on how credits and deductions are processed and what are the determining factors within the cycle.

This website is useful because allows viewers to understand what factors determine their total tax income and helping them to understand how credits and deductions play a pivotal role in how much money they are required to pay.

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Basics, Getting Organized, Homeowner, Tips & Advice

Basics, CRA & Revenu Québec, Credits & Deductions, Education, Expenses, Families, Getting Organized, Homeowner, Medical & Disability, Self-Employed, Tax Basics, Tips & Advice, Turbo News

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2019 TurboTax® Canada Tips | Better info. Bigger refund.

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Basics, Getting Organized, Homeowner, Tips & Advice Basics, CRA & Revenu Québec, Credits & Deductions, Education, Expenses, Families, Getting Organized, Homeowner, Medical & Disability, Self-Employed, Tax Basics, Tips & Advice, Turbo News

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Canada.ca is a well known website internationally whether it be on a tax basis or even stretching to the horizon of immigration. However, they do provide a sufficient amount of information regarding personal income taxes. They provide data regarding how to do your taxes, your tax obligations, tax refunds, personal income tax rates which are severally important from a taxpayer's point of view.

This website is useful because it can be used as an additional tool to understand the rates at which your personal income is being taxed on a daily basis while making sure you are cooperating fully with the government requirements and are not in a bad standing.

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File your personal income taxes, find filing and payment due dates, what needs to be reported and can be claimed as deductions, and how to check the status of your tax refund.

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This video focuses on how taxes are split up among the population. Amongst the population, the group which makes 10% of a countries income pay 10% of the country's taxes and so on. He talks about how the payroll taxes of high earners assist in the subsidization of the social security and medical benefits of low income earners receive after retirement.

This video is useful because it helps viewers to understand how the tax system correlates with their earnings and benefits.

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This video explains how income taxes operate on a personal   level. She explains that income taxes are organized within brackets based on  different percentages and categorized by single, married filing jointly or qualified widow/widower.

Income taxes are progressive which means that the tax rate increases as the taxable amount increases which means the higher the salary of an individual the more taxes they are required to pay.

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What did you learn about your topic that surprised you the most?
I was shocked to discover that there were so many factors that you have to be conscious about when filing your'e taxes and how long and stressful the process can truly be.

Provide a real-life example of how this topic is relevant or interesting for you.
This topic is relevant to me because I am at that age in life where I will soon be required to file my taxes and complete this process and by carrying out thus assignment I have discovered some of the beneficial tips on how to complete the process successfully and what determines how much tax I will be required to pay.

If you could pass on the knowledge to a family member or friend, what do you think is the most important thing to pass on?
In regards to this research, I would advise my family/friends to look in hidden factors that a majority of people may be unaware of when filing their taxes so they can save more and be more financially stable.

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This video embraces a storyline of three brothers who were all similar in some ways but the main difference between them was the fact that even though they worked the same profession as carpenters, they all worked a different number of hours bringing home different level of incomes.

This video teaches us that because you are making more income you are basically required to pay more in various life situations while also on a tax basis.

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The Progressive Income Tax: A Tale of Three Brothers | 5 Minute Video

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This picture provides potential taxpayers information on tax savings tips they may be unaware of which could subsequently assist them in the future.

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This video shows how the tax brackets work. Deductions are not taxed and is misinterpreted by a lot of individuals. Tax brackets operate under marginal tax rates which is the ratio at which an individual is taxed.

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This photograph breaks down what the income tax bracket looks like and what the required fields are when submitting a completed form.